Zomato Shares Drop 12.78% After Q3 Results

Zomato shares plummeted 12.78% to INR 210.15 intraday on BSE, with the stock trading at INR 220.20 as of 12:20 PM

The foodtech major’s consolidated net profit declined 57.2% YoY to INR 59 Cr in Q3 FY25, and fell 66% QoQ from INR 176 Cr

Operating revenue surged 64% YoY to INR 5,405 Cr with consolidated adjusted EBITDA rising 120% YoY to INR 285 Cr, despite higher quick commerce losses

Shares of Zomato fell as much as 12.78% to INR 210.15 during intraday trading on the BSE today (January 21) after the company announced…