Integrated Filing — IndAS



General information about company

Scrip Code 543320
NSE Symbol ETERNAL
MSEI Symbol NOTLISTED
ISIN INE758T01015
Name of company Eternal Limited
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2025
Date of end of financial year 31-03-2026
Date of board meeting when results were approved 21-01-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 15-01-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Third quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Unaudited
Segment Reporting Multi segment
Description of single segment
Start date and time of board meeting 21-01-2026   14:00:00
End date and time of board meeting 21-01-2026   15:35:00
Whether cash flow statement is applicable on company
Type of cash flow statement
Declaration of unmodified opinion or statement on impact of audit qualification Not applicable



Financial Results Ind-AS

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-10-2025 01-04-2025
B Date of end of reporting period 31-12-2025 31-12-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
1 Income
Revenue from operations 16,31,500.00 37,07,200.00
Other income 34,800.00 1,05,400.00
Total income 16,66,300.00 38,12,600.00
2 Expenses
(a) Cost of materials consumed 1,500.00 1,500.00
(b) Purchases of stock-in-trade 10,07,600.00 21,42,800.00
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade (29,000.00) (1,61,600.00)
(d) Employee benefit expense 91,400.00 2,60,900.00
(e) Finance costs 10,700.00 26,000.00
(f) Depreciation, depletion and amortisation expense 43,900.00 1,12,900.00
(f) Other Expenses
1 Advertisement and sales promotion 93,700.00 2,41,400.00
2 Delivery and related charges 2,37,600.00 6,45,800.00
3 Others 1,91,900.00 5,04,200.00
Total other expenses 5,23,200.00 13,91,400.00
Total expenses 16,49,300.00 37,73,900.00
3 Total profit before exceptional items and tax 17,000.00 38,700.00
4 Exceptional items 0.00 0.00
5 Total profit before tax 17,000.00 38,700.00
6 Tax expense
7 Current tax 8,400.00 24,300.00
8 Deferred tax (1,600.00) (4,800.00)
9 Total tax expenses 6,800.00 19,500.00
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations 10,200.00 19,200.00
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax 0.00 0.00
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0.00 0.00
16 Total profit (loss) for period 10,200.00 19,200.00
17 Other comprehensive income net of taxes (23,200.00) (20,400.00)
18 Total Comprehensive Income for the period (13,000.00) (1,200.00)
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 10,200.00 19,200.00
Total profit or loss, attributable to non-controlling interests 0.00 0.00
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent (13,000.00) (1,200.00)
Total comprehensive income for the period attributable to owners of parent non-controlling interests 0.00 0.00
21 Details of equity share capital
Paid-up equity share capital 91,100.00 91,100.00
Face value of equity share capital 1 1
27 Details of debt securities
22 Reserves excluding revaluation reserve
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 0.11 0.21
Diluted earnings (loss) per share from continuing operations 0.11 0.2
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 0.11 0.21
Diluted earnings (loss) per share from continuing and discontinued operations 0.11 0.2
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) The statement of consolidated unaudited financial results of Eternal Limited (Formerly known as Zomato Limited) (“the Company”/“the Parent”) and its subsidiaries (together referred to as “the Group”) for the quarter and nine months ended December 31, 2025 (“Financial Results”) have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on January 21, 2026. The Financial Results have been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34 “Interim Financial Reporting” (“Ind AS 34”), prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (LODR Regulations). During the previous year ended March 31, 2025, the Company had allotted 33,64,73,755 Equity Shares of face value INR 1 each to eligible Qualified Institutional Buyers (QIB) at an issue price of INR 252.62 per Equity Share (including a premium of INR 251.62 per Equity Share) aggregating to INR 8,500 crores, pursuant to Qualified Institutional Placement (QIP) in accordance with the provisions of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations (the “SEBI ICDR Regulations”). During the previous year ended March 31, 2025, the Company allotted 47,75,34,845 equity shares having a face value of INR 1/- each to ‘Foodie Bay Employees ESOP Trust’(“Trust”), for further issuance under various Employee Stock Option Plans. The Company is in receipt of a Show Cause Notice (“SCN”) and Demand Orders (“Orders”) from various GST authorities requiring the Company to pay