zomato share
Shares of online food delivery company Zomato fell 11 percent on Tuesday after 57.2 percent decline in consolidated net profit for the December quarter. The company’s shares fell 10.92 percent to close at Rs 214.65 per share on BSE. The market capitalization (mcap) of the company declined by Rs 25,380.41 crore to Rs 2,07,144.78 crore. Shares of Gurugram-headquartered Zomato closed 10.16 per cent lower at Rs 215.40 per share on the NSE. In terms of volume, 30.82 crore equity shares of Zomato were traded on NSE and 1.76 crore shares were exchanged on BSE.
Profit decreased by 57%
There has been a huge decline in the profits of Zomato. In the December quarter of the current financial year, the company’s consolidated net profit declined by 57 percent to Rs 59 crore. The company’s consolidated net profit in the same period last year was Rs 138 crore. The company’s revenue in December 2024 was Rs 5405 crore. It was Rs 3288 crore in the same period a year ago.
Swiggy shares fell 8%
Meanwhile, Swiggy shares also fell by more than eight percent. Swiggy shares closed 8.08 per cent lower at Rs 440.30 on BSE. The company’s shares closed 8.01 per cent lower at Rs 440.80 on the National Stock Exchange (NSE). Swiggy’s market cap is Rs 98,558.84 crore. On Tuesday, the Indian stock market closed with a huge fall. The Bombay Stock Exchange index Sensex was down 1.60 percent or 1235 points at 75,838. At the same time, the National Stock Exchange index Nifty closed at 23,024 with a decline of 1.37 percent or 320 points.
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