Zomato plunges 9%, nears record low post December quarter results

In Q3FY22, the company's revenue from operations grew by around 9 per cent QoQ, while the customer delivery charges de-grew by 22 per cent.

Shares of food delivery company Zomato dropped 9 per cent to Rs 85.85 on the BSE in Friday's intra-day trade after the company reported sequentially flat revenue growth at Rs 1,112 crore for October-December quarter (Q3FY22). On year-on-year (YoY) basis, the revenue growth was 78 per cent.

At 09:44 am, Zomato was trading 6 per cent lower at Rs 89.20, as compared to 1.2 per cent decline in the S&P BSE Sensex. The stock quoting close to its record low price of Rs 84.10 touched on January 25, 2021. It had hit a record high of Rs 169.10 on