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November 21, 2024
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There was a sudden stormy rise in Zomato’s shares, investors became rich, know the reason for the rise.

  • August 2, 2024
  • 2 min read
There was a sudden stormy rise in Zomato’s shares, investors became rich, know the reason for the rise.

Zomato News: It was exactly a year ago, when for the first time ZOMATO, a food delivery business company, came out of the red. Came and became profitable. The company’s profit was only Rs 2 crore, after which various types of memes went viral on social media. Laagaya. Some users even advised Zomato CEO Deependra Goyal that he should have taken Atla from me. However, today the company’s fortunes have changed and Zomato has registered record breaking profits.

Zomato on Thursday announced its June quarter results for the financial year 2025, under which The company has made record break profits. The company told the exchange that their profit has increased by 12550% in the first quarter of the current business year. The company’s profit has increased from Rs.2 crore to Rs.253 crore. Consolidated annual income of the company is Rs. Increase from Rs 2416 crore to Rs. 4206 crores.

There is a stormy rise in the Zomato stock. Meanwhile, a stormy rise is being seen in the Zomato stock. Due to record breaking profit, despite market decline, Zomato’s shares rose by 16.51 percent to Rs. Crossed 266. It has given 212 percent return in the last one year.

What is the EBITDA of the company?
The company has made excellent EBITDA profits on an annual basis. In this quarter last year Rs. Company’s EBITDA against loss of Rs 48 crores. Has reached Rs 177 crore. The company’s food delivery earnings have increased from Rs 186 crore to Rs 321 crore. Commerce income Rs. Against a loss of Rs 105 crore, it increased to Rs 105 crore on quarter-by-quarter basis. 43 crores has happened.

Zomato’s revenue has grown by about 74% year-on-year and stood at Rs. 4,206, which increased from Rs. 4,206 during the last financial year. Was 1,416 crores. Zomato gross order value increased by 53 percent to Rs. 15,455 crores. Blinkit’s EBITDA was Rs. Negative of Rs 3 crore has come. The company has added 113 stores in a year.

Impact will be seen on the stock tomorrow. This stock has seen a growth of 69.26% in six months. Whereas in one year it has given 180.71% return. This stock has increased by 91.08% since January. At the time of writing this news, Zomato is trading at Rs 259. Today’s high has been Rs 278.

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Nikhil jain

Nikhil Jain is the founder of Just Now News, a news channel and website dedicated to timely and accurate reporting. Just Now News, with its website justnownews.in, aims to provide up-to-date information across various topics to its audience.

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