Eternal Ltd Q2 Results Review: Mixed Brokerage Reactions Amid Revenue Growth and Profit Slump
Eternal Ltd, the parent company of Zomato, has reported its Q2 results, with revenue surging nearly threefold but net profit falling 63% year-on-year. Brokerages have mixed reactions, with some reiterating their bullish stance and others expressing caution.
Q2 Results Highlights
Revenue at Rs 13,590 crore versus Rs 4,799 crore (Bloomberg estimate: Rs 8,665 crore)
EBITDA up 5.8% at Rs 239 crore versus Rs 226 crore (Estimate: Rs 236 crore)
Margin at 1.8% versus 4.7% (Estimate: 2.7%)
Profit down 63% at Rs 65 crore versus Rs 176 crore (Estimate: Rs 108 crore)
Brokerage Reactions
Bank of America and UBS have reiterated their bullish stance, citing strong revenue growth and positive guidance. Macquarie, on the other hand, has maintained a cautious stance, flagging concerns over profitability and competitive pressures.
Zomato stock price has been volatile in recent times, and investors are keenly watching the company’s progress. Indian stock market news suggests that the company’s Q2 results have been a mixed bag.
Analysis and Outlook
The company’s strong revenue growth is a positive sign, but the decline in net profit is a concern. The management’s guidance and expectations for future growth will be closely watched by investors. Nifty today and Sensex news will also impact the stock’s performance.
In the Indian stock market, Q2 results are an important indicator of a company’s performance. Eternal Ltd’s Q2 results have been a mixed bag, and investors will be keenly watching the company’s progress in the coming quarters.
Investment Strategy
Investors should keep a close eye on the company’s future growth plans and guidance. Stock market investing requires a long-term perspective, and investors should not make impulsive decisions based on short-term fluctuations.
In the Indian markets, investing in stocks requires a thorough understanding of the company’s fundamentals and growth prospects. Eternal Ltd’s Q2 results have been a mixed bag, and investors should exercise caution while making investment decisions.
Conclusion
In conclusion, Eternal Ltd’s Q2 results have been a mixed bag, with strong revenue growth but a decline in net profit. Brokerages have mixed reactions, and investors should keep a close eye on the company’s future growth plans and guidance. Stock market news today and Indian stock market updates will continue to impact the stock’s performance.
