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Eternal shares tumble after 63% drop in Q2 PAT
Eternal stock falls over 4% after reporting a 63% plunge in Q2 profit, with weak outlook intensifying concerns.
Shares of food-delivery firm Eternal dropped ~4.2% intraday after it reported a sharp 63% year-on-year decline in its Q2 PAT. Analysts cited weakening unit economics, intense competition, and expense pressures. The top line also fell short of estimates, prompting downward revisions. Early trading showed limited buying support, with weak guidance likely to damp sentiment. Investors will now closely monitor its cash flow and strategic cost management to gauge survivability in the scaling phase.