The food aggregator Zomato reported in an exchange filing on Monday, that its net profit for the quarter ending December 2024 fell 57.2 per cent to Rs 59 crore. The profit after tax for the previous year was Rs 138 crore.
Compared to Rs 3,288 crore in the same period last fiscal year, revenue from operations climbed 64.38 per cent to Rs 5,405 crore in Q3 FY25.
The food delivery Adjusted EBITDA margin improved to 4.3 per cent of Gross Order Value (GOV) from 3.0 per cent a year earlier, which was the main driver of Zomato’s reported 128 per cent year-over-year (Y-o-Y) growth in consolidated Adjusted Ebitda (earnings before interest, taxes, depreciation, and amortisation) to Rs 285 crore in Q3 FY25.
Segment wise business growth
Zomato’s food ordering and delivery business generated the most revenue from operations, according to external customers. This segment saw a 21.6 per cent increase in revenue from Rs 1,704 crore to Rs 2,072 crore in the third quarter.
In Q3 FY25, Quick Commerce reported a twofold increase in revenue, generating Rs 1,399 crore as opposed to Rs 644 crore in Q3 FY24.
Revenue from Zomato’s ‘Going Out’ segment, on the other hand, nearly tripled to Rs 259 crore from Rs 73 crore in the same period the previous year.
Blinkit Q3 FY25
Zomato’s quick commerce division, Blinkit, reported a 117.23 per cent increase in operating revenue to Rs 1,399 crore from Rs 644 crore the previous year.
However, in the most recent October-December quarter, Blinkit reported a net loss of 103 crore. Zomato’s quick commerce division, Blinkit, reported a 117.23 per cent increase in operating revenue to Rs 1,399 crore from Rs 644 crore the previous year.
However, in the most recent October-December quarter, Blinkit reported a net loss of 103 crore.
Share performance
Zomato’s earnings were released in final minutes of trading session, the shares of zomato went into a downward spiral after earning were made public. The shares nose dived over 7 per cent on NSE in the last trading session.
