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Swiggy narrows June-quarter loss as food delivery and Instamart GOV accelerate

Swiggy reported improved June-quarter profitability, with losses narrowing as food delivery and Instamart GOV grew. The market roundup also highlighted strong quarterly results at Bajaj Finserv and Bajaj Finance, whose financial-services growth can affect Indian consumer spending and retail financing.

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Reported figures

From the report. Source details below

Swiggy consolidated net loss narrowed to Rs 791 crore from Rs 1,197 crore year-on-year
Swiggy revenue rose 37.31% year-on-year to Rs 6,812 crore
Swiggy EBITDA loss reduced 31.87% to Rs 650 crore
Food delivery GOV rose 17.4% to Rs 9,490 crore
Instamart GOV rose 39.8% to Rs 7,907 crore
Instamart contribution margin improved to negative 0.2%
Bajaj Finserv profit rose 12.31% to Rs 3,132.35 crore and revenue increased 19.13% to Rs 42,036.90 crore
Bajaj Finance net profit rose 27% to Rs 5,986 crore and AUM grew 24% to Rs 5,46,944 crore

The source

Source Read the source at Financial Express

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