Investors and shareholders of Zomato have reason to celebrate as the company’s share price Friday 09 Feb. 2024 reached a 52-week high. Net profit of ₹138 crore in Q3FY24 posted by Zomato, compared to a loss of ₹347 crore in the same period last year. Soared 283% on a quarter-on-quarter (QoQ) basis. Zomato’s net profit Soared 283% on a quarter-on-quarter (QoQ) basis.
This milestone comes on the back of impressive third-quarter results that highlight the company’s strong growth and potential in the market. Zomato Shares are up as much as 5.1% to 151.4 rupees; touching the highest level since December 2021.
Zomato, a leading online food delivery platform, has been gaining momentum in recent years. The company’s Q3 results Zomato recorded another quarter of impressive performance with growth across all segments said Analysts at MK Global Financial Services.
