Shares of Eternal, the parent entity of food delivery platform Zomato and quick commerce platform Blinkit, were trading flat on Thursday, October 21, even as the company reported a strong consolidated net profit of Rs 125 crore for the July-September quarter, nearly doubling from Rs 65 crore a year ago, on the back of robust top-line growth.
On the NSE, Eternal shares opened slightly lower at Rs 312 against the previous close of Rs 312.35. At the time of write the report at around 10.20 am, the stock was trading down 0.53 per cent at Rs 310.25, as investors appeared to focus on higher growth investments and EBITDA miss, even as revenue and order values registered strong growth in Q2FY27 earnings, released by the company on Wednesday post market hours.
Eternal’s revenue from operations stood at Rs 24,138 crore in the quarter under review, up from Rs 13,590 crore on a year-on-year basis, according to a regulatory filing to the exchanges.
Meanwhile, its total expenses also shot up to Rs 24,166 crore from Rs 13,813 crore a year ago.
Blinkit added 308 net new stores, taking its network to 2,751 stores, and expects to cross 3,500 stores by March 2027.