Zomato’s share price surged by over 16% to an all-time high of Rs 261, following a substantial increase in the company’s net profit for the first quarter of the current financial year (Q1FY25). The net profit for this quarter soared to Rs 253 crore, a significant rise from Rs 2 crore in Q1FY24.
On a sequential basis, Zomato’s net profit saw a 44.5% increase from Rs 175 crore in the previous quarter. The company’s revenue from operations also experienced substantial growth, increasing by 74% year-on-year to Rs 4,206 crore in Q1FY25. This marks a 19.2% rise from Rs 3,562 crore in the preceding quarter.
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. The net profit for this quarter soared to Rs 253 crore, a significant rise from Rs 2 crore in Q1FY24.){kind=link}