Zomato share price falls over 10% after Blinkit investment strains profit margin

| 21 Jan 2025 4:59 PM IST

Zomato Ltd shares plummeted on Tuesday, January 21, 2025, after the company posted weak results for the third quarter of the financial year 2024-25. At 11:30am, the company's shares fell 10.44% or by ₹25.15, trading at ₹215.80 on the Bombay Stock Exchange (BSE). The intraday low till that point was ₹210.15.

Zomato, which only recently got included among the 29 other BSE Sensex stocks, fell after it announced its third quarter financial results for 2024-25 on Monday, January 20, 2025. The company's net profit fell to ₹59 crore, which is down drastically by 57.24% compared to ₹79 crore during the same quarter of the previous year. This is despite its consolidated revenue from operations rising 64.38% or by ₹2,117 crore to ₹5,405 crore, compared to ₹3,288 crore previously.

Tags: ZomatoShare priceBlinkitProfit margin

Categories: Business & Economy

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