Swiggy Shares Fall to a Record Low After Q2 Results

Swiggy is a popular food delivery app, now seeing record low shares fall after the company declared its Q2 results. The company had witnessed around a 15 percent fall in its shares as of Friday, following September quarter results.

Swiggy shares dropped below the 200 mark, reaching a new low of 180.30 on the BSE, down 14.6 percent from the previous closing of 211.30 per share. This change is highly important to not down. According to the reports, during the new age stock’s fourth consecutive day of losses today, it has dropped 22 percent.

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The investors are paying close attention to the share. The value of the stock has fallen by more than half from its offering price of Rs. 390 per share. Analysts say that although Swiggy’s consolidated net loss for the September quarter of FY27 was Rs. 922 crore, down from Rs. 1,092 crore a year earlier, it was still greater than expected.

What to Know About Swiggy’s Performance?

1) According to an exchange filing, revenue from operations increased 36 percent year over year to Rs. 7,571 crore in the second quarter of FY27, from Rs. 5,661 crore in the same time last fiscal year.

2) From the Rs. 695 crore stated in the same period last year, the consolidated adjusted EBITDA loss grew to Rs. 760 crore.

3) According to the statement, Swiggy’s gross order value (GOV) increased by 17.7 percent year over year to Rs. 10,054 crore.

(Disclaimer: Given the input is on an information basis, please seek professional advice.)