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2 min read | Updated on August 01, 2024, 15:52 IST
SUMMARY
Zomato's stock rose on the bourses after the June quarter results were declared. At around the closing bell, the shares peaked to a high of ₹238 apiece on the NSE, up 3.68% as against the last closing price.
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Sequentially, the net profit during the quarter under review climbed 44.5%
In the corresponding period of the previous fiscal, the company's net profit stood at only ₹2 crore. Sequentially, the net profit during the quarter under review climbed 44.5% as against ₹175 crore in Q4FY24.
The consolidated revenue from operations climbed 74.1% year-on-year (YoY) to ₹4,206 crore, as against ₹2,416 crore in the June 2023 quarter.
Sequentially, the revenue from operations rose 18% from ₹3,562 crore in the fourth quarter of the last fiscal.
The earnings before interest, taxes, depreciation and amortisation (EBITDA) during the June 2024 quarter rose to ₹177 crore, as compared to an EBITDA loss of ₹48 crore in the year-ago period.
Zomato's expenses during Q1FY25 also accelerated, rising 60% YoY to ₹4,203 crore from ₹2,612 crore in Q1FY24. In the preceding March 2024 quarter, the expenses stood at ₹3,636 crore.
Shares of Zomato rose on the bourses after the June quarter results were declared. At around the closing bell, the scrip peaked to a high of ₹238 apiece on the NSE, up 3.68% as against the last closing price.
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