Swiggy Ltd. reported a significant improvement in its financial performance for the first quarter of FY27, with its net loss narrowing year-on-year, according to an exchange filing on Thursday.The food delivery and quick commerce company posted a consolidated net loss of ₹791 crore during the quarter, compared with a loss of ₹1,197 crore in the same period last year.
Swiggy’s revenue from operations recorded strong growth, rising 37.3% to ₹6,812 crore from ₹4,961 crore in the year-ago quarter, reflecting continued expansion across its business segments.The company also saw reduced pressure on its operational performance, with earnings before interest, taxes, depreciation, and amortisation (EBITDA) loss narrowing to ₹650 crore from ₹954 crore in the corresponding quarter of the previous year.
The improvement in losses along with strong revenue growth highlights Swiggy’s progress toward strengthening its financial position.
