Mumbai: Online food delivery giant Zomato Ltd reported a massive 389% year-on-year surge in consolidated net profit for the second quarter of FY25, reaching Rs 176 crore, media reports said.
This is a sharp increase from last year's Rs 36 crore profit reported in the same quarter.
However, compared to the previous quarter (Q1FY25), the company's net profit fell 30.43% from Rs 253 crore, according to a Mint report.
Zomato's revenue from operations for the July-September period stood at Rs 4,799 crore, marking a 68.5% increase from Rs 2,848 crore in Q2FY24. The company's consolidated total income for the quarter was Rs 5,020 crore, up 64% from Rs 3,060 crore in the same period last year, the report said.
Despite these strong financial results, Zomato's share price on the BSE dropped 3.58%, closing at Rs 256.20 on Tuesday, said the report.
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