Zomato shares rallied over 5% on Friday, reaching a 52-week high after the company reported a net profit of Rs 138 crore in the December quarter, driven by growth in quick commerce and core business.
New Delhi, Feb 9 (PTI) 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 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.
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