Zomato Q3 Results LIVE: Shares plunge over 7%, net profit tumbles 57% YoY to ₹59 crore in Q3 FY25
5 min read | Updated on January 20, 2025, 16:44 IST
SUMMARY
Q3 results on January 20: Zomato on Monday, January 20, announced a 57% plunge in its Q3 FY25 net profit to ₹59 crore from ₹138 crore in the corresponding period last year. However, its revenue from operations surged 64% year-on-year.
Zomato's net profit declined 57.2% to ₹59 crore in Q3 FY25
Dixon Technology Q3 net profit rises 122.8% to ₹216.2 crore
Its revenue from operations increased 116.96% to ₹10,553.7 crore during the quarter under review from ₹4,817.3 crore in the same period last year.
The company's EBITDA margin contracted to 3.7% from 3.8% in Q3 FY24. Further, its EBITDA stood at ₹390.6 crore in contrast to ₹184 crore last year.
January 20, 2025, 16:44 PM
IDBI Bank Q3 profit surges 31% to ₹1,908 crore
The LIC-controlled bank's total income increased 13.99% to ₹8,565 crore during the quarter under review from ₹7,514 crore in the same period last year.
The gross non-performing asset (NPA) ratio improved to 3.57% as on December 31, 2024, as against 4.69% as on December 31, 2023.
Similarly, the net NPA also declined to 0.18%, as compared to 0.34% at the end of December 2023.
January 20, 2025, 16:09 PM
Zomato's Blinkit to likely remain loss making in FY25, FY26 on back of investments: Zomato official
"As we continue to bring forward store expansion, our networks may have to carry a greater load of under-utilized stores which will impact near-term profits in the next one or two quarters. These investments will however also likely result in GOV growth remaining meaningfully above 100%, at least for FY25 and FY26," Akshant Goyal, the Chief Financial Officer at Zomato said.
"Once we come out from this period of expansion, the business is likely to turn sharply from being loss making to becoming meaningfully profitable as a larger part of our business starts comprising mature stores compared to newly added ones," he added.
"We remain confident of navigating the short term (expansion/ competition) with focus and discipline," Akshant further stated.
January 20, 2025, 16:13 PM
Zomato's Blinkit store count crosses 1,000 mark
In Q3 FY25, Zomato's Blinkit store count crossed the 1,000 store mark, a quarter ahead of plan. The food aggregator now aims to open 2,000 stores by December 2025, one year ahead of earlier guidance of December 2026.
January 20, 2025, 15:54 PM
Zomato Q3: Deepinder Goyal says losses in quick commerce on account of growth investments
"The losses in our quick commerce business this quarter are largely on account of pulling forward the growth investments in the business that we would have otherwise made in a staggered manner over the next few quarters. As of now, it seems like we will get to our target of 2,000 stores by Dec 2025, much earlier than our previous guidance of Dec 2026," Deepinder Goyal, co-founder and CEO of Zomato commented.
January 20, 2025, 15:49 PM
Zomato closes in red, plunges 7% after Q3 net profit drops 57%
Shares of Zomato closed in the red at ₹230.7, down 7.27% on the National Stock Exchange on Monday, January 20, after the company announced its Q3 results.
January 20, 2025, 15:43 PM
Zomato Q3 results key highlights
January 20, 2025, 16:01 PM
Zomato Q3 net profit tumbles 57% YoY to ₹59 crore, revenue surges 64%
Its revenue from operations stood at ₹5,405 crore, up 64.38% from ₹3,288 crore in Q3 FY24.
January 20, 2025, 15:28 PM
Supreme Industries share slumps 3% as Q3 net profit tumbles 27.4% to ₹179.6 crore
Supreme Industires shares are trading at ₹4,087.00 apiece, down 2.79% on the National Stock Exchange.
Its revenue from operations increased 2.5% to ₹2,509,9 crore this quarter from ₹2,449 crore in Q3 FY24.
