Zomato Ltd Share Price – NSE  / BSE

E-Commerce/App based Aggregator, Mid Cap

The domestic equity benchmarks traded with minor gains in early trade. The Nifty traded above the 24,450 mark. IT, financial services and private bank stocks advanced while realty, oil & gas and PSU bank shares declined.

At 09:30 IST, the barometer index, the S&P BSE Sensex, added 68.35 points or 0.09% to 80,289.28. The Nifty 50 index rose 12.80 points or 0.05% to 24,484.90.

In the broader market, the S&P BSE Mid-Cap index rose 0.24% and the S&P BSE Small-Cap index added 0.17%.

The market breadth was positive. On the BSE, 1,550 shares rose and 1,347 shares fell. A total of 110 shares were unchanged.

Foreign portfolio investors (FPIs) sold shares worth Rs 3,978.61 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 5,869.06 crore in the Indian equity market on 22 October 2024, provisional data showed.

According to NSDL data, FPIs have sold shares worth over Rs 89,255.98 crore (so far) in the secondary market during October 2024. This follows their purchase of shares worth Rs 46,552.40 crore in September 2024.

Economy:

The International Monetary Fund (IMF) maintained its June growth rate projects for India in its latest World Economic Outlook (WEO). IMF stated that India is set to grow at 7% in the current fiscal year ending March 31, 2025 and 6.5% in the next fiscal year (FY2025-26).

Numbers to Track:

The yield on India's 10-year benchmark federal paper added 0.01% to 6.939 as compared with previous close 6.938.

In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 84.0725, compared with its close of 84.0800 during the previous trading session.

MCX Gold futures for 31 October 2024 settlement shed 0.03% to Rs 78,629.

The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.06% to 104.14.

The United States 10-year bond yield gained 0.24% to 4.232.

In the commodities market, Brent crude for December 2024 settlement lost 17 cents or 0.22% to $75.87 a barrel.

Stocks in Spotlight:

Zomato declined 3.63%. The company's consolidated net profit surged 388.89% to Rs 176 crore on 68.5% jump in revenue from operations to Rs 4,799 crore in Q2 FY25 over Q2 FY24. Gross order value (GOV) growth across the company’s B2C businesses improved to 55% YoY to Rs 17,670 crore in Q2 FY25.

Zensar Technologies slipped 2.36% after the company’s consolidated net profit declined 6.2% to Rs 156 crore in Q2 FY25 as compared with Rs 158 crore in Q2 FY24. Revenue rose 1.55% YoY to Rs 1,308 crore during the quarter.

Persistent Systems rallied 3.50% after the company reported 6.2% increase in consolidated net profit of Rs 325 crore during the quarter as compared with Rs 306 crore in Q2 FY24. Revenue jumped 5.84% YoY to Rs 2,897 crore during the quarter.

Global Markets:

The Dow Jones index futures were down 135 points, indicating a weak opening in the US stocks today.

Asian stocks traded mixed on Wednesday. However gains were capped as rising U.S. Treasury yields and the looming presidential election continued to weigh on investor sentiment.

Hong Kong's stock market led the region, buoyed by a strong debut from China Resources Beverage. Chinese equities also extended their recent rally following Beijing's stimulus measures, including a surprise interest rate cut by the People's Bank of China on Monday.

US stocks saw a flat overnight session. Mixed corporate earnings and the ongoing uncertainty surrounding the U.S. presidential election contributed to the cautious mood. At the close in NYSE, the Dow Jones Industrial Average declined 0.02%, while the S&P 500 index declined 0.05%, and the NASDAQ Composite index added 0.18%.

General Motors stock rose 10% after the company reported stronger-than-expected third-quarter earnings, driven by robust revenue growth and improved profitability.

Verizon stock fell 5% after the telecom giant reported mixed third-quarter results, with earnings slightly beating expectations but revenue falling short.

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Securities in F&O Ban:

Aarti Industries, Bandhan Bank, Birlasoft, Chambal Fertilizers and Chemicals , Gujarat Narmada Valley Fertilizers & Chemicals (GNFC), IEX, India Mart Intermesh, L&T Finance, Manappuram Finance, Piramal Enterprise, PNB, RBL bank, Sail.

Results Today:

Hindustan Unilever, Pidilite Industries, TVS Motor Company, United Spirits, Aster DM Healthcare, AU Small Finance Bank, Bajaj Finserv, Bajaj Holdings & Investment, Birla Corporation, Birlasoft, CARE Ratings, Craftsman Automation, Fedbank Financial Services, Fino Payments Bank, Godrej Properties, Heritage Foods, , IIFL Finance, Johnson Controls-Hitachi Air Conditioning India, KPIT Technologies, Karnataka Bank, Dr. Lal PathLabs, MAS Financial Services, Metro Brands, Piramal Enterprises,

Stocks to Watch:

Zomato’s consolidated net profit surged 388.89% to Rs 176 crore on 68.5% jump in revenue from operations to Rs 4,799 crore in Q2 FY25 over Q2 FY24. Gross order value (GOV) growth across the company’s B2C businesses improved to 55% YoY to Rs 17,670 crore in Q2 FY25.

