Zomato shares in focus ahead of Q2FY25 earnings. Here's what to expect
Zomato are expected to be in focus on Tuesday when markets resume trading as the food delivery company will announce its Q2FY25 earnings later today.
The company is expected to post a whopping 585%-662% year-on-year jump in its September quarter net profit in the range of Rs 247 crore — Rs 274 crore, according to the estimates of a couple of top domestic brokerages.
Meanwhile, revenue may grow between 61% and 80% in the range of Rs 4,571 crore — Rs 5,111 crore, estimates by Nuvama Institutional Equities and ICICI Securities said.
On a sequential basis, revenue may jump by up to 9% and 22% while PAT could see a QoQ decline as per Nuvama though gaining by over 8% in ICICI Sec’s view.
Nuvama expects Zomato’s revenues to grow by 61% and 9% on a YoY and QoQ basis at Rs 4,571 crore while its core profit after tax (PAT) is pegged at Rs 247 crore which may be a whopping 585% uptick while a decline of 3% on a sequential basis on high base.
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