India's Zomato reported a smaller-than-expected third-quarter profit on Monday as its margins continue to face pressure from high spending on opening more centres to fulfil orders at its quick commerce platform,

India Cements Q3 results: India Cements Limited announced its October to December quarter results on Tuesday, January 21. The company recorded a net profit of ₹ 122.3 crore in the third quarter of the financial year 2024-25, compared to ₹ 0.67 crore in the same quarter the previous year, according to the consolidated statements.

A significant portions of Zomato's expenses came from purchases of stock-in-trade which grew to ₹1,510 crore from ₹783 crore earlier.

By Ananta Agarwal and Ashna Teresa Britto (Reuters) -Indian food delivery major Zomato's third-quarter profit more than halved on Monday, as rising competition in the quick commerce space and increased spending on opening more fulfilment centres for its Blinkit platform weighed on margins.