Zomato’s shares have plunged 17% over three sessions following its Q3 FY25 financial results announcement. While the company showcased impressive revenue growth, the decline in net profit raised concerns among investors.
The food delivery giant reported a 64.4% year-on-year jump in revenue from operations, reaching ₹5,405 crore in Q3 FY25, compared to ₹3,288 crore in the same period last year. Total income also surged by 61.3% to ₹5,657 crore. However, net profit took a hit, dropping 57.2% to ₹59 crore from ₹138 crore in Q3 FY24, despite Zomato’s focus on operational efficiency and market expansion.
Higher expenses contributed to the reduced profitability, with total expenses rising 63.5% to ₹5,533 crore. Investors appear wary of the cost pressures and profit decline, overshadowing the company’s robust revenue growth.
Today, Zomato’s stock opened at ₹207.15, reaching a high of ₹210.70 and a low of ₹203.85 during the day. The stock is significantly below its 52-week high of ₹304.70, reflecting a notable decline. On the other hand, it remains above its 52-week low of ₹127.00.
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