Zomato Q2 FY25 Results: Net profit down 30% sequentially at Rs 176 crore, misses Street estimates

Zomato Q2 FY25 Results: Zomato on Tuesday reported a consolidated net profit of Rs 176 crore for the July-September period, marking a fall of 30.4 per cent compared with the previous quarter. 

Its second-quarter revenue stood at Rs 4,799 crore, translating to sequential growth of 14.1 per cent, according to a regulatory filing.

According to Zee Business research, Zomato was estimated to register a net profit of Rs 290 crore with revenue of Rs 4,720 crore for the quarter ended September 30.

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The food delivery company's board also approved a proposal to raise up to Rs 8,500 crore through a qualified institutional placement of securities, subject to shareholders' approval.

Zomato Share Price 

Zomato shares ended weaker by Rs 9.5, or 3.6 per cent, at Rs 256.2 apiece on BSE moments after the earnings announcement.

At the current level, Zomato shares have rewarded investors with a return of 135.6 per cent in the past year, sharply outperforming an almost 27 per cent rally in the headline Nifty50 index. 

Zomato shares entered the listed space in July 2021. As of October 22, Zomato shares command a premium of 237 per cent over the issue price of the company's IPO. 

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