which new-age tech stock posted a profit in the june quarter?

Zomato, the Indian food delivery platform, reported its first-ever net profit of ₹42.2 crore ($5.3 million) in the June quarter. This was a sharp improvement from the ₹371.4 crore loss it reported in the same quarter last year. Zomato's revenue grew by 84% year-over-year to ₹5,262 crore ($660 million).

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EaseMyTrip, the Indian travel booking platform, reported its first-ever net profit of ₹101.2 crore ($13 million) in the June quarter. This was a significant improvement from the ₹21.4 crore loss it reported in the same quarter last year. EaseMyTrip's revenue grew by 30% year-over-year to ₹1,550 crore ($200 million).

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Delhivery, the Indian logistics company, reported a net profit of ₹360 crore ($45 million) in the June quarter. This was a significant improvement from the ₹279 crore loss it reported in the same quarter last year. Delhivery's revenue grew by 44% year-over-year to ₹7,920 crore ($1 billion).

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These results are a positive sign for the Indian new-age tech sector. They suggest that these companies are becoming more efficient and are able to generate sustainable profits. This could lead to increased investor interest in these stocks.

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What's Next? These companies are likely to continue to grow in the coming quarters. Zomato is expanding its international operations, EaseMyTrip is launching new products and services, and Delhivery is investing in new technologies. These growth initiatives could further boost their profitability in the future.

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What's Next? Investors should carefully consider all of the risks involved before investing in new-age tech stocks.

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Cryptocurrency Trading In India 2023?

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