Amidst the fear of recession in America, the impact of the huge decline in the global market is also being seen on the Indian stock market today. But meanwhile, the rapid rise in the shares of Zomato continues. Zomato shares rose more than 19 percent on Friday to reach an all-time high of Rs 278.45. The total market capitalization (MCap) of the company has reached the level of Rs 2.46 lakh crore.
Shares of Zomato had closed at Rs 234.10 in the last trading session, taking its total valuation to Rs 2.06 lakh crore for the day. The company has added about Rs 40,000 crore to its mcap in just a few hours. Amidst this spectacular surge, the net worth of Zomato CEO and Shark Tank-fame Deepinder Goyal has increased 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. If seen accordingly, when Zomato shares were at the highest level of the day, Deepinder Goyal’s stake in the company was Rs 10,288 crore.
This company also got huge profit
Zomato is a company which has no promoter. Other major shareholders are Info Edge (India). It has earned around Rs 5,300 crore today as its total ownership in Zomato increased to Rs 33,265 crore. By the end of June 2024 quarter, it held 1,19,46,87,095 equity shares of the company.
The company made so much profit
Zomato released its June quarter results for the financial year 2025 on Thursday, under which the company has made record breaking profits. The company told the exchange that their profit has increased by 12550% in the first quarter of the current business 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. For this reason, a spectacular rise is visible in its shares today.
Great increase in revenue also
The company has made excellent EBITDA profits on an annual basis. The EBITDA of the company has reached Rs 177 crore as against the loss of Rs 48 crore in this quarter of last year. The company’s food delivery earnings have increased from Rs 186 crore to Rs 321 crore. At the same time, revenue has increased by more than 74 percent.