Thursday, June 13, 2024
Outlook.com
Outlook India
Outlook Business

Zomato Shares Jump Over 5%; Touch 52-Week High Level After Dec Quarter Earnings

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 Shares Jump Over 5%; Touch 52-Week High Level After Dec Quarter Earnings

Press Trust Of India

POSTED ON February 09, 2024 10:43 AM

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 that 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. 

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. 

  • Related Articles

    Manju Agarwal has reportedly resigned from the board following an RBI order that imposed restrictions on the bank's operations.

    Paytm Payments Bank's Independent Director Resigned From The Board Following RBI Order

    During this recent trip to India, the tech major’s CEO highlighted the opportunity for an AI-empowered India

    Microsoft To Provide 2 Million People In India With AI Skilling Opportunities By 2025: CEO Satya Nadella

    Sarvam AI will use Microsoft’s cutting-edge cloud and AI infrastructure – including Azure OpenAI Service and Azure Machine Learning – to train, host, and scale its LLMs quickly and...

    Sarvam AI Collaborates With Microsoft To Bring Its Indic Voice LLM To Azure