Swiggy Q1 Loss Doubles to Rs 1197 Cr
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Swiggy's Q1 net loss nearly doubles to Rs 1,197 crore, despite a substantial increase in revenue. Expenses also rose significantly.
Photograph: PTI Photo from the Rediff Archives
New Delhi, Jul 31 (PTI) Food and e-commerce delivery platform Swiggy, which owns Instamart, on Thursday reported a widening of its loss on a consolidated basis at Rs 1,197 crore for the first quarter ended June 30, 2025.
The company had reported a loss of Rs 611 crore during the corresponding quarter a year-ago.
However, its total income increased substantially to Rs 5,048 crore, from Rs 3,310 crore a year ago, a regulatory filing showed, even as expenses shot up to Rs 6,244 crore, from Rs 3,908 crore during the April-June quarter under review on a year-on-year basis.
Swiggy's scrip closed at Rs 403.80, up 0.62 per cent from its previous close on the Bombay Stock Exchange.
The company had reported a loss of Rs 611 crore during the corresponding quarter a year-ago.
However, its total income increased substantially to Rs 5,048 crore, from Rs 3,310 crore a year ago, a regulatory filing showed, even as expenses shot up to Rs 6,244 crore, from Rs 3,908 crore during the April-June quarter under review on a year-on-year basis.
Swiggy's scrip closed at Rs 403.80, up 0.62 per cent from its previous close on the Bombay Stock Exchange.
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