Results
Eternal Profit Jumps 92%, but Rising Costs Drag on Q2 Results
Dive into Eternal's latest Q2 financial results where net profit saw a significant jump of 92.3%, reaching ₹125 crore. While revenue surged by 77.6% to ₹24,138 crore, primarily fuelled by the robust growth in its quick-commerce vertical, Blinkit, the company faced headwinds. Rising expansion and operating costs impacted the bottom line, keeping profits below analyst estimates. This financial update from NDTV Profit highlights the critical role of Blinkit's scaling in Eternal's future growth strategy, especially as they aim for FY27 earnings targets. Explore the nuances of this impact news within the broader context of Indian e-commerce and quick commerce markets.
Dive into Eternal's latest Q2 financial results where net profit saw a significant jump of 92.3%, reaching ₹125 crore. While revenue surged by 77.6% to ₹24,138 crore, primarily fuelled by the robust growth in its quick-commerce vertical, Blinkit, the company faced headwinds. Rising expansion and operating costs impacted the bottom line, keeping profits below analyst estimates. This financial update from NDTV Profit highlights the critical role of Blinkit's scaling in Eternal's future growth strategy, especially as they aim for FY27 earnings targets. Explore the nuances of this impact news within the broader context of Indian e-commerce and quick commerce markets.
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Results
Private Banks Q2 FY27: ICICI Leads Growth as Axis Delivers Profit Surge
Results
Axis Bank Shares Fall 4% Despite Strong Profit Growth as Brokerages Stay Bullish
- Axis Bank shares dropped 4% after quarterly profit rose 37.6% to ₹7,003 crore
- Net interest income grew 11.8%, while improving asset quality supported the bank’s performance
- Jefferies retained a Buy rating with a ₹1,700 target, despite concerns over margins and costs