GST on the delivery charges collected by the Company from the end users on behalf of the delivery partners. The Orders are for October 2019 to March 2022 for all the States amounting to INR 420 crores and for April 2022 to March 2023 for Andhra Pradesh amounting to INR 8 crores and the SCN is for April 2022 to March 2023 for Gujarat amounting to INR 13 crores, with applicable interest and penalties. The Company is contesting the Orders/ SCN at applicable forums. The Company, supported by the external independent expert’s advice, is of the view that it has a strong case on merits. There are no SCNs or Orders on this matter for periods other than those mentioned here. On August 27, 2024, Eternal Limited (Formerly known as Zomato Limited) completed the acquisition of Orbgen Technologies Private Limited (“OTPL”), and Wasteland Entertainment Private Limited (“WEPL”), holding the ‘Movies Ticketing’ business and ‘Events’ business respectively, from One 97 Communications Limited (“OCL”/”Seller”). These acquisitions were executed through a combination of secondary share purchases from OCL amounting to INR 758 crores (for both the entities) and primary infusion into the OTPL and WEPL amounting to INR 1,260 crores. This amount was subject to adjustments as agreed in definitive agreements. Post adjustment, the total purchase consideration amounts to INR 2,014 crores. The entity wise break up of the same is as follows: A) The total consideration for 100% of paid-up equity share capital of OTPL amounts to INR 1,236 crores. The purchase price allocation (PPA) and fair values are as follows: Particulars INR crores Purchase Consideration 1,236 Add/(Less): Fair Value of Assets and Liabilities acquired Merchant Relationships (168) Technology (48) Active users (39) Non-compete (28) Brand (1) Other Identified assets (net of liabilities) (443) Add: Deferred Tax Liability on intangible assets recognised in consolidated financial statements 5 Goodwill 514 B) The total consideration for 100% of paid-up equity share capital of WEPL amounts to INR 778 crores. The purchase price allocation (PPA) and fair values are as follows: Particulars INR crores Purchase Consideration 778 Add/(Less): Fair Value of Assets and Liabilities acquired Technology (59) Merchant Relationships (51) Brand (10) Non-compete (9) Active users (5) Other Identified assets (net of liabilities) (171) Add: Deferred Tax Liability on intangible assets recognised in consolidated financial statements 33 Goodwill 506 The excess of the purchase price over the fair value of the acquired net assets was recorded as goodwill. The useful lives of the acquired intangible assets were assigned as follows: merchant relationships (10 years), active users (1 year), brand (3 years), technology (5 years), and non-compete (6 years). Due to this acquisition, the results for the nine months ended December 31, 2025 are not comparable with other corresponding period presented. During the quarter ended June 30, 2025, the Group started transitioning from its marketplace model to a combination of marketplace and inventory-led model in its quick commerce segment. Owing to this change, the revenue under quick commerce segment now includes amount on account of direct sales to customers on the Blinkit platform and not just the marketplace commission on such sales. This also results in reduction in sales of Hyperpure supplies (B2B business) to the sellers on the Blinkit platform. The Government of India, with effect from November 21, 2025, notified the Code on Social Security, 2020; the Occupational Safety, Health and Working Conditions Code, 2020; the Industrial Relations Code, 2020; and the Code on Wages, 2019 (collectively, the “Labour Codes”), which replace existing central labour legislations. Draft rules under the Labour Codes were released by the Ministry of Labour and Employment on December 30, 2025 and are yet to be notified. Various State Governments have also notified state-specific legislations. Based on the Group’s assessment, the provisions currently in force do not have a material impact on the financial results of the Group. The financial impact, if any, of the remaining provisions will be assessed upon notification of the final rules and their effective dates. Subsequent to the reporting date, on January 21, 2026, Mr. Deepinder Goyal has tendered his resignation as Director, Managing Director and Chief Executive Officer of the Company effective close of business on February 1, 2026. Mr. Albinder Singh Dhindsa has been appointed as the Chief Executive Officer of the Company with effect from February 1, 2026. Further, the Board of Directors (“Board”) recommended the appointment of Mr. Deepinder Goyal as the Director and Vice Chairman of the Board effective upon shareholders’ approval.



