Zomato Q2 Results: Profit skyrockets 388.9% to Rs 176 crore, continuous store additions putting pressure on margins

Food delivery major Zomato on Tuesday reported a profit surge of 388.9 per cent during the fiscal second quarter at Rs 176 crore in comparison to Rs 36 crore recorded during the corresponding quarter of previous fiscal year. It recorded revenue from operations at Rs 4799 crore, up 68.5 per cent as against Rs 2848 crore during the same period of FY24. The company EBITDA stood at Rs 226 crore Vs EBITDA loss of Rs 47 crore YoY.