During Tuesday’s trading session, shares of India’s pioneering on-demand convenience platform moved down by nearly 7.3 percent to hit a new 52-week low at Rs. 297 on BSE.
With a market cap of Rs. 75,719.6 crores, at 10:23 a.m., the shares of Swiggy Limited were trading in the red at Rs. 303.65, down by nearly 5.3 percent, as against its previous closing price of Rs. 320.5. Since its listing, the stock has delivered negative returns of nearly 30 percent.
What’s the News
Shares of Swiggy Limited dropped on May 13th following the end of the mandatory lock-in period for pre-IPO investors. The six-month lock-in for non-promoter shareholders expired on May 12th, making a large portion of shares eligible for trading and triggering selling pressure in the market.
According to reports, around 189.8 crore shares — roughly 83 percent of Swiggy’s total shareholding — became eligible for trading as the lock-in ended. These locked-in shares are estimated to be worth about Rs. 62,000 crores.
It’s important to note that the end of the lock-in period doesn’t mean all these shares will immediately be sold. It simply means that investors are now allowed to trade them in the secondary markets.
Financial Performance
Swiggy posted positive operating revenue, increasing by 45 percent YoY, rising from Rs. 3,046 crore in Q4 FY24 to Rs. 4,410 crore in Q4 FY25. However, its net loss widened by around 95 percent YoY from Rs. 555 crores to Rs. 1,081 crores, over the same period.
The company reported a total consolidated revenue of Rs. 15,236 crores in FY25. Its top revenue contributor was the Supply Chain and Distribution segment, which brought in Rs. 6,417.5 crores, contributing 42.1 percent to the total.
The food delivery business generated Rs. 6,361.7 crores, making up 41.8 percent of revenue. Swiggy Instamart, the quick commerce vertical, contributed Rs. 2,129.6 crores or 14 percent. The Out of Home Consumption category added Rs. 238.45 crores (1.6 percent), and Platform Innovations accounted for Rs. 88.3 crore, contributing 0.6 percent.
About the Company
Founded in 2014, Swiggy Limited, India’s pioneering on-demand convenience platform, is a new-age, consumer-first technology company offering users an easy-to-use convenience platform, accessible through a unified app.
Written by Shivani Singh
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