Zomato Q2 FY25 Results: Zomato on Tuesday reported a consolidated profit of Rs 176 crore for the July-September period, marking a decline of 30.4 percent compared to the previous quarter.
Revenue for the second quarter stood at Rs 4,799 crore, translating to a sequential growth of 14.1 percent, according to an official filing.
According to research by Zee Business, Zomato is estimated to register a profit of Rs 290 crore on revenue of Rs 4,720 crore for the quarter ended September 30.
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The board of the food delivery company has also approved a proposal to raise capital up to Rs 8,500 crore through placement of suitable securities institutions, subject to shareholders’ approval.
Zomato Share Price
Shares of Zomato ended weaker by Rs 9.5, or 3.6 percent, at Rs 256.2 apiece in BSE sessions after the earnings announcement.
At current levels, Zomato shares have rewarded investors with a return of 135.6 percent over the past year, outperforming the nearly 27 percent rally in the headline Nifty50 index.
Zomato shares will enter the listing space in July 2021. As of October 22, Zomato shares are commanding a 237 percent premium over the company’s IPO issue price.
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