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HomeMarket NewsZomato Q3 Results Live Updates: Stock falls after net profit drops from last year
By CNBCTV18.COM | Jan 20, 2025 3:10 PM IST (Updated)
Adjusted revenue for the December quarter will likely grow 55% year-on-year, according to global brokerage firm Jefferies, while net profit is seen at ₹91 crore as against ₹138 crore in the same period a year ago. The Street will also await 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. Adjusted revenue for the quarter was expected to grow 55% year-on-year, according to global brokerage firm Jefferies, while net profit is seen at ₹91 crore as against ₹138 crore in the same period a year ago. The Street will also await 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%.
