Zomato Ltd reported a consolidated net profit of Rs 138 crore in the third quarter ended December 31, 2023, on the back of accelerated growth of quick commerce and steady performance of its core business.
With this approval, the Deepinder Goyal-led platform has now joined the likes of Tata Pay, Razorpay and Cashfree in getting the much-awaited approval from India's central bank.
Zomato share price: The stock dived 5.13 per cent to hit a day low price of Rs 126.70. At this price, the scrip has fallen 10.49 per cent from its one-year high of Rs 141.55, a level seen during last Friday's trading session.
The show cause notice, Zomato said, requires the company to show cause as to why an alleged tax liability of Rs 401.70 crore along with interest and penalty should not be demanded from the company.
Zomato share price: The stock today plunged 5 per cent to hit a day low price of Rs 120.70. At this price, the scrip has slipped 8.39 per cent from its one-year high of Rs 131.75, a level seen this month on December 19. Despite the mentioned fall, the multibagger counter has gained 172.15 per cent from its 52-week low of Rs 44.35, hit on January 25 earlier this year.