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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 ...
19h
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 ...
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 ...
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 ...
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 ...
inc42
1d
Going Out Shines For Zomato In Q2, ‘District’ Launch In 4 Weeks
Foodtech major Zomato released its financial results for the second quarter (Q2) of the financial year 2024-25 (FY25) on ...
2d
on MSN
India's Zomato misses Q2 profit estimates as expansion costs hit margins
India's Zomato reported a smaller-than-expected rise in second-quarter profit on Tuesday, hurt by a drop in margins, as it ...
India Today
6h
Not a rumour: Zomato clarifies on platform fee hike, shares tumble 4%
In its statement, Zomato highlighted that the information about the fee hike was sourced directly from its public mobile ...
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