Zomato Shares Surge 4% After Profit Announcement

New Delhi, Feb 9 (PTI) Shares of online food delivery firm Zomato Ltd on Friday ended nearly 4 per cent higher after the company reported a consolidated net profit of Rs 138 crore in the third quarter ended December 31, 2023.

The stock advanced 5.17 per cent to hit a 52-week high of Rs 151.45 during the day on the BSE. It ended at Rs 149.45, higher 3.78 per cent.

On the NSE, shares of the company ended at Rs 149.10, up 3.46 per cent after jumping 5 per cent to Rs 151.40 -- its 52-week high level -- during the day.

In traded volume terms, 114.94 lakh shares of the firm were traded at the BSE and over 25.79 crore shares at the NSE during the day.

Zomato Ltd on Thursday reported a 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.