New Delhi, January 21, 2025.
Food delivery and quick commerce major Zomato reported a 57.24 per cent year-on-year (YoY) decline in the profit after tax (PAT) at Rs 59 crore for the third quarter ended December 2024 as against Rs 138 crore in the same period a year ago, primarily due to the ongoing store expansion.
It had reported a net profit of Rs 176 crore in the September quarter.
Zomato’s revenue from operations rose 64 percent YoY to Rs 5,405 crore in Q3, up from Rs 3,288 crore a year ago. It had reported a revenue of Rs 4,799 crore in the previous quarter.
