Zomato Q3 FY25 results: Net profit falls 57% to Rs 59 crore, revenue up 64%

Food-delivery platform Zomato on Monday reported a 57 per cent drop in consolidated net profit to Rs 59 crore for the third quarter of financial year 2024-25 (FY25). The company had reported Rs 138 crore in net profit during the same period last year.

Sequentially, net profit fell 66.5 per cent from Rs 176 crore reported in Q2FY25.

This drop in profit has been attributed to rising expenses linked to the expansion of its quick commerce platform, Blinkit. Despite the profit slump, the food delivery giant saw its revenue grow significantly.