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India's Zomato misses Q2 profit estimates
India's Zomato misses Q2 profit estimates as expansion costs squeeze margins
India's Zomato reported a smaller-than-expected rise in profit for the second quarter on Tuesday as margins took a hit from investments on growing "dark stores" used to fulfill online orders on its Blinkit quick commerce platform.
Business News LIVE Updates Today October 22, 2024: Zomato misses Q2 profit estimates, hurt by store expansion costs
Zomato reported a nearly five-fold profit increase to 1.76 billion rupees but missed forecasts. The firm is raising 85 billion rupees via shares a
Zomato's Q2 Net Profit Skyrockets Nearly 5 Times To ₹176 Cr But Misses Analysts' Estimates
Food delivery giant Zomato‘s posted its second-quarter results on Tuesday, which showed its profits skyrocketing by nearly 400%. What Happened: Zomato posted a net profit of ₹176 crore in the July to September period,
23h
on MSN
India’s Zomato to raise $1B ahead of rival Swiggy’s IPO
Zomato said on Tuesday its board had approved the company's proposal to raise $1 billion through a so-called qualified ...
1h
on MSN
Ordering Food On Zomato? Your Orders Just Got Pricier Amid Festive Season - Get Ready To Pay More Now
According to media reports, Zomatos main rival Swiggy offered shares valued at $448 million in its initial public offering, ...
1h
on MSN
Bad news for Zomato customers ahead of Diwali celebrations, food delivery to costs more now as platform increases fee to…
This fee helps us pay our bills to keep Zomato running. To maintain services during festive season, it has increased slightly ...
abp LIVE
1h
As Zomato Hikes Platform Fee To Rs 10, Here Are 8 Top Alternative Food Delivery Apps You Can Explore
If Zomato's Rs 10 platform fee feels a bit too much, you can check out other food delivery apps as well, from Homefoodi to ...
1h
Zomato hikes platform fee on food delivery amid festive season: Here's how much you will have to pay now
A notification on the app explained that the fee helps cover the company’s bills and maintain services during the busy season ...
15h
Zomato Q2 results: Net profit of Rs 176 crore recorded for September quarter
Zomato Ltd reported a significant increase in net profit to Rs 176 crore for Q2 2024, up from Rs 36 crore the previous year.
India Today on MSN
4h
Zomato shares recover after falling 5% after Q2 results. Should you buy?
Zomato shares faced volatility in early trade as they initially declined by nearly 5% due to profit booking a day after reporting its Q2FY25 results. However, Zomato’s share price rose to Rs 260.15 on ...
21h
Zomato CEO Deepinder Goyal set to raise Rs 8500 crore, says it is meant to...
Zomato has reported a consolidated net profit of Rs 176 crore in the second quarter ended on September 30, 2024.
newsbytesapp.com
21h
Zomato board approves ₹8,500 crore fundraise via QIP
Currently, Zomato's foreign holding is at 50.48%, with 5.25% under FDI and the rest under FII. The company's shares closed ...
33m
on MSN
Hyundai Motor India's shares jump 5% on second day, making up for dull debut
Retail investors were largely unenthusiastic about this IPO, subscribing only 0.5x to the offer. The issue sailed over and ...
21h
on MSN
India's Zomato misses Q2 profit estimates as expansion costs hit margins
India's Zomato reported a smaller-than-expected rise in second-quarter profit on Tuesday, hurt by a drop in margins, as it ...
2h
on MSN
Zomato-backed Shiprocket posts 21% increase in FY24 operating revenue
Shiprocket was operationally profitable on a cash basis in the first two quarters of the ongoing financial year, Goel said, ...
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