Swiggy Q2 net loss widens to ₹1,092 crore; to consider ₹10,000 crore fundraise

Food delivery aggregator Swiggy Ltd. reported a net loss of ₹1,092 crore for the September quarter, which was higher than the ₹626 crore loss it had reported during the same quarter last year.

Revenue for the quarter under review increased to ₹5,561 crore from ₹3,601 crore during the same quarter last year, implying a growth of 54%.

Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) was a loss of ₹798 crore from a loss of ₹554 crore during the same quarter last year.

Swiggy's Food Delivery business reported revenue of ₹1,923 crore during the quarter, higher than ₹1,577 crore last year. The Quick Commerce revenue increased to ₹980 crore from ₹490 crore on a year-on-year basis.

Swiggy will consider ₹10,000 crore fundraise in the board meeting that is scheduled on Friday, November 7, through qualified institutions placement or any other modes in one or more tranches.

Shares of Swiggy ended 0.23% lower at ₹418, ahead of the earnings announcement. The stock remained above its IPO price of ₹390. Shares are down 23% so far in 2025.