Food delivery aggregator Swiggy has posted its quarterly results for the first time after the company became public last month. The company posted Rs 2,146.1 crore in revenue from operations in quarter ended September 30, with a total income of Rs 2,302.7 crore.
The company spent Rs 605.3 crore in advertising and promotional expenses, up 21.06% from Rs 500 crore in the June quarter and 45% down from Rs 1105 crore in the same quarter last year.
Losses have been narrowed down to Rs 490.8 crore in the quarter compared to Rs 590 crore in the same period of the previous fiscal
The food delivery platform launched its IPO in November 2024, aiming to raise approximately Rs 11,327 crore. It set a share price range between Rs 371 and Rs 390 for its first public offering. The SoftBank-backed food delivery firm had the second-largest IPO of the year after Hyundai Motors India.
