Swiggy Annual Reports, Balance Sheet and Financials
Last Traded Price 380.00 -2.56 %
Last Traded Price 380.00 -2.56 %
| Periods | 1 Week | 1 Month | 3 Months | 6 Months | 1 Year | 3 Years | All Time |
|---|---|---|---|---|---|---|---|
| Primex-40 | -145.41 (-4.18%) | -297.72 (-8.19%) | -497.79 (-12.98%) | -52.34 (-1.54%) | 783.88 (30.72%) | 1102.76 (14.31%) | 1586.00 (90.63%) |
| Swiggy Limited | 0.00 (0.00%) | 0.00 (0.00%) | 0.00 (0.00%) | -90.00 (-19.15%) | 35.00 (10.14%) | 20.00 (5.56%) |
|
Particulars |
31-03-2024 |
31-03-2023 |
|
Non-current assets |
|
|
|
Property plant and equipment |
4,527.85 |
3,137.49 |
|
Right of use assets |
5,877.99 |
5,458.25 |
|
Goodwill |
6,964.67 |
3,257.74 |
|
Other Intangible assets |
3,043.11 |
3,197.38 |
|
Investment in an associate |
603.58 |
669.72 |
|
Investments |
13,822.84 |
16,164.02 |
|
Other financial assets |
948.89 |
805.45 |
|
Income tax assets |
1,603.01 |
1,574.51 |
|
Other assets |
535.99 |
314.92 |
|
Current assets |
|
|
|
Inventories |
486.90 |
106.41 |
|
Investments |
37,284.70 |
48,571.52 |
|
Trade receivables |
9,638.50 |
10,623.49 |
|
Cash and cash equivalents |
8,870.51 |
8,325.21 |
|
Bank balances other than above |
38.00 |
313.97 |
|
Other financial assets |
8,268.00 |
6,518.66 |
|
Other assets |
2,779.67 |
3,767.71 |
|
Total assets |
1,05,294.21 |
1,12,806.45 |
|
Equity & Liabilities |
|
|
|
Equity share capital |
30.06 |
26.57 |
|
Instruments entirely equity in nature |
1,55,732.64 |
1,55,625.42 |
|
Other equity |
-77,848.09 |
-65,085.87 |
|
Non-current liabilities |
|
|
|
Borrowings |
959.77 |
- |
|
Lease Liabilities |
4,670.59 |
4,445.77 |
|
Other financial liabilities |
- |
374.37 |
|
Contract Liabilities |
290.12 |
- |
|
Provisions |
391.10 |
384.94 |
|
Current liabilities |
|
|
|
Borrowings |
1,152.09 |
- |
|
Lease Liabilities |
1,859.45 |
1,550.23 |
|
Trade payables |
8,808.98 |
8,731.74 |
|
Other financial liabilities |
6,394.16 |
3,916.56 |
|
Contract Liabilities |
209.35 |
350.41 |
|
Other liabilities |
1,856.74 |
1,666.94 |
|
Provisions |
787.25 |
819.37 |
|
Total equity and liabilities |
1,05,294.21 |
1,12,806.45 |
Swiggy Limited Profit & Loss Statement (Rs in Millions)
|
Particulars |
31-03-2024 |
31-03-2023 |
|
Income |
|
|
|
Revenue from operations |
1,12,473.90 |
82,645.96 |
|
Other income |
3,869.59 |
4,498.57 |
|
Total Income |
1,16,343.49 |
87,144.53 |
|
Expenses |
|
|
|
Cost of materials consumed |
610.83 |
719.99 |
|
Purchases of stock in trade |
45,547.50 |
33,019.51 |
|
Changes in inventory |
-116.34 |
69.23 |
|
Employee benefit expenses |
20,121.64 |
21,298.20 |
|
Finance costs |
714.03 |
581.92 |
|
Depreciation and amortization |
4,205.85 |
2,857.86 |
|
Advertising and sales promotion |
18,507.99 |
25,011.60 |
|
Delivery and related charges |
33,510.59 |
28,349.44 |
|
Other expenses |
16,371.75 |
16,396.24 |
|
Total expenses |
1,39,473.84 |
1,28,303.99 |
|
Loss before share of loss of an associate and exceptional items |
-23,130.35 |
-41,699.46 |
|
Share in net loss of an associate |
-66.14 |
-1.03 |
|
Loss Before exceptional items and tax |
-23,196.49 |
-41,700.49 |
|
Exceptional items |
-305.94 |
-92.56 |
|
Loss Before tax |
-23,502.43 |
-41,793.05 |
|
Loss for the year |
-23,502.43 |
-41,793.05 |
|
Other comprehensive income |
|
|
|
Items that will not be reclassified subsequently to profit & loss: |
|
|
|
Changes in fair value of equity instruments carried at fair value through other comprehensive income |
931.68 |
-95.86 |
|
Remeasurement gain/(loss) on defined benefit plans |
11.25 |
-32.82 |
|
Total Comprehensive income |
