Outcome of Board meeting dated April 28, 2026.
ETERNAL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Eternal Limited (formerly Zomato) reported consolidated FY2026 revenue of Rs 54,364 crore, a significant increase from Rs 20,243 crore in FY2025, though this includes acquisitions. Profit after tax stood at Rs 366 crore versus Rs 527 crore in prior year, with basic EPS of Rs 0.40. Q4 FY2026 showed revenue of Rs 17,292 crore and PAT of Rs 174 crore. The board approved transfer of the District platform's technology stack and employees to Wasteland Entertainment Private Limited (WEPL), its wholly-owned subsidiary, for Rs 24.19 crore. Deloitte issued unmodified audit opinion on the financials. The company faces GST show cause notices totaling Rs 447 crore related to delivery charges, though management believes it has a strong case. CEO Deepinder Goyal resigned effective February 1, 2026, succeeded by Albinder Singh Dhindsa.
The large jump in revenue partly reflects acquisitions and quick commerce business model changes, while PAT declined due to higher costs. The Rs 24 crore asset transfer to subsidiary is a related party transaction at arm's length, unlikely to have material impact on shareholder value. The unresolved Rs 447 crore GST matter remains a contingent liability to monitor.