Indian food and grocery delivery firm Zomato reported a smaller-than-expected rise in second-quarter profit on Tuesday as the company added more new stores, which weighed on margins. Its consolidated net profit rose to Rs 176 crore ($20.94 million) in the quarter ended Sept. 30, from Rs 36 crore a year earlier.

Zomato reported a significant 389% rise in consolidated net profit to Rs 176 crore in Q2, driven by food delivery margins and near break-even quick commerce business. Revenue surged by 68% YoY to Rs 4,

In a letter to the shareholders, the management of Zomato said that it has approved raising funds to strengthen its balance sheet.

Jio Financial Services declared their Q2 results on October 18, 2024, showcasing a robust performance amidst a challenging market. The company reported a topline increase of 9.47% year-over-year (YoY),

JFSL's total expenses for the quarter also saw a sharp rise, increasing by 84.08 per cent to INR 146.07 crore in Q2, up from INR 79.35 crore in Q1.

The quarterly results were announced post-market hours today. Earlier in the day, shares of JFS settled 0.39 per cent higher at Rs 330.55. At this price, it has gained 40.90 per cent in 2024 so far.

"The final approval for registration will be granted by SEBI subject to fulfilment by the Company and BlackRock of the requirements set out in the said letter," Jio Financial Serv