Zomato’s Q3 net profit declines 57.2% to ₹59 crore
The Hindu
Zomato reports 57.2% decline in net profit to ₹59 crore for Q3, with shares down 7.26% at BSE.
Food delivery major Zomato, which owns Blinkit, on Monday (January 20, 2025) reported a 57.2% decline in consolidated net profit to ₹59 crore for the third quarter ended December.
The company had earned a net profit of ₹138 crore in the same quarter a year ago.
The company's consolidated revenue from operations stood at ₹5,405 crore, as against ₹3,288 crore in the corresponding October-December quarter of the previous financial year.
However, during the quarter under review, Zomato's total expenses also shot up to ₹5,533 crore, from ₹3,383 crore in the corresponding period of 2023-24.
The revenue reporting segments for the Group include India food ordering and delivery; Hyperpure supplies (B2B business); Quick commerce; Going out; and All other segments (residual).
Zomato's shares were down 7.26% at ₹230.70 per share on the day's close at the BSE.
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