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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.
Zomato misses Q2 profit estimates, hurt by store expansion costs
Zomato plans to raise 85 billion rupees through share issuance and aims for 2,000 stores by 2026 amid increasing competition in the food delivery market.
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,
Paytm, India
India's Paytm Posts First-Ever Quarterly Profit on Gain From Ticketing Business Sale
(Reuters) - India's Paytm reported its first-ever quarterly profit since listing, helped by a one-time gain from the sale of its entertainment ticketing business to Zomato.
India's Paytm posts narrower Q/Q loss before exceptional item on payments business recovery
India's Paytm reported a narrower sequential quarterly loss before exceptional items on Tuesday, as its digital payments business recovers from the central bank-ordered winding down of its banking unit earlier this year.
Paytm Posts ₹930 Cr Profit On The Back Of Ticketing Business Sale To Zomato, Revenue Slumps 34%
One 97 Communications, the parent firm of Paytm reported its second-quarter results on Tuesday following which shares dived by nearly 4%. What Happened: The fintech giant posted a 34% decrease in operational revenue to ₹1,
20h
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 ...
India Today on MSN
1h
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 ...
18h
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.
Outlook Business
19h
Zomato's Q2 FY25 Net Profit Jumps to Rs 176 Crore, Up 389% from Last Year
The company's board has approved a Rs 8,500 crore fundraising plan via a qualified institutional placement (QIP) of equity ...
newsbytesapp.com
18h
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 ...
21h
Zomato faces backlash over 'Analogue Paneer' predicament; what is it?
Zomato faces backlash for selling "Analogue" paneer, a synthetic and less nutritious alternative, to restaurants via its ...
1d
on MSN
Zomato under fire for selling ‘analogue paneer’ to restaurants: What is this fake cheese?
Zomato is facing backlash for selling ‘fake paneer’ to restaurants through its B2B business service, Zomato Hyperpure ...
18h
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 ...
3h
Hot Stocks: Brokerage view on Paytm, Zomato and Bajaj Finance
Nuvama has maintained a 'buy' rating on Zomato, raising the target price to Rs 325, citing growth momentum and faster Blinkit ...
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