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-10-2025 01-04-2025
Date of end of reporting period 31-12-2025 31-12-2025
Whether results are audited or unaudited Unaudited Unaudited
Nature of report standalone or consolidated Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 India food ordering and delivery 2,68,800.00 7,45,400.00
2 Hyperpure supplies (B2B business) 1,08,100.00 4,41,500.00
3 Quick commerce 12,25,700.00 24,55,800.00
4 Going Out 30,000.00 69,600.00
5 All other segments (Residual) 2,800.00 5,700.00
Total Segment Revenue 16,35,400.00 37,18,000.00
Less: Inter segment revenue 3,900.00 10,800.00
Revenue from operations 16,31,500.00 37,07,200.00
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 India food ordering and delivery 54,700.00 1,53,000.00
2 Hyperpure supplies (B2B business) 700.00 300.00
3 Quick commerce 20,200.00 16,500.00
4 Going Out (11,400.00) (21,900.00)
5 All other segments (Residual) (4,700.00) (14,600.00)
Total Profit before tax 59,500.00 1,33,300.00
i. Finance cost 10,700.00 26,000.00
ii. Other Unallocable Expenditure net off Unallocable income 31,800.00 68,600.00
Profit before tax 17,000.00 38,700.00
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 India food ordering and delivery 0.00 0.00
2 Hyperpure supplies (B2B business) 0.00 0.00
3 Quick commerce 0.00 0.00
4 Going Out 0.00 0.00
5 All other segments (Residual) 0.00 0.00
Total Segment Asset 0.00 0.00
Un-allocable Assets 0.00 0.00
Net Segment Asset 0.00 0.00
4 Segment Liabilities
Segment Liabilities
1 India food ordering and delivery 0.00 0.00
2 Hyperpure supplies (B2B business) 0.00 0.00
3 Quick commerce 0.00 0.00
4 Going Out 0.00 0.00
5 All other segments (Residual) 0.00 0.00
Total Segment Liabilities 0.00 0.00
Un-allocable Liabilities 0.00 0.00
Net Segment Liabilities 0.00 0.00
Disclosure of notes on segments Textual Information(2)



Text Block

Textual Information(2) In compliance with Ind AS 108 Operating Segments refer Para 23 preparation and disclosure of segment assets and segment liabilities is not required Hence in the XBRL utility we have mentioned 0 under each reportable segment for assets and liabilities Consolidated segment information Operating segments are defined as components of an enterprise for which discrete financial information is available that is evaluated regularly by the chief operating decision maker (CODM), in deciding how to allocate resources and assessing performance. The Group’s CODM is the Managing Director and Chief Executive Officer of the Company. The segments for the Group are as follows: 1. India food ordering and delivery 2. Hyperpure supplies (B2B business) 3. Quick commerce 4. Going out 5. All other segments (residual) India food ordering and delivery comprises of online marketplace platform through which the Group facilitates listing and online ordering of food items and delivery of these food items by connecting end users, restaurant partners and independent delivery partner. Hyperpure supplies (B2B business) is our farm-to-fork supplies offering for restaurants in India and sale of items to businesses for onward sales. Quick commerce comprises of online platform named Blinkit (Platform) that enables listing and sale of items directly by the Group or by third-party sellers. End users are able to place orders of these listed items on the Platform which are delivered to their doorsteps within minutes. Quick commerce also includes provision of advertisement, warehousing and ancillary services. Going-out is a combination of our dining-out and entertainment ticketing business. Customers / end users use our dining-out offering to search and discover restaurants, reserve tables, avail offers and make payments while dining-out at restaurants. In our entertainment ticketing business, we offer ticketing services to customers for movies, sports and events (including our own events) and offer services like event production, management etc. to other event partners/ participants. The Group has combined and disclosed balancing number in All other segments which are not reportable. Revenue and expenses directly attributable to segments are reported under each reportable segment. Expenses which are not directly attributable to any reporting segment have been allocated to respective segments based on the number of orders, revenue, number of employees or gross/net order value as reviewed by CODM



Other Comprehensive Income

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-10-2025 01-04-2025
B Date of end of reporting period 31-12-2025 31-12-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Remeasurements of the defined benefit plans (400.00) (300.00)
2 Equity instruments through other comprehensive income (24,200.00) (27,500.00)
Total Amount of items that will not be reclassified to profit and loss (24,600.00) (27,800.00)
2 Income tax relating to items that will not be reclassified to profit or loss (2,500.00) (3,000.00)
3 Amount of items that will be reclassified to profit and loss
1 Exchange differences on translation of foreign operations 800.00 1,300.00
2 Debt instruments through other comprehensive income (2,500.00) 4,200.00
Total Amount of items that will be reclassified to profit and loss (1,700.00) 5,500.00
4 Income tax relating to items that will be reclassified to profit or loss (600.00) 1,100.00
5 Total Other comprehensive income (23,200.00) (20,400.00)