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Hero MotoCorp’s revenue surpassed Rs 10,000 crore for the first time, driven by strong sales and new launches. Despite a 36% rise in net profit, the results missed analyst estimates, with shares closing 1.55% lower.
Yangzijiang Shipbuilding reported a robust 77% increase in profit for the six months ending June 30, reaching 3.1 billion yuan (S$572 million). Revenue for the period also saw a substantial rise of 15%, totaling 13 billion yuan. The company's strong performance was underpinned by a record-high order backlog, which DBS Bank analyst Ho Pei Hwa cites as a key factor for sustained earnings visibility through 2026. Hwa’s research note highlights the shipbuilder’s strategic shift towards cleaner vessel technologies, such as dual-fuel container ships and gas carriers, which now make up approximately 70% of its order book. This pivot is expected to attract further interest from Environmental, Social, and Governance (ESG) funds,
Vodafone Idea's first-quarter loss was smaller than anticipated, thanks to a 7% reduction in total expenses. Despite a 1.4% drop in revenue and a 5.1% decline in total subscribers, the company's 4G user base grew by 3% year-on-year.
Shareholders have accused Intel of misleading them about its foundry business, which they claim led to a $32 billion market value drop in a single day. The lawsuit, filed in San Francisco federal court, also names Intel's CEO and CFO as defendants.
PB Fintech reported a profit of 601.8 million rupees for Q1, driven by a 67% surge in insurance broking revenue and a 62% increase in new premiums. However, its credit business showed slower growth due to regulatory impacts.
Ocean Network Express reports a 12% revenue increase and revises its FY2024 profit forecast to $2.745 billion, driven by strong cargo demand and rising spot rates amidst market uncertainties.
The company's organic, constant currency net sales fell by 16.8%, largely due to reduced retailer inventory levels in North American and international markets.
This growth has been driven by severe heatwaves and heightened economic activity, allowing India's power demand to surpass that of every other major global economy.
ICICI Bank has infused ₹500 crore into its subsidiary, ICICI Home Finance, for Q1 FY25, bolstering its capital base.
Dr. Reddy's Laboratories reported a net profit of Rs 1,392 crore for Q1 FY25, surpassing expectations. Revenue grew by 14 percent to Rs 7,672.70 crore, driven by strong generics sales in North America and India. Despite a slight decline in EBITDA margin, the results highlight the company's growth potential and resilience.
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