Eternal Quarterly Profit Nearly Doubles, Misses Estimates on Higher Costs
Eternal reported second-quarter consolidated net profit up 92.3% to 1.25 billion rupees, below analyst expectations. Higher delivery, employee and depreciation costs weighed.
India's Eternal NSE:ETERNAL second-quarter profit nearly doubled, the company reported on Wednesday, but fell well short of analyst expectations as higher delivery, employee and depreciation costs weighed.Consolidated net profit surged 92.3% to 1.25 billion rupees ($13.24 million) in the quarter en…