Swiggy Ltd's Q3FY25 Quarter Results
- 06 Feb 2025
Result Summary
- Swiggy Ltd reported a 11.1% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 30.8%.
- Its expenses for the quarter were up by 13.7% QoQ and 32.4% YoY.
- The net profit increased 27.7% QoQ and increased 39.1% YoY.
- The earnings per share (EPS) of Swiggy Ltd declined at 3.5 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 4095.84 | 3686.26 | 3130.93 | 11.1% | 30.8% |
Total Expenses | 4898.29 | 4309.55 | 3700.17 | 13.7% | 32.4% |
Profit Before Tax | -798.95 | -625.40 | -573.86 | 27.8% | 39.2% |
Tax | 0.00 | 0.00 | 0.00 | - | - |
Profit After Tax | -799.08 | -625.53 | -574.38 | 27.7% | 39.1% |
Earnings Per Share | -3.50 | -2.80 | -2.60 | 25.0% | 34.6% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Swiggy Ltd is a prominent player in the Indian online food delivery service industry. The company provides a platform for customers to order food from local restaurants and have it delivered to their doorstep. Swiggy has expanded its services to include Swiggy Genie for parcel and courier services, and Instamart for grocery deliveries, catering to a variety of consumer needs. The company operates in a highly competitive market, striving to maintain a leading position through innovation and expansion of services. As of the latest update, there are no specific major developments highlighted for Swiggy Ltd.
Revenue
In the third quarter of fiscal year 2025 (Q3FY25), Swiggy Ltd reported a total income of ₹4,095.84 crores. This reflects an 11.1% increase from the previous quarter (Q2FY25), where the total income was ₹3,686.26 crores. When compared to the same quarter in the previous year (Q3FY24), the total income increased by 30.8%, up from ₹3,130.93 crores. These figures demonstrate the company's revenue growth over both the quarter and the year.
Profitability
Swiggy Ltd's financial data for Q3FY25 shows a continued challenge in profitability. The company reported a profit before tax of -₹798.95 crores, which is a deterioration of 27.8% from the previous quarter's figure of -₹625.40 crores. Compared to the same quarter in the prior year, there was a 39.2% decline from -₹573.86 crores. Consequently, the profit after tax for Q3FY25 was -₹799.08 crores, marking a 27.7% increase in losses from Q2FY25's -₹625.53 crores, and a 39.1% increase in losses from Q3FY24's -₹574.38 crores. The earnings per share (EPS) for Q3FY25 was -₹3.50, which represents a 25.0% decline quarter-over-quarter and a 34.6% decline year-over-year.
Operating Metrics
Swiggy Ltd's operating metrics, as reflected in the financial data, indicate a rise in total expenses in Q3FY25 to ₹4,898.29 crores, which is a 13.7% increase from the previous quarter's expenses of ₹4,309.55 crores. Year-over-year, there was a 32.4% increase from Q3FY24's expenses of ₹3,700.17 crores. These metrics underline the growth in operational costs over both the quarter and the year, which have impacted the company's profitability. The data provided does not include specific operational metrics such as customer acquisition cost, delivery efficiency, or other typical performance indicators, thus limiting a deeper analysis of operational efficiency.
