Swiggy Q3 Results: Date, Time, Earnings Call Details, Share Price History And More
Swiggy has also scheduled a virtual conference call to discuss its Q3 performance at 6 p.m. on Feb. 5.
Swiggy Ltd. is set to announce its Q3 earnings results next week. The company, which operates a food and grocery delivery platform, went public in November last year, launching an initial public offering to raise Rs 11,327.43 crore from the primary market.
The mainboard public issue received strong interest from the investors and was subscribed over 3.5 times. Shares of the company listed at Rs 420 per share on the National Stock Exchange, marking a premium of around 8% over the issue price of Rs 390.
With the online food tech industry expanding in India, Swiggy has emerged as a key player. Here's everything you need to know about Swiggy's Q3 results:
Swiggy Q3 Results: Date And Time
Swiggy in an exchange filing dated Jan. 28 told the bourses that its board will meet to discuss and approve the financial statement for the December 2024 quarter on Feb. 5.
"We wish to inform you that a meeting of the Board of Directors of the Company is scheduled to be held on Wednesday, February 05, 2025, to inter-alia consider and approve the unaudited financial results (standalone and consolidated) of the Company for the quarter and nine months ended December 31, 2024," it said.
The trading window to deal in the securities of Swiggy will remain suspended for the company's designated persons and their immediate relatives till the closure of a 48-hour window after the announcement of the results.
Swiggy has also scheduled a virtual conference call to discuss its Q3 performance at 6 p.m. on Feb. 5.
Swiggy Q3 Share Price History
Swiggy shares have been on a decline amid broader market concerns affecting the food delivery sector. The stock has declined over 11% over the past five trading sessions and fallen more than 26% in a month. Shares of Swiggy Ltd. have dropped more than 5.5% since the listing day.
Swiggy Q2 Results
Swiggy posted a 12% quarter-on-quarter rise in its revenue at Rs 3601 crore in Q2 in comparison to Rs 3222 crore reported in the preceding three months. Ebitda loss in the quarter under review was Rs 554 crore versus Rs 544 crore in Q1.
The company's net loss widened to Rs 626 crore in Q2 from Rs 611 crore in the June 2024 quarter.
