Share Market Today LIVE | Zomato shares zoom nearly 14% to hit 52-week high after reporting profit for the first time since listing
Shares of Zomato skyrockets a day after the online food delivery firm reported its first-ever consolidated profit after tax (PAT) of Rs 2 crore for the April-June quarter of 2023–24 (Q1FY24), helped by a tax gain and strong orders in its food and grocery delivery businesses. The scrip jumped as much as 13.6 per cent to hit a 52-week high of Rs 98.40 on the NSE.
The counter trades at Rs 95.65, up by Rs 9.1 or 10.51 per cent on the NSE. The company posted a net loss of Rs 186 crore in the same quarter last fiscal.
Consolidated revenue from operations in the first quarter of the current fiscal came in at Rs 2,416 crore as against Rs 1,414 crore logged in the year-ago period, it added.
Besides, block deals worth Rs 1.74 crore took place in the early morning, as per a Zee Business report. Read more
Image source: Reuters/ Representational image
