Are Swiggy latest results good or bad?

Swiggy's financial results for the quarter ending March 2025 present a mixed picture. The company reported net sales of Rs 2,399.63 crore, which is the highest quarterly sales figure in the last five quarters, indicating a positive trend in sales performance. However, this achievement is overshadowed by significant declines in profitability metrics.
The Profit Before Tax less Other Income (PBT) was recorded at Rs -1,088.05 crore, which represents a notable decline compared to the previous four quarters' average. Similarly, the Profit After Tax (PAT) stood at Rs -927.45 crore, reflecting a substantial drop from the average PAT over the same period. Additionally, the operating profit was reported at Rs -1,060.31 crore, marking the lowest figure in the last five quarters, with the operating profit margin declining to -44.19%.

The quarterly results also show a QoQ growth in net sales of 4.43%, which is a decrease from the previous quarter's growth rate. The standalone net profit experienced a decline of 48.18% compared to the prior quarter, further highlighting challenges in profitability.

Overall, while Swiggy achieved record sales, the significant downturn in profitability metrics suggests the company is facing considerable operational challenges. Furthermore, there has been an adjustment in its evaluation, reflecting these financial dynamics.