Swiggy Q3 net loss widens to Rs 799 crore; revenue up 31%

Food delivery platform Swiggy on Wednesday reported a net loss of Rs 799 crore in the third quarter ended December 2024, compared to Rs 575 crore loss it reported in the year-ago period. Its revenue from operations grew 31% in the December quarter to Rs 3,993 crore compared to Rs 3,049 crore in the same quarter last year.

Swiggy’s Gross Order Value (GOV) grew 38% y-o-y to Rs 12,165 crore. Its food delivery GOV saw 19.2% y-o-y growth to Rs 7,436 crore, driven by Bolt, a 10-minute restaurant food delivery service, which was launched in October last year. Adjusted EBITDA margins expanded to 2.5% of GOV.