Zomato Q3 Results: Profit dips significantly to Rs 59 crore on continued store expansion, revenue up 64.39% YoY

Zomato on Monday recorded fiscal third quarter earnings with profit recording a significant drop of 57.25 per cent to Rs 59 crore, primarily due to the ongoing store expansion. The company had posted profit at Rs 138 crore recorded during the third quarter of previous financial year. Zomato said that its margins continued to face pressure from increased spending on opening more centres to fulfill orders at its Blinkit platform. The food delivery company posted revenue from operations at Rs 5405 crore, up 64.39 per cent as against Rs 3288 crore during the third quarter of FY24. The company EBITDA stood at Rs 162 crore.