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ABB India's shares fell 3.7% after reporting a 20.7% YoY decline in net profit to Rs 351.7 crore for Q2CY25, despite a revenue increase of 11.8%. The company's EBITDA also decreased by 23.7%, with a contracted margin. Weak order inflows, attributed to cyclical corrections and subdued market conditions, impacted the overall performance, although the order backlog crossed Rs 10,000 crore.
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Rising prices, global instability and Donald Trump's policies are among issues faced, leaders say.
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PC Jeweller shares: To speed up its deleveraging efforts, PC Jewellers board approved a 500 crore fundraise in July from promoters and Capital Ventures Pvt Ltd. In addition, the company is expected to receive 1,300 crore through the conversion of warrants into equity shares by promoters and other investors.
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