Zomato Share Price: Online Food Delivery Firm’s Shares Jump Over 5%; Touch 52-Week High Level After December Quarter Earnings
Zomato Ltd on Thursday reported a consolidated net profit of Rs 138 crore in the third quarter ended December 31, 2023, on the back of accelerated growth of quick commerce and steady performance of its core business.
New Delhi, February 9: Shares of online food delivery firm Zomato Ltd on Friday climbed over 5 per cent after the company reported a consolidated net profit of Rs 138 crore in the third quarter ended December 31, 2023. The stock advanced 5.17 per cent to hit a 52-week high of Rs 151.45 on the BSE. On the NSE, it jumped 5 per cent to Rs 151.40 -- its 52-week high level.
Zomato Ltd on Thursday reported a consolidated net profit of Rs 138 crore in the third quarter ended December 31, 2023, on the back of accelerated growth of quick commerce and steady performance of its core business. Zomato Shares Price: Online Food Delivery Firm’s Shares Jump Over 14% in Morning Trade; Hit 52-Week High After Posting First-Ever Quarterly Profit of 2023-24.
The company had posted a consolidated net loss of Rs 347 crore in the same quarter last fiscal, Zomato Ltd said in a regulatory filing. Consolidated revenue from operations stood at Rs 3,288 crore. It was at Rs 1,948 crore in the year-ago period, it added.
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