Zomato Q2 Results : Food delivery aggregator Zomato Ltd announced its September quarter results on Tuesday (October 22). The company posted a net profit for the fifth consecutive quarter. Zomato reported a profit after tax (PAT) of Rs 176 crore for the quarter ended September 30, 2024. Zomato's profit after tax (PAT) was Rs 36 crore in the same period a year ago. This represents a year-on-year growth of 388.88 percent. However sequentially, PAT declined 30.4 per cent from Rs 253 crore reported in Q1 FY25.

However, this figure is lower than Jefferies' estimate of Rs 245.3 crore. The company had reported a net profit of Rs 36 crore during the base quarter. Revenue on an adjusted basis for the quarter also grew 69% to Rs 4,799 crore from the same quarter last year. Jefferies analysts were estimating a revenue figure of Rs 5,042.7 crore.

Revenue from operations

• The food ordering and delivery segment posted revenue of Rs 2,012 crore against Rs 1,546 crore.
• Hyperpure segment revenue nearly doubled to Rs 1,473 crore from Rs 745 crore last year.
• The quick commerce segment attracted revenue of Rs 1,156 crore, compared to Rs 505 crore in the previous year.
• Revenue from the going out category stood at Rs 154 crore compared to Rs 49 crore.
• All other segments reported Rs 4 crore as against Rs 3 crore last year.

Profit

• The food ordering and delivery category reported a profit of Rs 349 crore against Rs 210 crore.
• Hyperpure's loss narrowed to Rs 12 crore from Rs 28 crore.
• The Quick Commerce segment posted a profit of Rs 48 crore as against a loss of Rs 94 crore in the same period last year.
• The going-out category earned a profit of Rs 18 crore against Rs 2 crore.
• All other segments recorded a profit of Rs 2 crore as against a loss of Rs 5 crore in the previous year.

Zomato's earnings before interest, tax, depreciation, and amortization stood at Rs 226 crore compared to an EBITDA loss of Rs 47 crore in the previous year, but it was lower than Jefferies' estimate of Rs 318.5 crore. EBITDA margin for the quarter stood at 4.7%. On an adjusted basis, it increased to Rs 330 crore from Rs 41 crore in the previous year.