Swiggy Share Price Surge to All-Time High Reaching ₹617/ Share

On December 23, 2024, on the BSE, Swiggy share price rose 3.26% to ₹595.40 by 12:44 PM (IST), hitting a 52-week high of ₹617 during the intra-day session, compared to its 52-week low of ₹390.70 on November 13, 2024. This surge came even as the BSE Sensex jumped 428.19 points to 78,469.79 by 12:44 PM.

According to BSE data, Swiggy saw a total traded volume of 12.42 lakh shares, with a turnover of ₹74.31 crore.

Swiggy’s Shareholding Structure

As of September 30, 2024, the company’s shareholding structure remained largely with the public, holding an 86.66% stake in Swiggy. Foreign Institutional Investors (FIIs) owned 5.22% of the company, while Domestic Institutional Investors (DIIs) held 8.11%.

Swiggy Reports Q2 FY25 Results

In a regulatory filing on December 3, Swiggy revealed its financial performance for the July-September quarter of fiscal year 2024-25 (Q2FY25). The company posted a consolidated net loss of ₹625.5 crore, an improvement from last year’s loss of ₹657 crore in the same period.

Despite the loss, Swiggy reported strong revenue growth, with revenue from operations increasing by 30% year-on-year (YoY) to ₹3,601.45 crore, up from ₹2,763.33 crore in Q2FY24. However, the company’s total expenses also grew, reaching ₹4,309.54 crore in the current quarter, compared to ₹3,506.63 crore last year.

Operational Performance and EBITDA Loss

Swiggy’s operational performance showed some positive signs, with its EBITDA (earnings before interest, taxes, depreciation, and amortization) loss narrowing to ₹555 crore for the quarter, compared to ₹624 crore in the same period last year.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.