INSUBCONTINENT EXCLUSIVE:
At 11:30 am, Zomato shares were trading at Rs 131.75, up 5.44 per cent, on the BSEZomato shares skyrocketed almost 5 percent in a weak
market a day after the company reported a dive in profits in the quarter June 2021
Zomato's profits from operations in the very first quarter of the current financial stood at Rs 844 crore, compared to Rs 266 crore in the
corresponding duration in 2015, marking a three-fold boost year-on-year
At 11:30 am, Zomato shares were trading at Rs 131.75, up 5.44 percent, on the BSE.The newly noted company, nevertheless, reported a net loss
of Rs 356 crore in the June 2021 quarter compared to a loss of Rs 99.8 crore in the year-ago duration as its dining-out business was
impacted by the Covid-19 pandemic.This is Zomato's very first quarterly revenues upgrade considering that its stellar stock market debut
Last month, Zomato had listed at a premium of 53 percent and subsequently accomplished a market capitalisation of Rs 1.08 lakh crore on the
BSE.The BSE Sensex was trading at 54,271.75, lower by 280 points or 0.51 per cent and the NSE Nifty was at 16,196.10, down 85.30 points or
0.52 per cent at the time.
