Zomato's Q2 net soars 5x, firm to raise $1b via QIP to improve cash position

Zomato's Q2 net soars 5x, firm to raise $1b via QIP to improve cash position

FILE PHOTO: The app of Indian food delivery company Zomato is seen on a mobile phone above its logo displayed in this illustration picture taken July 14, 2021. REUTERS/Florence Lo/Illustration/File Photo

Indian food delivery platform Zomato on Tuesday reported a net profit of Rs 176 crore ($21 million) for the September quarter (Q2 FY 2025)—4.8 times the Rs 36 crore reported a year ago but 30% down from the Rs 253 crore reported in the June quarter.

Edited by: Pramod Mathew