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HomeMarket NewsZomato Q3 Results Live Updates: Stock ends over 7% lower on food delivery slowdown, Blinkit losses
By CNBCTV18.COM | Jan 20, 2025 3:33 PM IST (Updated)
Revenue on an adjusted basis for the quarter increased by 64% from the same quarter last year to ₹5,405 crore. Analysts at Jefferies were projecting the revenue figure to grow 55% year-on-year. The Street is also awaiting management commentary on a whole host of aspects, including Blinkit, 15 minute food delivery, district app.
Food delivery and quick commerce aggregator Zomato Ltd. reported its December quarter results on Monday, January 20. The company reported a net profit of ₹59 crore for the October-December period. The figure though is lower compared to Jefferies' estimates of ₹91 crore. The company had reported a net profit of ₹138 crore during the base quarter.
However, revenue on an adjusted basis for the quarter increased by 64% from the same quarter last year to ₹5,405 crore. Analysts at Jefferies were projecting the revenue figure to grow 55% year-on-year. The Street is also awaiting management commentary on a whole host of aspects, including Blinkit, 15 minute food delivery, district app.
The stock has also given positive returns in the last one year, surging nearly 95%.
