Shares of online food delivery firm Zomato Ltd zoomed nearly 11 per cent at the close on Friday, after the company reported its first-ever consolidated profit after tax of Rs 2 crore in the April-June quarter of 2023-24.

The stock climbed 10.68 per cent to settle at Rs 95.43 apiece on the BSE. During the day, it jumped 14.11 per cent to reach its 52-week high of Rs 98.39.

On the NSE, it advanced 10.16 per cent to end at Rs 95.35 per share. During the day, the stock rallied 13.69 per cent to its 52-week peak of Rs 98.40.

The company's market valuation gained Rs 7,901.43 crore to Rs 81,871.18 crore.

In volume terms, 141.06 lakh shares of the company were traded on the BSE and over 40.57 crore shares on the NSE during the day.

The company had posted a net loss of Rs 186 crore in the same quarter last fiscal, Zomato said in a regulatory filing on Thursday.

Consolidated revenue from operations in the first quarter of the current fiscal was at Rs 2,416 crore, as against Rs 1,414 crore in the year-ago period, it added.

Total expenses were higher at Rs 2,612 crore as compared to Rs 1,768 crore in the same quarter a year ago.

In a letter to shareholders, Zomato Managing Director & Chief Executive Officer (CEO) Deepinder Goyal said the company has been working hard to make its business less complex, and putting the right people at the right spots within its businesses.

He had said in May that the company was confident of achieving profitability for the entire business in the next four quarters.

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