Swiggy Q2 Results & Share Price Highlights: Swiggy narrows loss to ₹625.53 crore, revenue jumps 30%. Shares trade up by 1.2%
Swiggy Q2 Results Today, Swiggy share price Highlights: Swiggy has reported a 5% decrease in net loss to ₹625.53 crore in Q2 compared to ₹657 crore last year. On a sequential basis, the loss increased 2.32% from ₹611 crore.
The operating revenues increased by 30% to ₹3,601 crore during the same period as compared to ₹2,763.33 crore in the year-ago period. Swiggy’s consolidated adjusted EBITDA loss declined 30% year-on-year (YoY) to ₹341 crore in Q2 FY25. Overall gross order value (GOV) grew 30% YoY to ₹11,306 Cr during the quarter under review. Swiggy Instamart, doubles its operating revenue to ₹490 crore from ₹208 crore in the corresponding quarter last year. Its GOV growth grew by 24% QoQ to reach ₹3,382 crore. The overall orders grew by 21 % QoQ, with orders per dark store per day rising 10% QoQ. The board of directors also approved the formation of a wholly owned subsidiary to engage in sports team ownership, management, talent development, event organisation, and facility operation, among other things. The foodtech major made its debut on the bourses on November 13, listing at ₹412 on the BSE. The company’s shares closed at ₹501.30, up 1.2% at BSE.