Zomato Share Price Shares of Zomato rose in the March quarter due to lower losses and higher earnings. For the entire financial year 2022-23, the company has incurred a loss of Rs 971 crore as compared to Rs 1222.5 crore last year.
Shares of online food delivery company Zomato rose as much as 2.55 percent in early trade on Monday. The rally in the company’s shares is due to a reduction in losses and an increase in earnings in the March 2023 quarter.
Shares of Zomato were trading up 3.10 percent at Rs 66.55 at 12:30 pm till press time. The stock touched a high of 66.85 and a low of 64.35 in the trading session.
How much return did the stock give in a year?
Shares of Zomato have returned 16.39 percent in the last year. The stock has climbed 10.03 percent since the beginning of this year. The stock has returned 3.83 percent in six months. At the same time, the stock has climbed about 18.39 percent in one month.
How were the Zomato results?
Zomato’s loss narrowed to Rs 187.6 crore in the March quarter. The company’s revenue rose to Rs 2,056 crore from Rs 1,211.8 crore a year ago.
The company said that its expenses for the fourth quarter rose to Rs 2,431 crore from Rs 1,701.7 crore in the same period a year ago.
For the full financial year 2022-23, the company posted a loss of Rs 971 crore, which was Rs 1,222.5 crore in 2021-22. The company’s total income was Rs 7,079.4 crore in FY 2022-23, up from Rs 4,192.4 crore in FY 2021-22.
