Swiggy shares crash 17% to hit 52-week low after Q2 results

Swiggy shares plunged 17.2% to a 52-week low of ₹174.90 in intraday trade on Friday following its September quarter results, extending a one-month decline to 35%.

The company reported a 17.7% year-on-year growth in food delivery gross order value to ₹10,054 crore, alongside its seventh successive quarter of profitability with an adjusted EBITDA margin of 3.4%.

Monthly transacting users for food delivery rose 15.2% year-on-year to reach 19.8 million, while out-of-home consumption grew 34.9% to ₹1,508 crore.