Zomato Q2 Results: Net profit at Rs 36 crore, revenue up 71.5%; shares zoom
Zomato staged a strong quarterly performance on Friday, November 3.
Zomato on Friday reported a consolidated net profit of Rs 36 crore for the July-September period, as against a consolidated net loss of Rs 251 crore for the corresponding quarter a year ago. That marked a second back-to-back profitable quarter for the food delivery company.
Its revenue came in at Rs 2,848 crore for the second quarter of the current financial year, an increase of 71.5 per cent compared with the corresponding period a year ago, according to a regulatory filing.
Zomato shares added to their intraday gains after the earnings announcement, rising by as much as Rs 7, or 6.5 per cent, to Rs 114.5 apiece on BSE.
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In August, the company posted its first-ever quarterly profit, one quarter earlier than expected, helped by a tax gain and strong orders in its food and grocery delivery businesses.
(This story will be updated shortly)