Swiggy shares fall 2.15% in early trade
Swiggy's stock experienced a decline of 2.15% to Rs 448.60 in early trade on Monday. The stock is a constituent of the Nifty Next 50 index.
Financial Performance:
The following table presents Swiggy's consolidated quarterly financial data:
HeadingJun 2024Sep 2024Dec 2024Mar 2025
Jun 2025RevenueRs 3,222.22 CroreRs 3,601.45 CroreRs 3,993.07 CroreRs 4,410.02 Crore
Rs 4,961.00 CroreNet Profit-Rs 610.92 Crore-Rs 625.40 Crore-Rs 798.95 Crore-Rs 1,078.96 Crore
-Rs 1,196.00 CroreEPS-2.76-2.80-3.48-4.60
-5.04
The revenue has increased consistently over the quarters, from Rs 3,222.22 Crore in June 2024 to Rs 4,961.00 Crore in June 2025. However, the company has reported net losses in each of the quarters, with losses widening from Rs 610.92 Crore in June 2024 to Rs 1,196.00 Crore in June 2025. Similarly, the EPS has been negative and decreasing, from -Rs 2.76 in June 2024 to -Rs 5.04 in June 2025.
The following table presents Swiggy's consolidated yearly financial data:
Heading202220232024
2025RevenueRs 5,704.90 CroreRs 8,264.60 CroreRs 11,247.39 Crore
Rs 15,226.76 CroreNet Profit-Rs 3,627.88 Crore-Rs 4,179.20 Crore-Rs 2,343.63 Crore
-Rs 3,114.23 CroreEPS-18.62-19.33-10.70
-13.72BVPS-3,850.15-2,448.60-2,588.76
44.70ROE0.000.000.00
-30.49Debt to Equity0.000.00-0.03
0.00
The annual revenue has increased significantly from Rs 5,704.90 Crore in 2022 to Rs 15,226.76 Crore in 2025. The company has been reporting net losses, although the loss decreased from Rs 4,179.20 Crore in 2023 to Rs 2,343.63 Crore in 2024, before increasing to Rs 3,114.23 Crore in 2025. The EPS has followed a similar trend. The book value per share (BVPS) has improved from negative values to Rs 44.70 in 2025. The return on equity (ROE) is negative at -30.49% for 2025.
Income Statement:
The following table summarizes the yearly income statement:
Mar 2025Mar 2024Mar 2023
Mar 2022SalesRs 15,226 CroreRs 11,247 CroreRs 8,264 Crore
Rs 5,704 CroreOther IncomeRs 396 CroreRs 386 CroreRs 449 Crore
Rs 414 CroreTotal IncomeRs 15,622 CroreRs 11,634 CroreRs 8,714 Crore
Rs 6,119 CroreTotal ExpenditureRs 18,636 CroreRs 13,906 CroreRs 12,835 Crore
Rs 9,699 CroreEBIT-Rs 3,013 Crore-Rs 2,272 Crore-Rs 4,121 Crore
-Rs 3,579 CroreInterestRs 100 CroreRs 71 CroreRs 58 Crore
Rs 48 CroreTaxRs 0 CroreRs 0 CroreRs 0 Crore
Rs 0 CroreNet Profit-Rs 3,114 Crore-Rs 2,343 Crore-Rs 4,179 Crore
-Rs 3,627 Crore
Sales have been increasing year-over-year. However, the company has not been able to turn a profit, as evidenced by the negative EBIT and Net Profit values.
The following table summarizes the quarterly income statement:
Jun 2025Mar 2025Dec 2024Sep 2024
Jun 2024SalesRs 4,961 CroreRs 4,410 CroreRs 3,993 CroreRs 3,601 Crore
Rs 3,222 CroreOther IncomeRs 87 CroreRs 120 CroreRs 102 CroreRs 84 Crore
Rs 87 CroreTotal IncomeRs 5,048 CroreRs 4,530 CroreRs 4,095 CroreRs 3,686 Crore
Rs 3,310 CroreTotal ExpenditureRs 6,203 CroreRs 5,577 CroreRs 4,869 CroreRs 4,288 Crore
Rs 3,901 CroreEBIT-Rs 1,155 Crore-Rs 1,046 Crore-Rs 773 Crore-Rs 602 Crore
-Rs 591 CroreInterestRs 41 CroreRs 32 CroreRs 25 CroreRs 23 Crore
Rs 19 CroreTaxRs 0 CroreRs 0 CroreRs 0 CroreRs 0 Crore
Rs 0 CroreNet Profit-Rs 1,196 Crore-Rs 1,078 Crore-Rs 798 Crore-Rs 625 Crore
-Rs 610 Crore
Quarterly sales have increased consistently. The company has not been able to turn a profit, as evidenced by the negative EBIT and Net Profit values.