The company's EBITDA stood at ₹309.2 crore, down 18.4% from ₹378.7 crore in the year-ago period. Additionally, its EBITDA margin shrunk to 12.3% in Q3 FY25, in contrast to 15.5%.
January 20, 2025, 14:40 PM
IRFC shares slump after Q3 result announcement
Shares of Indian Railway Finance Corporation are trading in the red at ₹145.96, down 0.16% on the National Stock Exchange after the company announced its Q3 earnings.
January 20, 2025, 14:21 PM
IRFC Q3 net profit rises 2% to ₹1,630 crore
It had a net profit of ₹1,599 crore, in the corroseponding period a year-ago.
The PSU also reported a 0.4% increase in its revenue from operations to ₹6,763 crore in Q3 FY25, compared to ₹6,737 crore in the year-ago period.
January 20, 2025, 14:17 PM
Indian Overseas Bank shares rise 5% as net profit up 21%
Shares of Indian Overseas Bank climbed 4.96% to ₹53.15 apiece on the National Stock Exchange. The lender reported a 21% increase in net profit to ₹874 crore as compared to ₹723 crore in the year-ago period.
January 20, 2025, 13:23 PM
Dixon Technologies gains over 1% ahead of Q3 result
Shares of Dixon Technologies Ltd are up 1.39% at ₹17,463.85 apiece on the National Stock Exchange (NSE). The company will announce its earnings on Monday, January 20.
January 20, 2025, 12:35 PM
Paytm's Q3 capex stands at ₹80 crore
One 97 communications, Paytm's operator on Monday said that the company's capex for Q3 FY25 was ₹80 crore, which took the nine-months-ending December 31, 2024 capex to ₹176 crore, compared to ₹680 crore for 9M FY24.
"Lower capex is largely on account of reduction in cost of devices and focus on refurbishment of devices (costof refurbishment of devices is included in other indirect costs). This has resulted in depreciation and amortization (D&A) expenses for Q3 FY 2025 to come down to ₹165 Cr, a reduction of 7% QoQ and 18% YoY," the company said.
"Given lower capex in FY 2025, we expect D&A to keep coming down in the coming quarters," it added.
January 20, 2025, 11:59 AM
Paytm exploring international expansion
"We are exploring various approaches, including organic expansion or local licenses, strategic investment and partnerships. We will share relevant updates as and when applicable," Paytm said in its Q3 earnings regulatory filing.
It said that its technology led merchant payments and financial services distribution business model have the potential for expansion in similar international markets.
"We have developed a portfolio of innovative hardware, software and services stack in India, which can be deployed and monetised internationally," the company added.
January 20, 2025, 11:37 AM
Paytm's comment on Q3 FY25 result
"In Q3FY 2025, we achieved 10% QoQ revenue growth, due to increase in GMV, healthy growth in subscription revenues and increase in revenues from distribution of financial services. Growth in net payment margin was largely on account of higher subscription revenue. Payment processing margin continues to remain in the guided range," One 97 communications said in a regulatory filing.
January 20, 2025, 11:28 AM
Paytm shares surge 2% as Q3 net loss narrows
Shares of Paytm were trading at ₹915.40, climbing 1.69% on the NSE after the company announced its Q3 FY25 earnings. It reported a reduction in its net loss to ₹208 crore.
January 20, 2025, 11:38 AM
Paytm net loss contracts to ₹208 crore in Q3 FY25 vs ₹220 crore year-ago, revenue slips 36%
In the same quarter in FY24, the net loss stood at ₹219.8 crore.
Operating revenue dropped 35.8% to ₹1,827.8 crore from ₹2,850.5 crore in the year-ago period. However, on a quarter-on-quarter, revenue increased 10%.
January 20, 2025, 11:19 AM
Paytm shares trade flat ahead of results
Shares of One 97 Communications Ltd, which operates Paytm, were trading flat at ₹900.85 apiece, up 0.08%, on the NSE.
January 20, 2025, 10:31 AM
Zomato, Paytm, IRFC, Dixon Technologies, others to announce earnings on Jan 20
January 20, 2025, 10:28 AM