Zomato Ltd's Q3 FY25 net profit fell more than 57 percent year-on-year to Rs 59 crore, even as the food delivery firm's revenue for the quarter expanded 64 percent from the previous year.
Zomato is expected to report strong Q3FY25 growth, with a 66% YoY revenue increase, driven by food delivery and Blinkit’s expansion. Blinkit revenues are projected to surge 110% YoY due to store ...
Results: Food delivery company Zomato on Monday reported a 57% fall in its December quarter consolidated net profit at Rs 59 crore versus Rs 138 crore reported in the year ago period. The revenue from ...
The shares of the food delivery platform witnessed a sharp plunge of over 10% on Tuesday as investor sentiment dampened after the Q3 results ...
Zomato share price dropped over 9% following a 57.2% decline in Q3 net profit to ₹59 crore. The company reported a revenue of ...
India's Zomato reported a smaller-than-expected third-quarter profit on Monday as its margins continue to face pressure from high spending on opening more centres to fulfil orders at its quick ...
Zomato shares dropped 9% after reporting a 57% decline in net profit for Q3FY25. Despite higher revenue, profitability was impacted due to a slowdown in food delivery demand. Analysts have mixed ...
Zomato’s stock has slumped over 15% this week. Zomato reported a 57% decline in its consolidated net profit for the December quarter, posting ₹59 crore compared to ₹138 crore in the same period last ...
Jan 20 (Reuters) - Indian food delivery major Zomato's (ZOMT.NS), opens new tab third-quarter profit more than halved on Monday, as rising competition in the quick commerce space and increased ...
Zomato Q3 Results: Deepinder Goyal-led food delivery app and hyperlocal quick commerce giant’s reported a drop of 57 per cent in net profit to ₹57 crore in the December quarter (iStock photo ...
Zomato's shares were down 7.26 per cent at Rs 230.70 per share on the day's close at the BSE.
While the company reported impressive revenue growth, the profitability faced challenges. Zomato attributed the dip in profit to higher investments aimed at quickening the pace of store openings and ...