Zomato Ltd's Q3FY25 Quarter Results
- 22 Jan 2025
Result Summary
- Zomato Ltd reported a 12.7% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 61.3%.
- Its expenses for the quarter were up by 15.7% QoQ and 63.6% YoY.
- The net profit decreased 66.5% QoQ and decreased 57.2% YoY.
- The earnings per share (EPS) of Zomato Ltd stood at 0.1 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 5657.00 | 5020.00 | 3507.00 | 12.7% | 61.3% |
Total Expenses | 5533.00 | 4783.00 | 3383.00 | 15.7% | 63.6% |
Profit Before Tax | 124.00 | 237.00 | 124.00 | -47.7% | 0.0% |
Tax | 65.00 | 61.00 | -14.00 | 6.6% | -564.3% |
Profit After Tax | 59.00 | 176.00 | 138.00 | -66.5% | -57.2% |
Earnings Per Share | 0.10 | 0.20 | 0.20 | -50.0% | -50.0% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Zomato Ltd is a prominent player in the food delivery and restaurant discovery space. The company operates in the online food ordering and restaurant guide industry, primarily offering a platform that connects customers with a wide variety of restaurants. Through its digital platform, Zomato facilitates food delivery, provides restaurant reviews, and offers a range of dining options to users. In recent years, the company has been focusing on expanding its market presence and enhancing its technological capabilities to improve user experience and operational efficiency. While specific recent developments are not provided in the data, Zomato is known for actively pursuing strategic partnerships and innovations in the foodtech space to maintain its competitive edge.
Revenue
During the third quarter of fiscal year 2025 (Q3FY25), Zomato Ltd reported a total income of ₹5657 crore. This represents a significant increase of 12.7% compared to the previous quarter (Q2FY25) where it stood at ₹5020 crore. Moreover, on a year-over-year basis, there was a substantial growth of 61.3% from the total income of ₹3507 crore in Q3FY24. The growth in total income indicates an upward trend in the company's revenue generation capabilities over both the quarterly and annual periods.
Profitability
In terms of profitability, Zomato Ltd faced challenges despite the growth in revenue. The profit before tax for Q3FY25 was ₹124 crore, which was a decrease of 47.7% from the preceding quarter's figure of ₹237 crore. This figure remained unchanged when compared to Q3FY24, indicating no year-over-year growth. After accounting for taxes, the profit after tax for Q3FY25 was reported at ₹59 crore, marking a significant decline of 66.5% from Q2FY25's ₹176 crore and a decrease of 57.2% from ₹138 crore in Q3FY24. Earnings per share also halved from ₹0.20 in both Q2FY25 and Q3FY24 to ₹0.10 in Q3FY25, highlighting the pressures on the company's bottom line.
Operating Metrics
Total expenses for Zomato Ltd in Q3FY25 were reported at ₹5533 crore, showing an increase of 15.7% from the previous quarter's expenses of ₹4783 crore. On a year-over-year basis, the increase was 63.6% from Q3FY24's expenses of ₹3383 crore. The tax expense in Q3FY25 was ₹65 crore, which was 6.6% higher than the ₹61 crore in Q2FY25, while a comparison to Q3FY24 shows a substantial change due to the previous negative tax amount of ₹-14 crore. These figures indicate a rise in operational expenses and tax liabilities over both the quarterly and annual periods, impacting the overall operating costs and net profitability.
