The profit after tax (PAT) of food aggregator platform Zomato jumped five times to ₹176 crore in the second quarter of financial year 2025 (Q2FY25) from ₹36 crore during the same period a year ago.
However, PAT was down 30 per cent from ₹253 crore in Q1FY25.
Zomato's revenue from operations rose 69 per cent year-on-year (Y-o-Y) to ₹4,799 crore in Q2, up from ₹2,848 crore a year ago. It had reported a revenue of ₹4,206 in the previous quarter.
The company has also received approval from its board of directors to raise up to ₹8,500 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 “decide the structure, form of issuance, price, discounts, terms and conditions” in due course.
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Denne historien er fra October 23, 2024-utgaven av Business Standard.
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