Zomato Shares Tank Over 8% After Q3 Profit Declines Zomato Shares Tank Over 8% After Q3 Profit Declines

With a drop in share prices, its market capitalisation declined to INR 2,21,909 Cr at 3:27 PM

In Q3 FY25, Zomato’s consolidated net profit slumped 57.2% to INR 59 Cr from INR 138 Cr in the year-ago quarter.

However, operating revenue surged over 64% to INR 5,405 Cr during the quarter under review from INR 3,288 Cr in the December quarter last year

Shares of Zomato plunged 8.02% to INR 228.80 on BSE after the listed foodtech major announced its financial results for the December 2024 quarter (Q3 FY25).

With a drop in share prices, its market capitalisation declined to INR 2,21,909 Cr at the time of writing this story (3:27 PM) with nearly 10 Cr shares of the company trading hands by then.

In Q3 FY25, Zomato’s consolidated net profit slumped 57.2% to INR 59 Cr from INR 138 Cr in the year-ago quarter. On a quarter on quarter basis, profit slumped 66% from INR 176 Cr.

However, operating revenue surged over 64% to INR 5,405 Cr during the quarter under review from INR 3,288 Cr in the December quarter last year.

On a year-to-date basis, the stock has plunged over 16.56% and 18.22% on a monthly basis.

Zomato’s shares opened the trading session today (January 20) at INR 248.75 apiece on BSE.

(The story will be updated soon)