Mumbai, Oct 16
Food delivery company Eternal, formerly known as Zomato, on Thursday reported a sharp 63 per cent drop in its net profit for the July–September quarter of the current financial year (Q2 FY26).
The company posted a profit of Rs 65 crore, compared to Rs 176 crore in the same period last fiscal (Q2 FY25). However, the profit was higher than the Rs 25 crore reported in the previous quarter (Q1 FY26).
“Our customer base continues to expand rapidly which is giving us the confidence to continue investing in building District as the one-stop destination in India for discovering multiple going-out use-cases,” Deepinder Goyal, Founder & CEO, Eternal said.
Eternal’s stock came under pressure after hitting a 52-week high earlier in the day ahead of its earnings announcement. The shares closed the intra-day trading session at Rs 340.50, down Rs 13.85 or 3.91 per cent apiece on the NSE.