Last Updated on 02/08/2024 by wccexam Desk
Amid fears of recession in the US, the impact of the massive fall in the global market is also being seen on the Indian stock market today. But meanwhile, the shares of Zomato continue to rise rapidly. Zomato’s shares rose more than 19 percent on Friday to an all-time high of Rs 278.45. At the same time, the company’s total market capitalization (MCap) has reached Rs 2.46 lakh crore.
In the previous trading session, Zomato shares closed at Rs 234.10, with a total valuation of Rs 2.06 lakh crore for the day. The company has added nearly Rs 40,000 crore to its market cap in just a few hours. Amid this spectacular surge, Zomato CEO and Shark Tank-fame Deepinder Goyal’s net worth has jumped by more than Rs 1,638 crore.
He held 36,94,71,500 equity shares or 4.19 percent stake in the company as of June 30, 2024. In this way, when Zomato shares were at their highest level of the day, Deepinder Goyal’s stake in the company was Rs 10,288 crore.
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This company also got tremendous benefit
Zomato is a company that has no promoters. Among the other major shareholders, there is Info Edge (India). It has earned around Rs 5,300 crore today as its total ownership in Zomato increased to Rs 33,265 crore. It held 1,19,46,87,095 equity shares of the company as of the end of the June 2024 quarter.
The company made so much profit
Zomato released its June quarter results for FY 2025 on Thursday, under which the company has made record-breaking profits. The company told the exchange that its profit has increased by 12550% in the first quarter of the current financial year. The company’s profit has increased from Rs 2 crore to Rs 253 crore. The consolidated earnings of the company have increased from Rs 2416 crore to Rs 4206 crore annually. Due to this, its shares are seeing a great jump today.
There was also a great increase in revenue
The company’s EBITDA has shown a great profit on an annual basis. The company’s EBITDA has increased to Rs 177 crores as against a loss of Rs 48 crores in this quarter last year. The company’s food delivery income has increased from Rs 186 crores to Rs 321 crores. At the same time, the revenue has increased by more than 74 percent.
Source (PTI) (NDTV) (HINDUSTANTIMES)