Zomato Share Price: Zomato shares fall
Zomato shares fell nearly 10% on Tuesday, January 21. This decline continued even after the company presented its Q3 FY25 results. Brokerage houses are divided on this stock.Bank of America believes Zomato shares could rise 70% from current levels, while Macquarie is estimating a 40% decline.
zomato share price update
At 9:51 am, Zomato shares were trading at Rs 223.05 per share, down 6.97%. In the last session also, Zomato shares had fallen by about 3.5%. Till now 8.08 crore shares were transacted on NSE and 55.58 lakh shares were transacted on BSE. Zomato traded in the range of Rs 218.95-227 during the session.
swiggy share price update
Like Zomato, Swiggy shares also fell 7% to the day’s low of Rs 444. At around the same time, Swiggy shares were trading at Rs 447.20, 6.68% lower than the previous close.
Zomato Q3 FY25 Results
Net Profit:
Zomato reported a consolidated net profit of Rs 59 crore in Q3 FY25, down 57% from Rs 138 crore last year.
Revenue:
The company’s revenue from operations grew 64% year-on-year to Rs 5,405 crore from Rs 3,288 crore last year.
GOV Growth:
Gross order value (GOV) of the company’s B2C businesses grew 57%. Food Delivery GOV grew by 17% and Quick Commerce GOV grew by 120%.
EBITDA:
Adjusted EBITDA grew 128% YoY to Rs 204 crore. Improvement in food delivery margins (4.3% of GOV from 3% in Q3 FY24) was the main reason for this.
quarter-to-quarter comparison
Net Profit:
Net profit stood at Rs 59 crore in Q3, down 66% from Rs 176 crore in Q2 FY25.
Revenue:
Revenue reached Rs 5,405 crore in Q3, a growth of 13% from Rs 4,799 crore in Q2 FY25.
GOV Growth:
Government revenue increased 14% quarter-over-quarter, with food delivery revenue up 17% and quick commerce revenue up 120%.
EBITDA:
Adjusted EBITDA declined 14% quarter-on-quarter due to higher investments in Quick Commerce expansion.
Zomato’s expansion plan
Zomato added 368 new stores in the last two quarters, taking the total number of stores to 1,007. The company also added 1.3 million square feet of warehousing space.
