Street likes growth over profitability, retains a buy on Zomato post Q2 numbers

Brokerages maintained buy ratings on Zomato after its September quarter results. Zomato's net loss widened to Rs 429.6 crore during the quarter ended September but revenue from operations more than doubled to Rs 1,024 crore. Zomato's loss in the year-ago quarter was Rs 229.6 crore and Rs 356.2 crore in the quarter ended June 30. Shares of Zomato ended up 3.7% at Rs 140.8.

via Economictimes

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