Lights, camera, Zomato!!
The blockbuster culinary sensation has pulled off a reel-worthy performance, leaving even the most seasoned critics craving more. On August 3, the stage was set for a financial masterpiece, as Zomato unveiled a net profit of Rs 2 crore in the opening act of the current financial year. Meanwhile, the box office revenues danced their way to Rs 2,416 crore, a staggering 70.9 percent jump from the previous year – talk about a comeback story that even Raj and Simran would applaud!
Rewind to the dramatic scene from last year, where Zomato was battling a net loss of Rs 186 crore. But oh, what a difference a year makes! This time, Zomato took the stage like a seasoned Bollywood hero, leaving the audience in awe with its newfound financial prowess.
And speaking of a twist in the plot, this turnaround comes just as new-age companies are navigating one of the chilliest funding winters in recent memory.
Imagine Zomato striding through a snowstorm, unfazed and ready to win the profitability trophy! But hold onto your popcorn, folks, because Zomato isn't just stopping at one victory. It's set its sights on maintaining its winning streak and dancing to the beats of profit for the foreseeable future. In a dialogue worthy of a Shah Rukh Khan monologue, Akshant Goyal, the CFO of Zomato, exclaimed, "We expect our business to remain profitable going forward." Bravo, Zomato, bravo!
In a move reminiscent of a classic hero's journey, Zomato's stock price has risen from the ashes, much like the phoenix itself. After a year of being on the receiving end of market uncertainty and a rollercoaster of investor emotions, the stock regained its swagger, inching its way to the upper echelons of the initial public offering at Rs 76. Cue the triumphant background music – it's a comeback tale that would make any film director proud!
As the final curtain falls, Zomato's stock price closes at Rs 86.45, a 1.83 percent rise from the previous close. The audience erupts into applause, and Zomato takes a bow, proving that with the right recipe of determination, innovation, and a dash of Bollywood-style flair, even the most challenging financial storyline can have a blockbuster ending. 🎥🍕💃 #ZomatoCinematicProfit"
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