Eternal’s Q1 net profit falls 90%, revenue up 70% on Blinkit surge

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rel=”dofollow” href=”https://economictimes.indiatimes.com/eternal-ltd/stocks/companyid-57948.cms” target=”_blank”>Zomato and Blinkit parent rel=”dofollow” href=”https://economictimes.indiatimes.com/eternal-ltd/stocks/companyid-57948.cms” target=”_blank”>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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Eternal’s Q1 net profit falls 90%, revenue up 70% on Blinkit surge



rel=”dofollow” href=”https://economictimes.indiatimes.com/eternal-ltd/stocks/companyid-57948.cms” target=”_blank”>Zomato and Blinkit parent rel=”dofollow” href=”https://economictimes.indiatimes.com/eternal-ltd/stocks/companyid-57948.cms” target=”_blank”>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…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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