Zomato shares defy gravity; Deepinder Goyal becomes richer by over ₹1,600 crore

The stock hit a high of ₹278.45 on the BSE against the previous close of ₹234.10. 

With today's rally, Deepinder Goyal, a co-founder and CEO of the food delivery company, added ₹1,638.60 crore to his pocket. 

As per reports, Goyal held 36,94,71,500 shares, or 4.19%, of the company as of the June quarter. Hence, 36,94,71,500* ₹278.45 results in ₹10,288 crore. 

If we subtract today's high (₹278.45) from the previous close (₹234.10), the balance is ₹44.35. Now, if you multiply 36,94,71,500 shares by ₹44.35, the figure comes in at ₹1,638.60 crore. 

The food delivery aggregator reported on Thursday a multifold jump in consolidated net profit to ₹253 crore for the April-June quarter of 2024–25, compared to ₹2 crore in the year-ago period.

The company's revenue from operations jumped more than 74% to ₹4,206 crore in the first quarter of this fiscal from ₹2,416 crore in the April-June period of last year. 

Its total expenses also rose to ₹4,203 crore during the quarter under review, from ₹2,612 crore a year ago.

The reporting segments for the group include the food ordering and delivery business, Hyperpure Supplies (B2B), its quick commerce offering Blinkit, the going out segment, and all other residual segments.

Zomato Chief Financial Officer Akshant Goyal shared that the gross order value (GOV) growth across its B2C businesses (food delivery, quick commerce, and going-out) accelerated to 53% YoY (14% QoQ) to ₹ 15,455 crore.

In the past one year, shares of the company have skyrocketed by over 205%.

"On the profitability front, consolidated adjusted EBITDA increased by ₹287 crore YoY to ₹299 crore in Q1 FY25, driven by margin expansion in all four businesses. Business turned adjusted EBITDA positive exactly one year ago (in Q1 FY24), and within a year we are now at an annualised profit of about ₹1,200 crore," Goyal shared.