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The stock movement was further supported by a statement from competitor Eternal (formerly Zomato), which confirmed it is discontinuing its 10-minute delivery service, Quick. Eternal also announced the closure of its home-style meal delivery service Everyday, citing a lack of path to profitability without compromising customer experience.
Swiggy reported that Bolt now accounts for more than 10% of food delivery orders on its platform. The company stated that demand has been strong across metropolitan areas as well as Tier 2 and Tier 3 cities, supported by a network of over 45,000 restaurant partners.
According to Swiggy, Bolt is designed to optimize operational efficiency through smart backend systems, a curated menu of high-demand, low-preparation items, and a 2-km delivery radius. The service features offerings from major quick service restaurant (QSR) brands including KFC, McDonald’s, Subway, Faasos, Burger King, and Curefoods, along with various regional brands.
Rohit Kapoor, CEO of Swiggy’s Food Marketplace, stated that Bolt addresses the evolving needs of customers seeking speed without compromising food quality. He noted the service’s rapid scale-up to over 500 cities as a significant milestone.
In contrast, Eternal CEO Deepinder Goyal explained that the current restaurant density & kitchen infrastructure was not suited to the demands of a 10-minute delivery model. He added that the pilot for Quick did not yield incremental demand and maintaining customer experience at that speed was not feasible under current conditions.
The withdrawal of its key competitor from the quick delivery segment is being viewed as a positive development for Swiggy’s Bolt initiative.
Swiggy is India's pioneering on-demand convenience platform, catering to millions of consumers each month. Founded in 2014, its mission is to elevate the quality of life for the urban consumer by offering unparalleled convenience, enabled by over 5 lakh delivery partners. With an extensive footprint in food delivery, Swiggy Food collaborates with over 2 lakh restaurants across 700+ cities. Instamart, its quick commerce platform operating in 100+ cities, delivers groceries and other essentials across 20+ categories in 10 minutes. Fueled by a commitment to innovation, Swiggy continually incubates and integrates new services like Swiggy Dineout and Swiggy Genie into its multi-service app. Leveraging cutting-edge technology and Swiggy One, the country’s only membership program offering benefits across food, quick commerce, dining out, and pick-up and drop services, Swiggy aims to provide a superior experience to its users.
Swiggy's board will consider Q4FY25 results on 9 May 2025. The company reported consolidated net loss of Rs 799.08 crore in Q3 FY25 compared with net loss of Rs 574.38 crore in Q3 FY24. However, revenue from operations jumped 30.98% to Rs 3993.06 crore in Q3 FY25 compared with Rs 3,048.69 crore in Q3 FY24.
RBL Bank shares are banned from F&O trading on 2 May 2025.
Upcoming Results:
V-Mart Retail, Godrej Properties, Archean Chemical Industries, Aether Industries, Ami Organics, City Union Bank, Gravita India, Indian Overseas BanK, Jindal Saw, Latent View Analytics, Marico, Newgen Software Technologies, Parag Milk Foods, R R Kabel, Sunteck Realty and Tatva Chintan Pharma Chem will declare their result later today.
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Auto stocks will be watched closely as they report monthly sales figures.
Eternal (Zomato)’s consolidated net profit declined 77.84% to Rs 39 crore in Q4 FY25 as compared with Rs 176 crore in Q4 FY24. Revenue from operations jumped 63.76% YoY to Rs 5,833 crore in Q4 FY25.
Adani Enterprises’ consolidated net profit from continuing operations surged to Rs 4014.90 crore in Q4 FY25 as compared with Rs 350.80 crore in Q4 FY24. Revenue from operations fell 7.59% YoY to Rs 29,180.02 crore in Q4 FY25.
Adani Ports & Special Economic Zone (APSEZ) reported a 47.78% jump in consolidated net profit to Rs 3,014.22 crore in Q4 FY25 as compared with Rs 2,039.66 crore in Q4 FY24. Revenue from operations jumped 23.08% YoY to Rs 8488.44 crore during the quarter ended 31st March 2025.
Home First Finance Company India’s standalone net profit jumped 25.44% to Rs 104.69 crore on 32.58% increase in revenue from operations to Rs 414.66 crore in Q4 FY25 over Q4 FY24.
Tata Motors’s total sales fell 6.15% to 75,753 units in April 2025 as compared with 77,521 units in April 2024. Domestic sales declined 4% to 70,963 units in April 2025 as against 76,399 units in April 2024.
JSW Infrastructure’s consolidated net profit increased 54.3% YoY to Rs 509.37 crore during the quarter 31s March 2025 as compared with Rs 330.01 crore in Q4 FY24. Net sales stood at Rs 1,283.18 crore in Q4 FY25, up 17% as compared with Rs 1,096.38 crore in Q4 FY24.
For the full year,net profit rose 50.14% to Rs 527.00 crore in the year ended March 2025 as against Rs 351.00 crore during the previous year ended March 2024. Sales rose 67.10% to Rs 20243.00 crore in the year ended March 2025 as against Rs 12114.00 crore during the previous year ended March 2024.
Total operating expenditure rose by 65.7% year-over-year (YoY) to Rs 5761 crore during the period under review.
Consolidated adjusted earnings before interest, tax, depreciation, and amortisation (EBITDA) declined 15 per cent YoY to Rs 165 crore in Q4 FY25. Interest expense and depreciation charge for the fourth quarter were Rs 56 crore (up 180% YoY) and Rs 287 crore (up 105% YoY), respectively.
Profit before tax in Q4 FY25 stood at Rs 97 crore, down by 39.8% from Rs 161 crore recorded in Q4 FY24. Tax outgo for the March 2025 quarter was Rs 74 crore.
The food and grocery delivery company’s profitability was significantly impacted due to mounting losses from the company’s quick commerce business.
The company stated that it would continue to aggressively chase market share in quick commerce, ensuring that near-term profit goals don’t come in the way of long-term growth.
For FY25, Eternal has reported net profit of Rs 527 crore (up 50.1% YoY) and revenue from operations of Rs 20,243 crore (up 67.1% YoY).
Eternal is an Indian multinational technology company. It is the parent company of Zomato, Blinkit, District and Hyperpure.
The scrip rose 0.67% to currently trade at Rs 234.05 on the BSE.
In the cash market, the Nifty 50 index rose 12.50 points or 0.05% to 24,346.70.
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, rose 0.19% to 18.26.
Eternal, State Bank of India and Reliance Industries were the top-trading individual stock futures contracts in the F&O segment of the NSE.
The May 2025 F&O contracts will expire on 29 May 2025.