Swiggy shares fell sharply in early trade on Friday after the company’s Q3 performance underlined a recurring challenge for fast-scaling digital platforms: balancing aggressive growth with profitability.
Swiggy stock was trading 5.36% lower at ₹310.10 as of 9:21 AM IST, after declining more than 6% intraday, as investors reacted to a wider net loss despite strong year-on-year revenue growth.
Swiggy Q3 results
For the December quarter, Swiggy reported a net loss of ₹1,065 crore, compared with a loss of ₹800 crore in the same period last year.
While losses widened, the topline performance remained strong. Gross User Revenue (GUR) surged 54% YoY to ₹6,148 crore, up from ₹3,993 crore in the corresponding quarter last year.
Despite robust revenue growth, profitability continued to face pressure. EBITDA loss for the quarter widened to ₹782 crore, compared with an EBITDA loss of ₹725 crore a year ago.
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