Zensar Technologies’ consolidated net profit declined 6.2% to Rs 156 crore in Q2 FY25 as compared with Rs 158 crore in Q2 FY24. Revenue rose 1.55% YoY to Rs 1,308 crore during the quarter.

Persistent Systems reported 6.2% increase in consolidated net profit of Rs 325 crore during the quarter as compared with Rs 306 crore in Q2 FY24. Revenue jumped 5.84% YoY to Rs 2,897 crore during the quarter.

Amber Enterprises reported consolidated net profit of Rs 21 crore in Q2 FY25 as compared with net loss of Rs 5.7 crore in Q2 FY24. Revenue stood at Rs 1,685 crore in Q2 FY25, up 81.7% YoY.

Bajaj Finance reported 13.03% jump in consolidated net profit to Rs 4,014 crore in Q2 FY25, up 13.03% as compared with Rs 3,551 crore in Q2 FY24. Revenue increased 27.72% YoY to Rs 17,095 crore during the quarter. FY25 credit cost guidance hiked from 1.75- 1.85% to 2-2.5%.

Adani Green Energy’s consolidated net profit jumped 39% to Rs 515 crore in Q2 FY25 as compared with Rs 371 crore in Q2 FY24. Revenue increased 38% YoY to Rs 3,055 crore during the quarter ended 30 September 2024.

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Profit before tax (PBT) spurted to Rs 237 crore in Q2 FY25 as compared with Rs 21 crore posted in corresponding quarter last year.

Adjusted EBITDA stood at Rs 330 crore during the quarter , registering the growth of 289% as compared with Rs 41 crore in Q2 FY24.

Gross order value (GOV) growth across the company’s B2C businesses improved to 55% YoY to Rs 17,670 crore in Q2 FY25. On a like-for-like basis (excluding the impact of the acquisition of Paytm’s entertainment ticketing business) GOV growth was 53% YoY.

In food delivery business, GOV jumped 21.43% YoY to Rs 9,690 crore. Average monthly transacting customers increased 12.5% to 20.7 million in Q2 FY25 as against 18.4 million in Q2 FY24.

Revenue from quick commerce surged 129% to Rs 1,156 crore during the quarter as compared with Rs 505 crore posted in corresponding quarter last year. GOV jumped 25% YoY to Rs 6,132 crore in Q2 FY25.

In going-out business, revenue soared 214% to Rs 154 crore in Q2 Fy25 as compared with Rs 49 crore in Q2 FY24. GOV surged 171.11% to Rs 1,849 crore in Q2 FY25 as compared with Rs 682 crore in Q2 FY24.

The company’s B2B business, Hyperpure revenue grew 98% YoY in Q2 FY25.

Meanwhile, the company’s board has approved to raise funds worth Rs 8,500 crore by issue of equity shares through qualified institutional placement (QIP).

Further, the company’s board has also approved to subscribe up to 600 equity shares of Byondnxt Smart Home for a total purchase consideration of Rs 6,000 at price of Rs 10 per share.

Byondnxt is a B2C business which designs and manufactures innovative kitchen appliances and was set up by Eshwar Vikas, the founder of Mukunda Food, where Zomato owns around 16% stake on a fully diluted basis pursuant to its investment about three years ago (in January 2022). Mukunda on the other hand is a B2B business offering smart kitchen equipment to B2B customers such as restaurants.

Zomato connects customers, restaurant partners and delivery partners. Customers use Zomato to search and discover restaurants, read and write customer generated reviews and view and upload photos, order food delivery, book a table and make payments while dining-out at restaurants. On the other hand, it provides restaurant partners with industry-specific marketing tools which enable them to engage and acquire customers to grow their business while also providing a reliable and efficient last mile delivery service. The company also operates a one-stop procurement solution, Hyperpure, which supplies high quality ingredients and kitchen products to restaurant partners.

The counter fell 3.58% to settle at Rs 256.20 on the BSE.

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Net profit of Zomato rose 388.89% to Rs 176.00 crore in the quarter ended September 2024 as against Rs 36.00 crore during the previous quarter ended September 2023. Sales rose 68.50% to Rs 4799.00 crore in the quarter ended September 2024 as against Rs 2848.00 crore during the previous quarter ended September 2023.

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