Zomato zooms on reporting consolidated net profit of Rs 138 crore in Q3
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Zomato is currently trading at Rs. 148.25, up by 4.25 points or 2.95% from its previous closing of Rs. 144.00 on the BSE.
The scrip opened at Rs. 146.90 and has touched a high and low of Rs. 151.45 and Rs. 142.30 respectively. So far 8915684 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 151.45 on 09-Feb-2024 and a 52 week low of Rs. 49.00 on 28-Mar-2023.
Last one week high and low of the scrip stood at Rs. 151.45 and Rs. 138.05 respectively. The current market cap of the company is Rs. 128812.94 crore.
The Institutions and Non-Institutions held 70.35% and 29.65%, stake in the company respectively.
Zomato has reported results for third quarter ended December 31, 2023 (Q3FY24).
The company has reported over 6-fold jump in its net profit at Rs 384 crore for Q3FY24 as compared to Rs 62 crore for the same quarter in the previous year. Total income of the company increased by 43% at Rs 2,018 crore for Q3FY24 as compared Rs 1,416 crore for corresponding quarter of the previous year.
On consolidated basis, the company has reported net profit of Rs 138 crore for the third quarter ended December 31, 2023 as compared to net loss of Rs 347 crore for the same quarter in the previous year. Total income of the company increased by 65% at Rs 3,507 crore for Q3FY24 as compared Rs 2,121 crore for corresponding quarter of the previous year.
