Swiggy share price jumped over 6% on Wednesday after the food and grocery delivery major reported its earnings for the second quarter of FY25. Swiggy shares spiked as much as 6.69% to ₹534.85 apiece on the BSE.
The newly-listed Swiggy reported strong revenue growth along with narrowing of losses in the quarter ended September 2024.
Swiggy’s revenue from operations in Q2FY25 increased by 30% to ₹3,601.45 crore from ₹2,763.33 crore in the corresponding period last year. The company had posted a revenue of ₹3,222.2 crore in Q1FY25.
Consolidated net loss of Swiggy during the July-September of FY25 narrowed by 5% to ₹625.5 crore from a loss of ₹657 crore in the same period last fiscal year.
At the operational level, Swiggy’s EBITDA loss in Q2FY25 also declined to ₹555 crore from ₹624 crore, YoY. The company’s monthly transacting users (MTU) grew 7% QoQ and 19% YoY to 17.1 million