Eternal approves Q2 results, Going-out biz transfer, Mygate share swap
ETERNAL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.9 pts less than Nifty 100 and 0.4 pts more than its E-Retail/ E-Commerce peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Board approved Q2 and H1 FY27 results. Q2 consolidated revenue rose to INR 24,138 crore from 13,590 crore. Net profit grew to INR 125 crore from 65 crore, driven by Blinkit. Going-out business moves to subsidiary ZEPL via slump sale for about INR 130.76 crore. Eternal also swapped its Adonmo stake for Mygate shares, holding about 4.4 percent in the merged entity, valued at INR 156 crore. Deloitte flagged pending GST orders around INR 553 crore.
Restructuring streamlines Going-out biz into ZEPL for better focus. Mygate swap is portfolio rebalancing. Strong Blinkit-led growth. GST orders remain an overhang.