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Zomato Q2 results: Profit rises to Rs 36 crore
short by Jay Pandya / on Friday, 3 November, 2023
Zomato Ltd.'s second-quarter profit rose, marking the second consecutive profitable quarter on a consolidated basis. Net profit rose eighteenfold to Rs 36 crore in the quarter ended September, as compared with the Rs 13.8 crore consensus estimate of Bloomberg analysts. Shares of Zomato ended 9.5% higher at Rs 117.75 apiece on Friday.
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