Zomato shares zoom over 12% after strong Q1 results
Aug 2, 2024, 19:13 IST
Shares of Zomato zoomed more than 12% on Friday after the food delivery aggregator reported a multi-fold jump in consolidated net profit to Rs 253 crore for the June quarter. The stock of Zomato surged 12.24% to close at Rs 262.74 apiece on the National Stock Exchange (NSE).
On the BSE, it climbed 12.11 % to settle at Rs 262.45 per piece. In the intra-day trade, shares of Zomato advanced to 19% to hit a 52-week high of Rs 278.70 and 278.45 apiece on the NSE and BSE, respectively.
At the end of the market close, the company's market capitalisation (mcap) stood at Rs 2.31 lakh crore, up by Rs 25,024.51 crore on the BSE. On the volume front, 38.9 crore equity shares of Zomato were traded on the NSE while 2.98 crore shares exchanged hands on the BSE during the day.
The 30-share BSE Sensex plunged 885.60 points or 1.08% to close at 80,981.95 while the broader Nifty of NSE slipped 293.20 points or 1.17 % to end at 24,717.70. Zomato, on Thursday, reported a multi-fold jump in consolidated net profit to Rs 253 crore for the April-June period of FY25, compared to Rs 2 crore in the year-ago period.
The company's revenue from operations jumped more than 74% to Rs 4,206 crore in the first quarter of this fiscal from Rs 2,416 crore in the April-June period of last year, according to a regulatory filing by Zomato. Its total expenses also rose to Rs 4,203 crore during the quarter under review, from Rs 2,612 crore a year ago.
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On the BSE, it climbed 12.11 % to settle at Rs 262.45 per piece. In the intra-day trade, shares of Zomato advanced to 19% to hit a 52-week high of Rs 278.70 and 278.45 apiece on the NSE and BSE, respectively.
At the end of the market close, the company's market capitalisation (mcap) stood at Rs 2.31 lakh crore, up by Rs 25,024.51 crore on the BSE. On the volume front, 38.9 crore equity shares of Zomato were traded on the NSE while 2.98 crore shares exchanged hands on the BSE during the day.
The 30-share BSE Sensex plunged 885.60 points or 1.08% to close at 80,981.95 while the broader Nifty of NSE slipped 293.20 points or 1.17 % to end at 24,717.70. Zomato, on Thursday, reported a multi-fold jump in consolidated net profit to Rs 253 crore for the April-June period of FY25, compared to Rs 2 crore in the year-ago period.
The company's revenue from operations jumped more than 74% to Rs 4,206 crore in the first quarter of this fiscal from Rs 2,416 crore in the April-June period of last year, according to a regulatory filing by Zomato. Its total expenses also rose to Rs 4,203 crore during the quarter under review, from Rs 2,612 crore a year ago.