Zomato Shares Soar after Multi-fold Profit Surge in Q1 FY25

Shares of Zomato surged over 12% after the food delivery aggregator reported a significant rise in net profit to Rs 253 crore for the June quarter. The company's revenue from operations also increased, jumping more than 74% year-on-year. Both NSE and BSE recorded notable gains for the stock.

Shares of Zomato surged more than 12% on Friday, following a report of a multi-fold increase in consolidated net profit to Rs 253 crore for the June quarter.

The stock traded at Rs 262.50 apiece on the NSE and gained similarly on the BSE.

Intraday trading saw Zomato shares rise up to 19%, hitting a 52-week high of Rs 278.70 and Rs 278.45 on NSE and BSE, respectively.

The broader market reflected mixed sentiments as the 30-share BSE Sensex gained 623.02 points or 0.76%, closing at 81,244.53, while NSE Nifty declined 203.15 points to 24,807.75.

Zomato's revenue from operations jumped over 74% to Rs 4,206 crore in the first quarter, compared to Rs 2,416 crore last year. Costs also rose, totaling Rs 4,203 crore for the quarter, up from Rs 2,612 crore a year ago.