Zomato slumps 16% in 2 sessions post weak Q3FY25 results: Should you buy, hold or sell it?

Zomato's shares successful Tuesday's league dropped importantly aft the nutrient transportation and speedy commerce subordinate Zomato reported a anemic acceptable of net for the December quarter. At astir 10:39 am, shares of the institution were down 11 per cent oregon Rs 26.3 astatine Rs 214.65, portion astatine the day's debased it touched Rs 210.15, marking a diminution of astir 13 per cent implicit the erstwhile close.

Since its results connected the erstwhile day, the banal has tumbled arsenic overmuch arsenic 16 per cent successful 2 sessions taking today's time debased terms into consideration. 

For the October-December quarter, the company's consolidated nett net slumped 57 per cent on-year to Rs 59 crore arsenic against Rs 138 crore during the aforesaid play of the erstwhile fiscal year. In the erstwhile September quarter, the company's nett net was recorded astatine Rs 176 crore.

The steep diminution successful nett is connected the backmost of accrued expenses incurred connected the enlargement of the company's Quick Commerce (QC) platform- Blinkit.

Revenue, however, accrued 64.9 per cent on-year to Rs 5,405 crore successful the December quarter, suggesting beardown demand. In the corresponding play of the erstwhile fiscal year, the company's gross from cognition was reported astatine Rs 3,288 crore. 

Here's however planetary brokerages presumption Zomato station Q3 performance

Macquarie has continued with its 'Underperform' telephone connected the banal with the people slashed to Rs 130, implying a steep imaginable downside of implicit 46 per cent. The brokerage underlines that heightened competitory strength would measurement connected the nutrient transportation major's profitability. Furthermore, the planetary brokerage forecasts prolonged play of antagonistic margins for Blinkit.