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Eternal Ltd (formerly Zomato) reported a consolidated net profit of ₹39 crore for the January-March quarter of fiscal year 2024-25 fiscal (FY25), a sharp decline from ₹175 crore in the same period last year, even as revenue surged across its core business segments. The latest profit figure fell well short of expectations. A group of six analysts had forecast a profit of ₹72.
2 crore, while three others had projected a loss ranging from ₹24.6 crore to ₹77.1 crore for the quarter.
Consolidated revenue for the quarter stood at ₹5,833 crore, a significant increase from ₹3,562 crore a year earlier. The company’s adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) came in at ₹165 crore, down from ₹194 crore in the same quarter last year. For the full financial year ending March 2025, Eternal posted a net profit of ₹527 crore, up from ₹351 crore in FY24.
Annual revenue rose strongly to ₹20,243 crore from ₹12,114 crore. Segment-wise, food delivery remained a major contributor, with gross order value reaching ₹9,778 crore in the March quarter, marking a 16% rise from the previous year. Revenue from food delivery climbed 17% to ₹2,409 crore.
Also read | Phoenix Mills Q4 Results | Net profit, revenue drop; margin widens to 55%; declares dividend Quick commerce continued its rapid expansion, with gross order value soaring 134% year-on-year (YoY) to ₹9,421 crore. Revenue from the segment also jumped 122% to ₹1,709 crore. The company’s ‘going-out’ category, which includes events and experiences, recorded gross order value of ₹2,184 crore, up 104% from the year before.
Revenue from the segment more than doubled to ₹229 crore, reflecting a 146% YoY increase. Hyperpure, Eternal’s business-to-business (B2B) supplies business, also showed strong performance, with revenue rising 93% to ₹184 crore. Average monthly customers rose to 13.
7 million during the quarter, up from 10.6 million in the previous three months. The company added 294 new stores during the quarter versus 216 additions in the preceding quarter.
Despite the drop in quarterly profit, the full-year results point to robust operational momentum, particularly in newer verticals such as quick commerce and Hyperpure, which are helping to broaden Eternal’s revenue base beyond its legacy food delivery business. Eternal is the corporate identity adopted by Zomato Ltd to reflect its growing portfolio beyond the core food delivery service. Also read: Federal Bank Q4 results: Net profit rises 14%; beats estimates.
