Zomato share price plunges 57.2% to Rs 59 crore as food delivery major declares Q3 results

Food delivery major Zomato, which owns Blinkit, on Monday reported a 57.2 per cent decline in consolidated net profit to Rs 59 crore for the third quarter ended December.

The company had earned a net profit of Rs 138 crore in the same quarter a year ago.

The company’s consolidated revenue from operations stood at Rs 5,405 crore, as against Rs 3,288 crore in the corresponding October-December quarter of the previous financial year.