Swiggy Q4 Results: Loss widened to Rs 1081.18 crore, bottom-line impacted by expansion in quick commerce

Food delivery major Swiggy on Friday released its fiscal fourth quarter earnings report with a widened loss of Rs 1081.18 crore. This was significantly higher than Rs 553.70 crore recorded during the corresponding quarter of previous financial year. The company posted revenue from operations for the quarter in review at Rs 4410.02 crore, posting a growth of 44.80 per cent in comparison to Rs 3045.55 crore recorded during the corresponding quarter of previous financial year. The company EBITDA loss stood at Rs 962 crore.