Deepinder Goyal’s Eternal Ltd which runs online food delivery platform Zomato reported a 90 percent year-on-year drop in Q1 consolidated profit or profit after tax (PAT) for financial year 2026 at Rs 25 crore compared to its last year’s first quarter which was Rs 253 crore. On the contrary the company’s shares on the National Stock Exchange surged 7.5 percent as orders surged on its quick commerce arm Blinkit. The stock climbed to Rs 277 (highest since February 3) after the results. Previously known as Zomato Eternal had made a profit of Rs 253 crore last year. Revenue Surges For Zomato The company reported that Zomato’s revenue from operations witnessed a 70.4 percent surge year on year to Rs 7167 crore in the first quarter. The company’s last year revenue from operations was Rs 4206 crore. The revenue from previous quarter was Rs 5833 crore. Gurugrams company operating expenses rose to Rs 7433 crore in the June quarter a significant increase from Rs 4203 crore in the same period last year and Rs 6104 crore in the previous quarter. The Q1 quarter cash balance of Zomato is Rs 18857 crore relatively unchanged from Rs 18824 crore in the previous quarter. Food Delivery Business Eternal’s food delivery business’s adjusted revenue increased to 17.7 percent YoY to Rs 2457 crore in June Quarter. Last year the June revenue was Rs 2256 crore. Despite a continuing decline in food delivery demand quarterly revenue rose by 10 percent to Rs 2409 crore. The companys gross order value (GOV) for the food delivery business rose 10 percent quarter-over-quarter from Rs 9778 crore in the fourth quarter of fiscal year 25 to Rs 10769 crore in the June quarter. Year-over-year growth also occurred increasing from Rs 9264 crore in the first quarter of fiscal year 25. The average monthly food delivery customers rose to 22.9 million up from 20.9 million last quarter and 20.3 million a year ago. Blinkit witnessed a loss in EBITDA On the other hand Blinkit witnessed a loss in EBITDA of Rs 162 crore in the first quarter. up from Rs 3 crore a year ago due to rapid dark store expansion. However the loss was lower than the Rs 178 crore reported in the previous quarter. The revenue of the quick commerce company reported an increase of 155 percent YoY to Rs 2400 crore up from Rs 942 crore in Q1 FY25. The previous quarter revenue was Rs 1709 crore. The GOV witnessed an increase for the June quarter to Rs 11821 crore compared to Rs 4923 crore in Q1 FY25 and Rs 9421 crore in the earlier quarter. Blinkits average order value remained consistent at approx Rs 670 in the first quarter of FY26 showing little change from the previous quarter and a modest increase from the same period last year. The company witnessed a major YoY growth in its dark store network which has expanded from 639 to 1544 locations. And a substantial increase in average monthly active users which have increased from 7.6 million to 16.9 million. Going out reported a revenue decrease   The company’s Going Out segment reported a 10 percent year-over-year revenue decrease in its first quarter. The revenue decreased to Rs 207 crore from Rs 229 crore in the previous quarter and Rs 95 crore in the same quarter last year. The segments GOV witnessed a rise of Rs 2370 crore up from Rs 2184 crore the prior quarter. Total revenue a year earlier was Rs 1268 crore. Hyperpure witnessed a revenue increase Zomatos Hyperpure its B2B food supply arm experienced a year-over-year revenue increase of 89 percent in the fourth quarter reaching Rs 2295 crore compared to Rs 1212 crore in the same quarter of the previous year. It shows an increase from the Rs 1840 crore reported in the preceding quarter.