Swiggy shares in focus after Q3 loss widens to Rs 799 crore. Should you buy, sell, or hold?
Swiggy shares will be in focus on Thursday, February 6, after the company reported a consolidated loss of Rs 799 crore for the December quarter, widening from Rs 574 crore in the same period last year.
However, 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 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-Sepmber 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. In Q2FY25, the total expenses incurred by the food delivery company were recorded at Rs 4,309 crore.
Also Read: Stocks in news: ITC, SBI, Airtel, Swiggy, Azad Engineering
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