Food delivery platform Swiggy detailed a 39 per cent rise in net loss to Rs 799 crore in Q3FY25, compared to Rs 574 crore in the same quarter final year, as per administrative filings.

Despite the widening loss, income from operations surged 31 per cent year-on-year (YoY) to Rs 3,993 crore, up from Rs 3,049 crore in Q3FY24. The company attributed its losses to speculations in quick-commerce, dull store extension, and showcasing, amid strongly competition.

"The common development in food delivery margins and cash flow generation is adjusted by development ventures being made in quick commerce, counting dark stores development and showcasing, amidst tall competitive intensity in the close term," said Sriharsha Majety, MD and Group CEO, Swiggy, in a statement.

Swiggy’s gross order value (GOV) developed 38 per cent YoY to Rs 12,165 crore, whereas its solidified balanced EBITDA loss diminished 2 per cent YoY to Rs 490 crore. However, on a sequential basis, the EBITDA misfortune expanded marginally to Rs 149 crore, filings showed.

Swiggy’s profit come amid Zomato’s benefit decrease of 57 per cent YoY to Rs 59 crore in Q3, in spite of a 64 per cent income development to Rs 5,404 crore. Zomato had as of late flagged concerns over a slowdown in the food delivery segment.

On Wednesday, Swiggy’s offers on BSE closed 3.6 per cent lower at Rs 418.6 each.