Eternal Ltd , a prominent player in the food delivery sector, has seen its shares surge to unprecedented levels following the release of its latest quarterly earnings report. The stock price climbed nearly 4% to reach a new lifetime high, continuing a remarkable 15% rally that began on Monday.

Strong Revenue Performance

The company reported a robust quarterly revenue of ₹7,167.00 crore, representing a significant 23% increase quarter-on-quarter. This impressive figure surpassed analyst expectations, which had projected revenues of ₹6,624.00 crore. The outperformance in revenue has been a key driver behind the stock's recent momentum.

Earnings Highlights

While revenue growth was stellar, Eternal Ltd's net profit for the quarter showed a decline:

Despite the drop in net profit, which fell short of consensus forecasts, investors appear to be focusing on the company's top-line growth and market expansion.

Segment Performance

The adjusted consolidated revenue painted an even more impressive picture, with a 22% increase quarter-on-quarter and a substantial 70% surge year-on-year. This growth was primarily fueled by strong performances in two key divisions:

1. Blinkit
2. Hyperpure

B2C Vertical Strength

Eternal Ltd's B2C vertical has demonstrated significant scale, generating an annualized net order value of nearly $10 billion. Notably, the Blinkit division contributes close to half of this value, underscoring its importance to the company's overall business model.

Stock Performance and Analyst Sentiment

The market's positive reaction to Eternal Ltd's results is evident in the stock's performance:

• 15% rally since the earnings release
• 14% spike on July 22
• 39.67% gain over the past 12 months

Analyst sentiment remains largely bullish:

• Out of 32 analysts covering the stock:
  • 28 maintain a 'buy' rating
  • 4 suggest a 'sell' rating
• The average 12-month consensus price target implies a marginal 1% downside from current levels.

As Eternal Ltd continues to expand its market presence and drive revenue growth, investors and analysts alike will be closely monitoring the company's ability to translate top-line success into improved profitability in the coming quarters.

In a significant market development, a substantial block trade involving Eternal shares was executed on the National Stock Exchange (NSE) on Tuesday. The transaction, valued at Rs. 87.03 crore, marks a notable movement in the company's stock.

Transaction Details

The block deal involved approximately 2,850,689 shares of Eternal, which were traded at a price of Rs. 305.30 per share. This large-scale transaction highlights the interest in Eternal's stock among institutional investors or large market participants.

Market Implications

Block trades of this magnitude often attract attention from market analysts and investors alike. They can sometimes indicate a shift in institutional holdings or reflect significant investor sentiment towards the company. However, it's important to note that the specific buyers and sellers involved in this transaction have not been disclosed.

About Eternal

Eternal is a company listed on the National Stock Exchange. While specific details about the company's operations are not provided in the current news update, the substantial value of this block trade suggests that Eternal is a company of considerable market interest.

Investor Considerations

Investors and market watchers may want to keep an eye on Eternal's stock performance in the coming days to see if this large block trade has any impact on the stock's price or trading volume. As always, it's advisable for investors to conduct their own research and consider their investment goals before making any financial decisions based on market movements.