Food aggregator platform Zomato announced a consolidated profit of Rs 176 crore for the second quarter of the financial year 2025 (Q2FY25), representing nearly a fivefold increase from Rs 36 crore in the same quarter last year. However, profits saw a sequential decline of 30 per cent compared to Rs 253 crore in Q1.
Zomato's revenue from operations surged 69 per cent year-on-year, reaching Rs 4,799 crore in Q2, up from Rs 2,848 crore a year earlier. This also marked an increase from Rs 4,206 crore reported in the previous quarter.
The company's total expenses rose to Rs 4,783 crore in the quarter ending September, up from Rs 4,203 in the previous quarter and Rs 3,039 in the same quarter last year.
On a consolidated basis, Zomato’s gross order value (GOV) across its business-to-consumer (B2C) verticals—including food delivery, quick commerce, and dining out—grew by 55 per cent year-on-year, reaching Rs 17,670 crore in Q2FY25.
“On the profitability front, consolidated adjusted earnings before interest, taxes, depreciation, and amortisation (Ebitda) increased by Rs 289 crore Y-o-Y to Rs 330 crore in Q2FY25, driven by improvement in margins across all our businesses,” Akshant Goyal, chief financial officer (CFO), Zomato, said in a letter to shareholders.
Zomato's cash balance decreased by Rs 1,726 crore compared to the previous quarter, primarily due to the Rs 2,014 crore deal for acquiring Paytm's entertainment ticketing business. The company has obtained approval from its board of directors to raise up to Rs 8,500 crore through a qualified institutional placement (QIP) of equity shares.
“For the purpose of giving effect to the above proposed issuance of equity shares, the Board has constituted and authorised the fundraising committee of the Board to decide the structure, form of issuance, price, discounts, terms and conditions thereof and all other matters related thereto,” the company said in a regulatory filing.