Zomato Q2 FY25 Outcomes: Zomato on Tuesday reported a consolidated internet revenue of Rs 176 crore for the July-September interval, marking a fall of 30.4 per cent in contrast with the earlier quarter.
Its second-quarter income stood at Rs 4,799 crore, translating to sequential progress of 14.1 per cent, in accordance with a regulatory submitting.
In accordance with Zee Enterprise analysis, Zomato was estimated to register a internet revenue of Rs 290 crore with income of Rs 4,720 crore for the quarter ended September 30.
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The meals supply firm’s board additionally accepted a proposal to lift as much as Rs 8,500 crore by way of a certified institutional placement of securities, topic to shareholders’ approval.
Zomato Share Value
Zomato shares ended weaker by Rs 9.5, or 3.6 per cent, at Rs 256.2 apiece on BSE moments after the earnings announcement.
On the present stage, Zomato shares have rewarded traders with a return of 135.6 per cent prior to now 12 months, sharply outperforming an nearly 27 per cent rally within the headline Nifty50 index.
Zomato shares entered the listed house in July 2021. As of October 22, Zomato shares command a premium of 237 per cent over the problem value of the corporate’s IPO.
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