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.
Bu hikaye Business Standard dergisinin October 23, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Business Standard dergisinin October 23, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
Reciprocal tariffs' may complicate US duty rate structure
The immediate reaction to the Trump-Modi meet in Washington is one of relief that any proposals for imposition of India-specific tariffs by the United States are on hold for the moment.
Deposit insurance offers silver lining
Customers pin hopes on 5 lakh insurance payout as RBI freezes withdrawals
TAKEOVER TANGLE
The eventful battle for Religare tests Sebi's Takeover Code
Punjabi speakers lead Indian asylum claims at US border
Study attributes the surge in Indian asylum seekers in the US to better opportunities overseas, pointing out that stricter policies may strain ties between two countries. ARCHIS MOHAN analyses
Foreign firms' tax burden hits record low in India
Corporation tax cuts, GST reforms, compliance measures behind decline in tax outgo
Women, welfare, rural schemes: Budget sets tone for Bengal polls
While Mamata Banerjee's party has started laying the groundwork to secure a fourth consecutive term in 2026, the BJP hopes to ride on its recent electoral successes. ISHITA AYAN DUTT writes
Dubious history of the presidential pardon
When it comes to pardons, presidents are kings,\" the legal journalist Jeffrey Toobin writes in his new book, The Pardon: The Politics of Presidential Mercy.
GenAI to Become Immersive Across Our Businesses
US investment bank Goldman Sachs was an early mover in India's technology ecosystem, setting up an office in Bengaluru in 2004 for IT and back-office support. In two decades, its operations have grown to cover a wide range of banking functions. GUNJAN SAMTANI, co-chairman of Goldman Sachs, India, and country head of Goldman Sachs Services India, spoke with Avik Das in Bengaluru about Indian engineers and Generative AI (GenAI) in banking. Edited excerpts:
One small step for AI, one giant leap likely for India's footwear market
Reebok co-founder in talks with factories in India to manufacture curated footwear
AI Triggering Shift in HR Depts of Firms
Artificial Intelligence (AI), while reshaping workplaces and redefining efficiency, is also changing the organisations' human resources departments. From recruitment to lead generation and real-time performance audits, companies are fast-tracking AI adoption to streamline core human resource functions.
