Zomato Q2 Net Profit: Strong jump in Zomato's earnings, know how many hundred crores of rupees it earned…

Zomato Q2 Net Profit: Food delivery company Zomato's profit in the July-September quarter has increased by 388% on an annual basis to Rs 176 crore. The company's consolidated net profit in the same quarter a year ago was Rs 36 crore.

Zomato has released the results for the second quarter of the financial year 2024-25. The company's revenue increased by 68.50% to Rs 4,799 crore in the second quarter. Revenue in the same quarter a year ago was Rs 2,848 crore.

Zomato Q2 Net Profit: Zomato gave returns of 135.58% in one year

Zomato shares fell 3.44% today and closed at Rs 256.55. The company's shares have increased by 32.69% in the last 6 months. At the same time, the company's shares have given a return of 135.58% in the last one year. The market cap of the company is Rs 2.23 lakh crore.

Consolidated profit means performance of the entire group

The results of companies come in two parts – standalone and consolidated. Standalone reports show the financial performance of just one entity, while consolidated financial reports report on the entire company.

Here, Zomato has 28 subsidiaries, 1 trust and 1 associate company including Blinkit. The financial reports of all these will be called consolidated. Whereas, if the results of Blinkit are given separately then they will be called standalone.

Deepinder created Foodiebay in 2008, then changed the name to Zomato

Deepinder Goyal and Pankaj Chaddha together launched their food directory website named Foodibay in the year 2008. In just nine months, Foodibay became the largest restaurant directory in Delhi NCR.

After two successful years, the company was renamed Zomato in 2010. Soon after its success in Delhi-NCR, the company started expanding its branches in cities like Pune, Ahmedabad, Bengaluru, Chennai and Hyderabad.

By 2012, Zomato started expanding overseas by expanding its services to Sri Lanka, UAE, Qatar, South Africa, UK and Philippines. In 2013, New Zealand, Turkey and Brazil were added to the list.

Zomato is the country's first foodtech unicorn. Startups valued at more than $1 billion are called unicorns. Zomato reports profit of Rs 2 crore for the first time in Q1FY24.