SynopsisThe sharp rise in revenues was driven by Eternal-owned quick commerce platform Blinkit's transition to the inventory model, which changed its accounting method. The expansion in net profit was supported by Blinkit's improving operating performance.Food and grocery delivery company Eternal on Wednesday reported a threefold year-on-year (YoY) jump in April-June operating revenues, at Rs 20,211 crore, while net profit quadrupled to Rs 92 crore.The sharp rise in revenues was driven by Eternal-owned quick commerce platform Blinkit's transition to the inventory model, which changed its accounting method. The expansion in net profit was supported by Blinkit's improving operating performance.TheNow Playing
Eternal’s Q1 net profit jumps 4x YoY on rising Blinkit profitability - The Economic Times
The sharp rise in revenues was driven by Eternal-owned quick commerce platform Blinkit's transition to the inventory model, which changed its accounting method. The expansion in net profit was supported by Blinkit's improving operating performance.
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