Shares of Zomato rose by almost 3% after the food delivery firm reported a lesser quarterly loss in Q4FY23. Zomato’s loss of INR 188 crore in the three month period ending in March is a significant improvement from the INR 360 crore reported in the same period the previous year. Meanwhile, consolidated revenue increased by 70% YoY to INR 2,056 crore, and revenue for FY23 was up 69% to INR 7,079 crore. While Nomura holds a “reduce” stance on the stock, brokerages Emkay and Goldman Sachs have maintained a “buy” on Zomato.
Kalyan Jewellers Q2 Results: Net profit jumps 64% YoY to Rs 427 crore, revenue rises 31%
Kalyan Jewellers reported a 63.6% YoY rise in consolidated net profit to Rs 427 crore in Q2FY27, while revenue grew 31.4% to Rs 10,323 crore.