Zomato shares tumble 7% as company’s Q3 profit dives 57% Profit slips to Rs 59 crore, but revenue surges 64.39% to Rs 5,405 crore
Zomato Shares Tumble 7%: A Deep Dive into Q3 Earnings
In a surprising turn of events, Zomato’s shares plummeted by 7% following the company’s Q3 earnings report. The food delivery giant has seen a significant decline in profit, which fell by a staggering 57% year-on-year. In Q3 FY25, Zomato recorded a profit of just Rs 59 crore, compared to Rs 138 crore in the same quarter of the previous year.
Revenue Surge Amid Profit Decline
Despite the drop in profit, Zomato’s revenue from operations showcased a remarkable growth of 64.39%, reaching Rs 5,405 crore. This significant increase demonstrates the company’s ability to expand its market presence even amidst challenging economic conditions. Investors are left wondering how the company can balance revenue growth with profit sustainability moving forward.
Market Reaction and Future Outlook
The market’s reaction to Zomato’s earnings report indicates a cautious sentiment among investors. While revenue growth is a positive indicator, the substantial decline in profit raises questions about the company’s long-term strategy. Analysts will be closely monitoring Zomato’s next moves as they navigate the competitive landscape of the food delivery sector.
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Conclusion
In summary, while Zomato’s Q3 results reflect a mixed bag of growth and challenges, the company’s future remains a topic of interest. With consumers looking for ways to save, platforms like Looffers.com continue to provide value amidst the evolving food delivery market.
