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India's Zomato misses Q2 profit estimates
India's Zomato misses Q2 profit estimates as expansion costs squeeze margins
India's Zomato reported a smaller-than-expected rise in profit for the second quarter on Tuesday as margins took a hit from investments on growing "dark stores" used to fulfill online orders on its Blinkit quick commerce platform.
Zomato Shares Plunge 4% As Q2 Profit Misses Street Estimates: Why Analysts Remain Strongly Bullish
Shares of food delivery firm Zomato tanked over 4% on Wednesday after the company’s second quarter net profit, despite increasing multifold, failed to meet analysts’ expectations. What Happened: Zomato’s net profit zoomed by 390% to ₹176 crore in the July to September period,
Business News LIVE Updates Today October 22, 2024: Zomato misses Q2 profit estimates, hurt by store expansion costs
Zomato reported a nearly five-fold profit increase to 1.76 billion rupees but missed forecasts. The firm is raising 85 billion rupees via shares a
1d
Zomato Q2 Results: Net profit jumps 389% YoY, board approves fund raising up to ₹8,500 crore via QIP | Key Highlights
Zomato Ltd reported a 389% rise in Q2FY25 net profit to ₹176 crore, up from ₹36 crore last year. Revenue reached ₹4,799 crore ...
thetechportal.com
2d
Zomato posts strong Q2’25 numbers, uptick in net profit and revenues
Zomato announced its Q2 2025 numbers today, for the quarter ending September 2024, with surge in profits and revenue alike.
inc42
1d
Zomato Jumps 3% After Upbeat Q2 Show
Shares of foodtech major Zomato surged as much as 4.6% to INR 268 during the intraday trading on the BSE on Wednesday ...
1d
on MSN
Zomato Q2 results preview: PAT likely to rise multifold, revenue to surge 63%, say analysts
According to experts, food delivery giant Zomato is anticipated to report a significant increase in both revenue and net ...
The Financial Express
1d
Zomato delivers in Q2: Brokerage firms bet big on Blinkit, say building war-chest to deter competitors, fund further expansion
The fundraise despite having a strong balance sheet, per Deepinder Goyal, CEO of Zomato, is needed to enhance cash balance ...
ABP Live on MSN
1d
Zomato Q2 Results: Profit Surges 5x, Revenue Jumps 69 Percent In FY25
The company's total expenses rose to Rs 4,783 crore in the quarter ending September, up from Rs 4,203 in the previous quarter ...
2d
Zomato Q2 results: Profit rises 5x to Rs 176 crore, revenue up 69%
The company has also received approval from its board of directors to raise up to Rs 8,500 crore via QIP of equity shares ...
inc42
4h
Zomato Hikes Platform Fee To INR 10 Amid Festive Rush Zomato Hikes Platform Fee To INR 10 Amid Festive Rush
Zomato said, "This fee helps us pay our bills to keep Zomato running. To maintain services during festive season, it has ...
Outlook Business
2d
Zomato's Q2 FY25 Net Profit Jumps to Rs 176 Crore, Up 389% from Last Year
The company's board has approved a Rs 8,500 crore fundraising plan via a qualified institutional placement (QIP) of equity ...
2d
on MSN
India's Zomato misses Q2 profit estimates, hurt by store expansion costs
Indian food and grocery delivery firm Zomato reported a smaller-than-expected rise in second-quarter profit on Tuesday as the ...
16h
Zomato had many positives in Q2. A fundraising plan overshadowed them all.
Growth rates were in line with management’s guidance, but the Street was more intrigued by the board’s sudden approval of a ...
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