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Delhivery reported a significant 68.5% year-on-year increase in net profit for the first quarter, reaching 91 crore, driven by efficient operations and consistent revenue. The company's express parcel shipments experienced a 14% volume growth, reaching 208 million. The recent acquisition of Ecom Express is expected to further boost Delhivery's market share in the 3PL segment.
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Adani Power's board has approved a stock split, dividing each share of 10 into five shares of 2, aiming to broaden retail investor participation. The company reported a 15.5% drop in its Q1 consolidated net profit to 3,305 crore, with revenue declining 5.9% to 14,167 crore. Despite this, EBITDA from continuing operations stood at 5,744 crore.
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Figma Inc. witnessed a remarkable 250% surge on its IPO debut, marking the largest first-day increase for a US-traded company exceeding $1 billion in three decades. Despite subsequent volatility, its market value soared to $61.5 billion, surpassing expectations from its abandoned Adobe merger.
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News and Media
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