New Delhi: Zomato's stock soared over 12 pc on Friday following a significant increase in consolidated net profit to Rs 253 crore in the June quarter.
Zomato's stock surged by 12.14 pc to reach Rs 262.50 each on the NSE trading. It surged by 12.13 per cent to Rs 262.50 per piece on the BSE. During the same trading day, Zomato's stocks surged by 19 pc, reaching a 52-week peak of Rs 278.70 and Rs 278.45 each on the NSE and BSE.
The BSE Sensex dropped by 623.02 points, equivalent to 0.76 pc, landing at 81,244.53, while the NSE Nifty fell by 203.15 points to 24,807.75. Zomato, a food delivery aggregator, announced a significant increase in consolidated net profit to Rs 253 crore for the April-June quarter of FY25, up from Rs 2 crore in the same period last year.
Zomato's revenue surged by over 74 pc to Rs 4,206 crore in the first quarter of the current fiscal, up from Rs 2,416 crore in the same period last year, as reported in a regulatory filing. During the quarter being examined, its overall costs increased to Rs 4,203 crore, up from Rs 2,612 crore in the previous year.
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