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Swiggy's loss in Q3 widens as q-comm investments rise
Financial Express Kolkata
|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.
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.
यह कहानी Financial Express Kolkata के February 06, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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