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Eternal’s Q1 net profit falls 90%, revenue up 70% on Blinkit surge
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Zomato and Blinkit parent Eternal on Monday reported a 90% year-on-year drop in its net profit for the April-June period, even as its operating revenue surged by 70% led by the rapid growth in its quick commerce business.
Eternal reported operating revenue of Rs 7,167 crore for the June quarter, up from Rs 4,206 crore a year earlier, while its net profit came in at Rs 25 crore against Rs 253 crore for the first quarter of FY25. Despite the steep fall in profit, Eternal’s stock gained 7.5% to close at Rs 276.50 on the NSE on Monday, buoyed by the rapid…
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