Eternal’s profit rises 73% to ₹102 crore: 202% jump in revenue; Company benefits from increase in orders and users of Blinkit

Eternal’s profit rises 73% to ₹102 crore: 202% jump in revenue; Company benefits from increase in orders and users of Blinkit




Zomato-Blinkit’s parent company Eternal has released the results for the third quarter of the financial year 2025-26. The company’s consolidated net profit increased by 73% year-on-year to Rs 102 crore. In the same quarter last year, the company had made a profit of Rs 59 crore. The company’s revenue from operations has increased by 202% during the October-December quarter. It has increased to ₹16,315 crore as compared to ₹5,405 crore last year. However, with business expansion, the company’s expenses have also increased. Total expenses in the third quarter rose 198% to ₹16,493 crore from ₹5,533 crore a year ago. Order value of food delivery reached ₹ 9,846 crore. Net order value of this business was ₹ 9,846 crore. At the same time, the number of customers transacting every month on Zomato app has increased to 2.49 crore, which was 2.05 crore last year. Blinkit’s revenue increased by 776% to ₹12,256 crore. Revenue of quick commerce vertical ‘Blinkit’ increased by 776% to ₹12,256 crore. The number of users doing transactions every month has increased from 1.06 crore to 2.36 crore. At the same time, the company has doubled the number of its dark stores. It has now become 2,027. Ticketing and events business also improved. Eternal’s ‘going out’ segment revenue grew 16% year-on-year to ₹300 crore. In the last quarter (July-September) it was ₹189 crore. The net order value of this segment has also increased to ₹2,587 crore. The ‘Going Out’ segment includes dining and events. 5% rise in Eternal’s shares. The company’s shares closed today at ₹ 283.40 with a gain of 4.9%. In the last one year, Zomato has given returns of more than 30%. The stock has risen only 4% in the last 6 months. Zomato’s Deepinder Goyal resigns from the post of CEO. Eternal’s founder Deepinder Goyal has decided to step down from the post of Group CEO. In his place, Blinkit CEO Albinder Dhindsa will be the new Group CEO. The company informed this to the stock exchange on Wednesday, January 21. Goyal will remain on the board, playing the role of Vice Chairman. Even though Deepinder Goyal is leaving the post of CEO, he is not completely separating from the company. After getting the approval of the shareholders, he will serve as the Vice Chairman on the Board of Directors of the company. Goyal said, “I have devoted nearly 18 years of my life to building this company. I will be involved in long-term strategy, culture and leadership development.” Consolidated profit means the performance of the entire group. The results of companies come in two parts – standalone and consolidated. Standalone reports show the financial performance of only one unit, while consolidated financial reports report on the entire company. Here, Eternal has 22 subsidiaries including Zomato, Blinkit and 1 trust. The financial reports of all these will be called consolidated. Whereas, the separate results of Blinkit or Zomato will be called standalone. Deepinder created Foodibay in 2008



Source link
[ad_3]

Leave a Reply

Your email address will not be published. Required fields are marked *