Zomato Stock Crash 9 Percent after Weak Q3 Result
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Zomato Stock Crash almost 9% today after reporting weak Q3 Results. Zomato Reported 59 Crores Net Profit which Declined 59% Year-on-year and quarter-on-quarter (QoQ) basis, net profit fell by 66%. However, Zomato Reported Highest Quarterly Revenue. The company’s revenue from operations grew by 64% YoY to ₹5,405 crore from ₹3,288 crore in the same period of the previous year.
Here is the Segment Wise Revenue:
- Food Delivery: 2072 Crores
- Hyperpure: 1671 Crores
- Blinkit: 1399 Crores
- District: 259 Crores
- Others: 4 Crores
Zomato is aiming to launch 1,000 new Blinkit stores by December 2025.