-22,559.50 |
-41,921.73 |
|
Loss per equity share (face value Rs. 1/-) |
|
|
|
Basic and Diluted |
-10.70 |
-19.33 |
|
Particulars |
31-03-2024 |
31-03-2023 |
|
Cash flows from used in operating activities |
|
|
|
Loss before tax |
-23,502.43 |
-41,793.05 |
|
Adjustments for reconcile the loss before tax to net cash flows: |
|
|
|
Depreciation and amortization expenses |
4,205.85 |
2,857.86 |
|
Income on investments carried at fair value through profit and loss |
-2,401.47 |
-2,114.43 |
|
Interest income on security deposits carried at amortised cost |
-64.22 |
-55.42 |
|
Interest expense on financial liabilities measured at amortised cost |
35.62 |
3.01 |
|
Gain on termination of leases |
-73.25 |
-167.74 |
|
Impairment loss on property, Plant and equipment |
127.70 |
92.56 |
|
Impairment on goodwill and other intangible assets |
178.24 |
- |
|
Share based payment expenses |
5,962.62 |
3,373.52 |
|
Loss on disposal/write off of property, plant and equipment |
152.45 |
28.45 |
|
Advances/deposits/receivables written off |
- |
7.05 |
|
Allowances for doubtfull debts and receivables |
635.89 |
333.96 |
|
Allowances for doubtful advances |
172.74 |
- |
|
Interest on borrowings |
76.67 |
- |
|
Interest on lease liabilities |
601.74 |
561.88 |
|
Interest income |
-1,145.41 |
-1,213.67 |
|
Share of loss of associate |
66.14 |
1.03 |
|
Provisions/Liabilities no longer required witten back |
-118.85 |
-311.70 |
|
Interest on income tax refund |
-63.51 |
-80.67 |
|
Operating loss before working capital adjustments |
-15,153.48 |
-39,011.03 |
|
Movements in working capital: |
|
|
|
(Increase)/Decrease in inventories |
-126.19 |
71.08 |
|
Decrease in trade receivables |
565.00 |
410.60 |
|
Increase in other financial assets |
-2,062.65 |
-3,112.31 |
|
Decrease in other assets |
1,026.40 |
1,285.91 |
|
(Increase)/Decrease in trade payables |
67.68 |
-662.76 |
|
Increase in other financial liabilities |
2,238.69 |
516.42 |
|
Increase in other liabilities |
184.56 |
45.48 |
|
Increase in contract liabilities |
149.06 |
39.34 |
|
Increase/decrease in provisions |
-54.43 |
267.51 |
|
Cash used in operating activities |
-13,165.35 |
-40,149.76 |
|
Income tax paid |
38.01 |
-449.33 |
|
Net Cash used in operating activities |
-13,127.35 |
-40,599.09 |
|
Cash flows from used in Investing activities |
|
|
|
Purchase of investments |
-82,721.27 |
-97,678.69 |
|
Proceeds from sale/maturity of investments |
1,00,122.19 |
1,38,437.43 |
|
Purchase of property, plant and equipment and other intangible assets |
-3,517.14 |
-1,682.99 |
|
Proceeds from disposal of property, plant and equipments and other intangibles assets |
77.02 |
110.13 |
|
Investments in term deposits, net |
275.97 |
-235.33 |
|
Interest received |
761.85 |
727.92 |
|
Acquisition of subsidiary |
-18.42 |
- |
|
Inter corporate loan given |
-395.62 |
- |
|
Net Cash used in Investing activities |
14,584.58 |
39,678.47 |
|
Cash flows from used in Financing activities |
|
|
|
Payment of principal portion of lease liabilties |
-1,636.46 |
-1,450.49 |
|
Payment of interest portion of lease liabilities |
-601.74 |
-264.99 |
|
Proceeds from borrowings |
3,976.97 |
- |
|
Repayment of borrowings |
-2,900.83 |
- |
|
Interest paid |
-65.90 |
- |
|
Net Cash used in Financing activities |
-1,227.95 |
-1,715.48 |
|
Net Increase in cash and cash equivalents |
229.28 |
-2,636.10 |
|
Cash and cash equivalents acquired through business combination |
136.60 |
- |
|
Cash and cash equivalents at the beginning of the year |
8,325.21 |
10,960.31 |
|
Cash and cash equivalents at the End of the year |
