Zomato’s Stock Price Has Soared By More Than 5% Of Quarterly Earnings After June.
Zomato reported that as its dining out business was affected by Covid-19, the net loss for the June quarter of 2021 was 3.56 billion rupees, compared with a loss of 9.98 billion rupees in the same period last year.
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The operating income of newly listed companies in the first quarter of this fiscal year was Rs 8.44 billion, compared with Rs 2.66 billion in the same period last year.
This is the first quarterly earnings update for the largest food aggregator in the United States since its debut on the stock exchange last month. Last month, Zomato’s trading premium on the exchange was 53%, and subsequently achieved a market value of 1.08 billion rupees on the BSE.
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