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Zomato Q3 Profit Down 57.2% to Rs 59 Crore

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By Rediff Money Desk, New Delhi   Jan 20, 2025 15:49

Zomato's net profit declined to Rs 59 crore in Q3, down 57.2% year-on-year. Revenue increased to Rs 5,405 crore, but expenses also rose significantly.
Zomato Q3 Profit Down 57.2% to Rs 59 Crore
Photograph: Francis Mascarenhas/Reuters
New Delhi, Jan 20 (PTI) Food delivery major Zomato, which owns Blinkit, on Monday reported a 57.2 per cent decline in consolidated net profit to Rs 59 crore for the third quarter ended December.

The company had earned a net profit of Rs 138 crore in the same quarter a year ago.

The company's consolidated revenue from operations stood at Rs 5,405 crore, as against Rs 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 Rs 5,533 crore, from Rs 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 per cent at Rs 230.70 per share on the day's close at the BSE.
Source: PTI
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