Zomato shares jump nearly 11% after June quarter earnings

NEW SELHI: Shares of on-line meals supply platform Zomato on Tuesday jumped practically 11 per cent after the corporate’s consolidated web loss within the first quarter of the present monetary yr nearly halved. The inventory climbed 10.67 per cent to Rs 51.80 on the BSE. On the NSE, it zoomed 10.79 per cent to Rs 51.30.
Zomato on Monday stated its consolidated web loss within the first quarter of the present monetary yr nearly halved to Rs 186 crore on account of increased earnings.
The corporate had reported a web lack of Rs 360.7 crore within the year-ago interval.
Through the quarter beneath evaluation, the corporate’s whole earnings rose to Rs 1,582 crore towards Rs 916.6 crore within the corresponding interval of final yr.