Cash Flow:
The following table summarizes the yearly cash flow statement:
Mar 2025Mar 2024Mar 2023
Mar 2022Operating Activities-Rs 2,169 Crore-Rs 1,312 Crore-Rs 4,059 Crore
-Rs 3,900 CroreInvesting Activities-Rs 1,372 CroreRs 1,458 CroreRs 3,967 Crore
-Rs 9,160 CroreFinancing ActivitiesRs 3,903 Crore-Rs 122 Crore-Rs 171 Crore
Rs 13,634 CroreOthersRs 0 CroreRs 0 CroreRs 0 Crore
Rs 0 CroreNet Cash FlowRs 361 CroreRs 22 Crore-Rs 263 Crore
Rs 573 Crore
Balance Sheet:
The following table summarizes the balance sheet:
Mar 2025Mar 2024Mar 2023
Mar 2022Share CapitalRs 228 CroreRs 3 CroreRs 2 Crore
Rs 0 CroreReserves & SurplusRs 9,990 Crore-Rs 7,784 Crore-Rs 6,508 Crore
-Rs 3,296 CroreCurrent LiabilitiesRs 3,587 CroreRs 2,106 CroreRs 1,703 Crore
Rs 1,683 CroreOther LiabilitiesRs 1,398 CroreRs 16,204 CroreRs 16,083 Crore
Rs 16,017 CroreTotal LiabilitiesRs 15,205 CroreRs 10,529 CroreRs 11,280 Crore
Rs 14,405 CroreFixed AssetsRs 2,934 CroreRs 1,344 CroreRs 1,179 Crore
Rs 790 CroreCurrent AssetsRs 9,105 CroreRs 6,736 CroreRs 7,822 Crore
Rs 12,133 CroreOther AssetsRs 3,165 CroreRs 2,447 CroreRs 2,278 Crore
Rs 1,482 CroreTotal AssetsRs 15,205 CroreRs 10,529 CroreRs 11,280 Crore
Rs 14,405 CroreContingent LiabilitiesRs 93 CroreRs 0 CroreRs 0 Crore
Rs 0 Crore
Financial Ratios:Key financial ratios for Swiggy are as follows:
- Basic EPS (Mar 2025): -Rs 13.72
- Diluted EPS (Mar 2025): -Rs 13.72
- Book Value per Share (Mar 2025): Rs 44.70
- Dividend per Share: Rs 0.00
- Face Value: 1
- Gross Profit Margin (Mar 2025): -15.69%
- Operating Margin (Mar 2025): -19.71%
- Net Profit Margin (Mar 2025): -20.45%
- Return on Networth / Equity (Mar 2025): -30.49%
- ROCE (Mar 2025): -25.83%
- Return on Assets (Mar 2025): -20.49%
- Current Ratio (Mar 2025): 2.54
- Quick Ratio (Mar 2025): 2.52
- Debt to Equity (Mar 2025): 0.00
- Interest Coverage Ratios (Mar 2025): -23.76
- Asset Turnover Ratio (Mar 2025): 1.18%
- Inventory Turnover Ratio (Mar 2025): 292.32
- 3 Yr CAGR Sales (Mar 2025): 63.37%
- 3 Yr CAGR Net Profit (Mar 2025): -7.35%
- P/E (Mar 2025): -24.07
- P/B (Mar 2025): 7.38
- EV/EBITDA (Mar 2025): -30.20
- P/S (Mar 2025): 4.95
Corporate Actions:Swiggy's recent corporate actions include:
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation on August 28, 2025, regarding intimation of schedules of Investor Meetings.
- Shareholder Meeting / Postal Ballot-Outcome of AGM on August 21, 2025, regarding proceedings of the 12th Annual General Meeting of Swiggy Limited held on Thursday, August 21, 2025.
- Intimation Of Order on August 11, 2025, regarding intimation of order received for the period April 2023 to March 2024 passed by Deputy Commissioner, Uttar Pradesh GST department.
Moneycontrol analysis on September 16, 2025, indicated a very bullish sentiment on the stock.With the stock's last traded price at Rs 448.60, Swiggy has experienced a decline in early trade.