Zomato Q3 FY25 Results: Net Profit Declines 57% to INR 59 Crore, Revenue Increases by 64% to INR 5,404 Crore in 3rd Quarter of This Fiscal Year

New Delhi, January 20:슬롯 머신 사이트 추천Online food delivery giant Zomato on Monday reported a 57 per cent decline in net profit (year-on-year) at Rs 59 crore in the third quarter (Q3) of FY25 -- from Rs 176 crore in the same period last fiscal. However, the revenue from operations rose by 64 per cent to Rs 5,404 crore in Q3. It was Rs 3,288 crore in the same period last year. The revenue of the Gurugram-based firm was Rs 4,799 crore in the Q2 of FY25.

Zomato reported an increase of 64 per cent in the company's expenses at Rs 5,533 crore in the third quarter. The quick commerce segment reported a 117 per cent increase in revenue. It stood at Rs 1,399 crore in Q3 as compared to Rs 644 crore in the same period last year. 슬롯사이트œAs we continue to bring forward store expansion, our networks may have to carry a greater load of under-utilised stores which will impact near-term profits in the next one or two quarters,슬롯사이트� said Zomato CFO Akshant Goyal.슬롯 머신 사이트 추천Wipro Share Price Today, January 20: Tech Company슬롯사이트™s Stock Jumps Over 8% After Q3 Earning.

These investments will, however, also likely result in gross operational value (GOV) growth remaining meaningfully above 100 per cent, at least for FY25 and FY26, he added. The company also informed shareholders about the progress and expansion plan, saying it is planning to launch 1,000 new Blinkit stores by December 2025. The shares of Zomato dropped by nearly 7 per cent in trading session on Monday. However, the stock traded in green before the steep decline.

According to Deepinder Goyal, Founder and CEO, the losses in our quick commerce business this quarter are largely on account of pulling forward the growth investments in the business that we would have otherwise made in a staggered manner over the next few quarters. 슬롯사이트œAs of now, it seems like we will get to our target of 2,000 stores by December 2025, much earlier than our previous guidance of December 2026,슬롯사이트� he noted.슬롯 머신 사이트 추천Paytm Q3 FY2025 Result: Fintech Major Revenue Surge by 10% at INR 1,828 Crore, PAT Improves by INR 208 Crore.

Quick commerce GOV grew 120 per cent YoY (27 per cent QoQ). 슬롯사이트œWe remain confident in the quality of the business that we are building in the midst of these investments 슬롯사이트� indicated by the robust margin profile for the more mature parts of the business, as well as continued strong customer retention,슬롯사이트� said Albinder Dhindsa, Founder and CEO, Blinkit.

(The above story first appeared on LatestLY on Jan 20, 2025 05:16 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).