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Swiggy's loss in Q3 widens as q-comm investments rise
Financial Express Chandigarh
|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.
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