ETERNAL Q2 : CONS NET PROFIT UP 92% AT ₹125 CR (YOY), UP 36% (QOQ). STRONG (ON 1ST LOOK)

Revenue up 77.6% at ₹24,138 Cr (YOY), up 19.4% (QOQ). Profit before tax up 150.4% at ₹323 Cr (YOY), up 18.8% (QOQ). Quick commerce revenue up 93.6% at ₹19,152 Cr (YOY), up 22.3% (QOQ). Board approved slump sale of Going-out India business to ZEPL for ~₹130.76 Cr. Adonmo shares to be swapped for ~4.4% fully diluted stake in merged Mygate, valued at ₹156 Cr. Caution: GST demand orders of ₹420 Cr and ₹14 Cr plus SCNs of ₹119 Cr; company says strong case on merits.

Eternal Ltd

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