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कोशिश गोल्ड - मुक्त

Swiggy's loss in Q3 widens as q-comm investments rise

Financial Express Hyderabad

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February 06, 2025

Swiggy on Wednesday reported a higher-than-expected net loss for the October-December quarter at ₹799.9 crore, up from ₹574.3 crore in Q3FY24.

- RAGHAV AGGARWAL New Delhi, February 5

FOOD DELIVERY PLATFORM Swiggy on Wednesday reported a higher-than-expected net loss for the October-December quarter at ₹799.9 crore, up from ₹574.3 crore in Q3FY24. The Bloomberg consensus estimates had pegged the net loss for the quarter at ₹620 crore.

The company's consolidated revenue rose 31% year-on-year to ₹3,993 crore during the quarter but was below the estimate of ₹4,019 crore. The Ebitda (earnings before interest, tax, depreciation and amortisation) loss came in at ₹726 crore compared to a loss of ₹525 crore in Q3FY24.

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Markets log worst day in 8 months on weak earnings

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200% tariff threat looms over French wines

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TaMo to bid for 6K e-buses, but rules out any price war

TATA MOTORS WILL participate in the government’s upcoming tender for around 6,000 electric buses but will avoid aggressive bidding, opting instead for a cautious and financially disciplined approach, Managing Director and Chief Executive Officer Girish Wagh told FE.

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Banks to seek RBI’s approval for longer bulk deposits

BANKS WILL APPROACH the Reserve Bank of India (RBI) for approval to raise bulk deposits for up to three years compared to the current one year cap, three sources said on Tuesday.

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Consumption, imports of fertilisers surge; domestic output drops

WHILE THE GOVERNMENT is aiming to cut urea and diammonium phosphate (DAP) consumption through introduction of nano-variants, sales and imports of varieties of fertilisers have surged significantly, trade sources said.

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