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Food delivery company Zomato on Monday reported a 57% fall in its December quarter consolidated net profit at Rs 59 crore versus Rs 138 crore reported in the year ago period. The revenue from operations in Q3FY25 stood at Rs 5,405 crore, which was up by 64% over Rs 3,288 crore in the corresponding quarter of the previous financial year.On a sequential basis, the profit after tax (PAT) was down by 66% over Rs 176 crore reported in Q2FY25.
Meanwhile, the topline was higher by 13% on a sequential basis versus Rs 4,799 crore reported in the July-September quarter.
The Q3 earnings were announced during market hours and the Zomato shares fell 3% to the day’s low of Rs 241.75 on the NSE.
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