Zomato Q3 Results: The popularity of online food delivery platform Zomato seems to be coming to an end. The company has suffered huge losses in the quarter ending October-December. In such a situation, the question is being raised whether people have stopped ordering food online from Zomato, due to which the company's losses are increasing? Actually, Zomato has presented its quarterly results. Zomato's profit in the third quarter of the current financial year 2024-25 declined by more than 57% compared to the previous quarter to only ₹ 59 crore. Let us know how the company's results were and the reasons behind the loss...

How were the results?

Zomato has released the results for the quarter October-December 2024. Zomato's revenue has increased by 64% in the third quarter. Zomato has made a profit of Rs 59 crore in the third quarter of the financial year 2024-25. However, it has declined by 57% on an annual basis. In the same quarter a year ago, the company had made a consolidated profit of Rs 138 crore. Earlier, in the third quarter of the financial year 2023-24, Zomato had generated a revenue of Rs 3,288 crore.

If we look at the quarter-by-quarter results, the company has made 66.47% less profit in the third quarter as compared to the second quarter. The company had made a profit of Rs 176 crore in July-September 2024.

share status

But investors did not like these results at all. This is because the company's shares fell rapidly after the announcement of quarterly results. Today also on Tuesday a decline of more than 7 percent is being seen in the stock. Due to this decline, the market cap of the company has also reached Rs 1.96 lakh crore.