8,691.09 |
8,325.21 |
|
Components of cash and cash equivalents |
|
|
|
Cash in hands |
22.70 |
- |
|
Cheques in hand |
87.46 |
- |
|
Balances with banks |
|
|
|
In current accounts |
7,059.18 |
8,325.21 |
|
In deposit account |
1,701.17 |
- |
|
restricted cash held in separate account |
- |
2,125.17 |
|
Bank overdraft |
-179.42 |
- |
|
Total Cash and cash equivalents |
8,691.09 |
10,450.38 |
Here is a summary of the Cash Flow Statement for the years 2024 and 2023:
Cash Flows from Operating Activities:
For the year ending 31st March 2024, the company reported a loss before tax of Rs. 23,502.43 million, which improved compared to the loss of Rs. 41,793.05 million in 2023. Several non-cash adjustments were made to reconcile the loss before tax with net cash flows. These include depreciation and amortization expenses of Rs. 4,205.85 million (up from Rs. 2,857.86 million in 2023), and the impact of impairments on property, plant, equipment, goodwill, and intangible assets totaling approximately Rs. 305.94 million. Notable adjustments included gains from lease terminations (Rs. 73.25 million) and a loss on the disposal of assets (Rs. 152.45 million).
The company 's working capital adjustments in 2024 reflect efforts to improve operational efficiency. For example, there was an increase in financial liabilities (Rs. 2,238.69 million) and a decrease in trade receivables (Rs. 565 million). However, inventories increased by Rs. 126.19 million, contributing to a larger operating cash outflow. Despite these adjustments, the company generated an operating loss before working capital adjustments of Rs. 15,153.48 million in 2024 (improved from Rs. 39,011.03 million in 2023).
After working capital changes and taxes, the company reported net cash used in operating activities of Rs. 13,127.35 million in 2024, a smaller outflow compared to Rs. 40,599.09 million in 2023.
Cash Flows from Investing Activities:
Investing activities in 2024 show a net cash inflow of Rs. 14,584.58 million, a significant drop compared to Rs. 39,678.47 million in 2023. This is primarily due to the sale and maturity of investments, which generated Rs. 100,122.19 million in 2024, although lower than Rs. 138,437.43 million in 2023. On the expenditure side, the company spent Rs. 82,721.27 million on purchasing investments and Rs. 3,517.14 million on acquiring property, plant, and equipment (PPE), which represents an increase from the previous year.
The company also received interest income (Rs. 761.85 million) and proceeds from disposals of PPE (Rs. 77.02 million), contributing to the overall cash inflow from investing activities. These inflows were slightly offset by an inter-corporate loan given of Rs. 395.62 million and the acquisition of a subsidiary (Rs. 18.42 million).
Cash Flows from Financing Activities:
In 2024, financing activities resulted in a net cash outflow of Rs. 1,227.95 million, compared to a larger outflow of Rs. 1,715.48 million in 2023. The company paid Rs. 1,636.46 million as the principal portion of lease liabilities and Rs. 601.74 million as interest on lease liabilities. However, it raised Rs. 3,976.97 million from borrowings, although Rs. 2,900.83 million was used for debt repayment.
Net Increase in Cash and Cash Equivalents:
The company experienced a net increase in cash and cash equivalents of Rs. 229.28 million in 2024, a reversal from the net decrease of Rs. 2,636.10 million in 2023. Cash and cash equivalents at the end of the year stood at Rs. 8,691.09 million, compared to Rs. 8,325.21 million at the start of the year.