On Sunday, October 19, 2025, online food delivery platform Zomato’s parent company Eternal revealed that the Lucknow government’s Deputy Commissioner of State Tax has imposed a demand order of ₹64.17 crore, according to an exchange filing. According to the filing data, the demand order is for ₹64,17,43,503 or more than ₹64.17 crore with interest as applicable and penalty. The company’s BSE filing showed that a demand order was received in respect of shortfall in payment of output tax, and alleged excessive utilization of input tax credit (ITC) with interest and penalty. “The demand order has been received regarding short payment of output tax and excessive utilization of input tax credit with interest and penalty thereon,” Eternal said, sharing the demands of the Lucknow state tax department. The filing highlighted that the food delivery company’s parent company received the demand order from the state government on October 18, 2025. What does Eternal plan to do? In Sunday’s filing, Eternal revealed that the company does not expect any financial impact on its operations. Eternal also plans to challenge the Lucknow government’s state tax demand order. “We believe we have a strong case on the merits and do not expect any financial impact on the company,” the company informed BSE through the exchange filing. Eternal Q2 Results Mint had earlier reported that Eternal, the food delivery and quick commerce company, recorded a 63% drop in its consolidated net profit to ₹65 crore in the July to September quarter of the financial year 2025-2026, compared to its previous level of ₹176 crore in the same period a year ago. Eternal’s revenue from operations rose to ₹13,590 crore in the second quarter of fiscal 2025-26, compared to ₹4,799 crore in the same period a year ago. Everlasting share price closed 1.64% lower at ₹342.70 after Friday’s stock market session, compared to ₹348.40 at the previous market close. The company announced its second quarter results on Thursday, October 16, 2025. Shares of the firm have given more than 172% returns on their investment to stock market investors since their listing in 2021 on the Indian stock market. The shares have risen by 29% in the last one-year period. On a year-to-date (YTD) basis, Eternal shares have risen 23.96% in 2025 and 1.84% in the last one-month period. Everlasting shares touched their 52-week high at ₹368.40 on October 16, 2025, while the 52-week low was at ₹189.60 on April 7, 2025, according to the data collected from the BSE website. The company’s market capitalization (M-Cap) stood at over ₹3.30 trillion as of the close of the stock market on Friday, October 17, 2025. Read all stories by Anubhav Mukherjee Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or brokerage firms, not Mint. We advise investors to check with certified experts before making any investment decisions.
-
-
-
-
