PoliticsKokila Chokkanathaneditor@indiaherald.comhttps://www.indiaherald.com/ImageStore/images/business/technology_videos/quickfix-or-risky-business-swiggys-minute-meal6b45d575-0979-4dee-b713-270393ee5641-415x250-IndiaHerald.jpghttps://www.indiaherald.com/ImageStore/images/business/technology_videos/quickfix-or-risky-business-swiggys-minute-meal6b45d575-0979-4dee-b713-270393ee5641-415x250-IndiaHerald.jpgAs per report Swiggy, the food tech and grocery delivery giant, reported a revenue of Rs 2,146.1 crore for the July-September period, reflecting a 39% growth from Rs 1,547.7 crore in the same quarter last year. The surge in revenue was driven by a rise in the number of transacting users on its platform. Additionally, the company reduced its losses by 17%, narrowing them from Rs 590.8 crore to Rs 490.9 crore during the period. In comparison, Swiggy had posted a revenue of Rs 1,952.9 crore and losSwiggy{#}June;SwiggySwiggy reported a revenue of Rs 2,146.1 crore for the July-September periodSwiggy reported a revenue of Rs 2,146.1 crore for the July-September periodSwiggy{#}June;SwiggyWed, 04 Dec 2024 11:48:00 GMTAs per report swiggy, the food tech and grocery delivery giant, reported a revenue of Rs 2,146.1 crore for the July-September period, reflecting a 39% growth from Rs 1,547.7 crore in the same quarter last year. The surge in revenue was driven by a rise in the number of transacting users on its platform. Additionally, the company reduced its losses by 17%, narrowing them from Rs 590.8 crore to Rs 490.9 crore during the period. In comparison, swiggy had posted a revenue of Rs 1,952.9 crore and losses of Rs 497.5 crore in Q1FY25.

Meanwhile Swiggy’s competitor, Zomato, reported a revenue of Rs 4,799 crore and a profit after tax of Rs 272 crore for the same period. This marks Swiggy’s first earnings report since its public listing last month. For Q2FY25, swiggy saw a notable increase in its monthly transacting users (MTU), adding a million to reach a total of 17.1 million. This represents a 7% quarter-on-quarter (QoQ) growth and a 19% year-on-year (YoY) increase.

Moreover Swiggy’s Instamart, or the Quick-Commerce business, reported a revenue growth of 136% from last year to Rs 490 crore, while its EBIT remained at a loss of Rs 317 crore from a loss of Rs 320 crore last year and Rs 280 crore during the june quarter. Shares of swiggy, which had gained as much as 9% in early trade on Tuesday, have pared their gains and are now at the flat line at Rs 495.






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పుష్ప-2 టికెట్ రేట్ ల ఎఫెక్ట్ మెగా హీరోల సినిమాలపై పడబోతుందా.. పాపం తట్టుకోలేరు..?



Source: India Herald - Kokila Chokkanathan]]>