Swiggy Q3 Results: Cons loss widens to Rs 799 crore, despite 31% YoY revenue jump
Swiggy reported on Wednesday that its consolidated losses widened to Rs 799 crore in the December quarter, compared to Rs 574 crore in the same period last year.
Revenue from operations for Q3FY25 stood at Rs 3,993 crore, marking a 31% increase from Rs 3,049 crore in the corresponding quarter of the previous financial year.
The loss figures are attributable to the owners of the company.
The losses were up on a sequential basis as well as the company had posted a consolidated loss of Rs 626 crore in Q2FY25. However, the topline grew 11% from Rs 3,601 crore reported in the July-September quarter of the current financial year.
Swiggy's widening losses can be attributed to a 32% YoY increase in its Q3FY25 expenses, which rose to Rs 4,898 crore compared to Rs 3,700 crore in the same period last year.
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