Zomato share price fell 7% sharply post its Q4 results today in the last hour of trade, despite good numbers even of sequential basis. However, experts believe that the margin for the company missed analyst estimates, leading to the decline. An another analyst said that it could be possibly due to profit booking post the numbers. As of 3:15 PM, Zomato share price was at Rs 189.75, down Rs 11.55 or 5.7%.
Zomato’s Q4 net profit came in at Rs 175 crore against a loss of Rs 188 crore in the same period last year. Its revenue grew 73.2% YoY to Rs 3,562 crore against Rs 2,056 crore in the same period last year.
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Zomato