Swiggy Reports Wider Consolidated Loss in Fiscal Q1

MT Newswires Live
07/31

Swiggy (BOM:544285) reported an attributable consolidated loss of around 12 billion Indian rupees in the fiscal first quarter ended June 30, widening from a loss of 6.11 billion rupees in the same period last year, according to an Indian bourse filing on Thursday.

The company posted a loss per share of 5.04 rupees, compared with per-share loss of 2.76 rupees a year earlier.

Revenue from operations in fiscal Q1 jumped to 49.6 billion rupees from 32.2 billion Indian rupees in the same quarter of the previous year.

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