03 Aug 2024

Zomato's Q1FY25 Net Profit Soars by 126 Times

Zomato's stock is currently trading at Rs. 264.85, marking an increase of 30.75 points or 13.14% from its previous close of Rs. 234.10 on the BSE.

The stock opened at Rs. 244.00 and has hit a high of Rs. 278.45 and a low of Rs. 243.75 during the day. A total of 26,764,920 shares have been traded so far.

This BSE 'A' group stock, with a face value of Rs. 1, reached a 52-week high of Rs. 278.45 on August 2, 2024, and a 52-week low of Rs. 80.99 on August 3, 2023.

In the past week, the stock's high and low were Rs. 278.45 and Rs. 224.25 respectively. The company's current market cap stands at Rs. 233,522.63 crore.

Institutional investors hold a 69.90% stake in the company, while non-institutional investors hold 30.10%.

For the first quarter ending June 30, 2024, Zomato reported a net profit of Rs. 470 crore, a 70.29% increase from Rs. 276 crore in the same quarter last year. The company's total income rose by 44.89% to Rs. 2,327 crore in Q1FY25, compared to Rs. 1,606 crore in the same period the previous year.

On a consolidated basis, Zomato's net profit jumped significantly to Rs. 253 crore for the quarter ending June 30, 2024, compared to Rs. 2 crore in the same quarter last year. The total income increased by 71.04% to Rs. 4,442 crore in Q1FY25, up from Rs. 2,597 crore in the corresponding quarter of the previous year.