The Deepinder Goyal-led Eternal has granted around 10.13 lakh shares to eligible employees under the Zomato Employee Stock Option Plan 2021, the filing stated. At the previous closing price of Rs 257.35 per share, the total outgo stands at Rs 26.1 crore.
As per the filing, each stock option can be converted into one fully paid up equity share with a face value of Rs 1 each. These stock options can be exercised within 10 years from the date of vesting of the options, or 12 years from the date of listing, whichever is later in the Esop programme, Eternal stated.
Eternal Q1 results preview
Eternal is scheduled to announce its financial results for the June quarter on Monday. Analysts expect the company to report a significant decline in net profit for the period, mainly on losses in the quick commerce business Blinkit, and elevated costs in the Going Out vertical.
In contrast, revenue growth for the three months to June 30 is expected to be robust on the back of strong momentum in Blinkit and B2B restaurant supplier Hyperpure, along with steady demand in the mature food delivery business, per analysts.
Operational profitability during the quarter is expected to show improvement sequentially, but fall in annual terms. “We expect an EBITDA loss of Rs 180 crore for Blinkit, flat QoQ. A 10-bps margin improvement is likely from reduced competitive intensity. However, YoY EBITDA will still decline due to increased losses in Blinkit and Going Out businesses,” said Kotak Institutional Equities.
Ebitda refers to earnings before interest, tax, depreciation and amortisation, and is a measure of a company’s core profitability.
