Akshata Sharma
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Shares of Zomato touched a 52-week high, INR 278.45, in early trading hours today (August 2), after the foodtech major's consolidated net profit zoomed multifold year-on-year (YoY) to INR 253 Cr in the June quarter (Q1) of the financial year 2024-25 (FY25)
At 10:20 AM shares were trading at INR 274.6, 17% higher as compared to its previous close at INR 234.1.
The stock opened today at INR 244, a 4% jump from the previous close.
Yesterday, Inc42 reported that the Deepinder Goyal's startup posted its first profitable quarter in Q1 FY24, with a net profit of INR 2 Cr. Zomato's profit rose nearly 45% quarter-on-quarter (QoQ) to INR 175 Cr.
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