Zomato, Suzlon, PNB, Shakti Pumps: These 120 firms posted over 100% jump in profit in Q1. Should you buy?

 Zomato, Suzlon, PNB, Shakti Pumps: These 120 firms posted over 100% jump in profit in Q1. Should you buy?

If stock prices are slaves to earnings in the long run then it makes sense on Dalal Street to look for a company that has reported robust financial results for the quarter ended June 30.

Among the well-known names on the list, the net profit of food delivery aggregator Zomato climbed manifold to Rs 253 crore during the quarter under review. It reported a profit of Rs 2 crore in the corresponding quarter last year.




According to Emkay Global Financial Services, Zomato once again churned out impressive results, with all segments registering healthy growth. For food delivery, the management sees gross order value growth sustaining at over 20% in the near term, slightly lower than in the last few quarters. Blinkit’s stellar growth is complemented by continued improvements in profitability, where it sustained adjusted EBITDA breakeven despite investing in new stores. The management now targets a store count of 2,000 for Blinkit by 2026, as it continues its expansion spree for seizing market opportunities.

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