Swiggy Reports Q3 Loss of Rs 922 Crore Amid Investor Tracking
1 report, 1 independent
Updated Oct 1
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What happened
Swiggy reported a consolidated loss after tax of Rs 922 crore for the September quarter, according to. This loss was a narrowing from the Rs 1,092 crore recorded in the year-ago period, but it widened sequentially from Rs 792 crore in the June quarter. Both Swiggy and Infosys are currently subjects of investor tracking.
From indiatimes.com
Why it matters
The reported quarterly loss for Swiggy provides insight into the financial health of the quick-commerce sector. Investor attention on companies like Infosys and Swiggy is tied to tracking earnings, credit rating updates, and new business wins.
From indiatimes.com
Who's involved
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Related events
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- Infosys is facing cautious revenue growth estimates from analysts Motilal Oswal and Nomura.
- Goldman Sachs lowered its growth expectations for the IT sector, impacting major players like Infosys.
- Infosys collaborated with Mondelez International to drive supply chain transformation.
- Nandan Nilekani forecasts a significant shift in the job market within India.