Swiggy Q3 Results: Net Loss Widens to Rs 799 Crore, Revenue Up 11%
Swiggy Reports Higher Losses Despite Revenue Growth
Swiggy Ltd. posted a consolidated net loss of Rs 799.08 crore for the October-December quarter of the financial year ending March 2025. This marks a widening loss compared to Rs 625.53 crore reported in the previous quarter (July-September).
Despite the increasing losses, Swiggy’s revenue showed positive growth, rising by 10.9% sequentially to Rs 3,993.07 crore.
Key Revenue Drivers: Food Delivery and Quick Commerce
- The company's food delivery business generated Rs 1,636.88 crore in revenue.
- Swiggy Instamart, its quick commerce division, recorded a strong 17.7% sequential growth, contributing Rs 576.5 crore to total revenue.
Operating Loss Widens
Swiggy's operating loss (EBITDA loss) stood at Rs 725.66 crore, compared to Rs 554.17 crore in the previous quarter. This reflects a continued struggle with profitability despite higher revenue.
Stock Performance and Market Reaction
Ahead of the results announcement, Swiggy’s stock closed at Rs 418.05, marking a 3.69% decline for the day. During intraday trading, the stock fell as much as 4.55% to hit Rs 414.3. Meanwhile, the benchmark NSE Nifty 50 index declined 0.18%.
Since its market debut in November 2024, Swiggy's stock has seen an overall decline of 8.32%, reflecting investor concerns over sustained losses.
As Swiggy navigates its financial challenges, the company's ability to balance revenue growth with cost efficiency will be key to improving profitability in the coming quarters.
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