The profit after tax (PAT) of food aggregator platform Zomato jumped five times to â¹176 crore in the second quarter of financial year 2025 (Q2FY25) from â¹36 crore during the same period a year ago.
However, PAT was down 30 per cent from â¹253 crore in Q1FY25.
Zomato's revenue from operations rose 69 per cent year-on-year (Y-o-Y) to â¹4,799 crore in Q2, up from â¹2,848 crore a year ago. It had reported a revenue of â¹4,206 in the previous quarter.
The company has also received approval from its board of directors to raise up to â¹8,500 crore via a qualified institutional placement (QIP) of equity shares in a bid to strengthen its balance sheet. This will be the company's first fundraise since its stock market debut. Zomato will âdecide the structure, form of issuance, price, discounts, terms and conditionsâ in due course.
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