Food delivery platform Swiggi said that its consolidated net deficit has increased to Rs 799 crore during the third quarter of FY 2024-25. This information has been received from regulatory information. It recorded a net loss of Rs 574.4 crore in the period of a year ago.
The company’s integrated revenue from operations increased by 31 percent to Rs 3,993 crore on an annual basis, while the third quarter of FY 24 was Rs 3,049 crore. Swigy’s consolidated total income also increased by 30.8 percent to Rs 4,095.8 crore during the third quarter of FY 25, compared to Rs 3,130.9 crore in the third quarter of FY 24.
Asked about the reasons for increasing the net deficit, Swiggy Chief Financial Officer (CFO) Rahul Bothra blamed Ebita adjusted for this, which is a combination of food delivery and investment in Quick Commerce. The ESOP fee also played a role in it.
Both the adjusted Ebita during the quarter increased by Rs 149 crore during the quarter. The capital spent on the infrastructure of the dark store along with warehousing has increased as a result of the depreciation.
Regarding Swigy’s way of profits and its related strategies, Bothara said that in the last quarter, Swiggi had estimated the corporate level, no profit, nor adjusted abita of loss at the corporate level till October-December quarter in 2025. He said that the company is committed to the estimate and it would operate as a result of the Ebita margin of food delivery, where the company is seeing a strong growth.
Swiggy’s gross order price (GOV) increased to Rs 12,165 crore as compared to last year. Consolidated adjusted Ebita deficit declined by 2 percent to Rs 490 crore on an annual basis. But it increased by Rs 149 crore on a quarterly basis. The average MTU (monthly transaction user) of the platform increased by 25.3 percent to 1.78 crore on an annual basis. About one-third of the total users are using more than one services on the user platform.
The gross order price of Swiggy’s food delivery business rose by 19.2 percent to Rs 7,436 crore on an annual basis. Adjusted Ebita rose by 63.7 percent to Rs 184 crore on a quarterly basis, which has given 2.5 percent margin compared to 0.3 percent a year ago. Swiggy Instamart recorded an increase of 88 percent (15.5 percent on a quarterly basis) on an annual basis and increased to Rs 3,907 crore. The average order price increased by 14 percent on an annual basis and increased to Rs 534.
Welspun Corp gained net profit more than doubled
The integrated net profit of the pipe manufacturer Welspon Corp Ltd. in the third quarter of the current financial year increased to Rs 672.19 crore. The company gave this information to the stock markets. The October-December quarter of the last financial year had a net profit of Rs 293.70 crore. However, the company’s total income declined to Rs 3,656.57 crore in the quarter under review, which was Rs 4,758.17 crore in the same quarter of the previous financial year. The total expenditure of Welspun Corp reduced to Rs 3,351.36 crore, which was Rs 4,438.79 crore in the same quarter of the previous year.
PC jeweler earned a net profit of Rs 148 crore
The country’s legendary jewelery company PC Jeweler Limited has an integrated net profit of Rs 147.96 crore in the third quarter of the current financial year. The company had a net loss of Rs 197.98 crore in the same quarter of the last financial year. The PC jeweler said that his total income increased manifold to Rs 683.44 crore in the third quarter of the current financial year, which was Rs 43.48 crore in the same quarter of the previous finance. PC Jeweler said that there was a strong demand for jewelery during the December quarter due to festive and wedding season.