MakeMyTrip Swings To $1.8 Mn Profit In Q2 FY27, Revenue Up 2.5% YoY
MakeMyTrip returned to profit in Q2 FY27 with $1.8 million net income and 2.5% revenue growth, driven by strong domestic travel despite subdued international outbound demand.
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MakeMyTrip returned to profit in Q2 FY27 with $1.8 million net income and 2.5% revenue growth, driven by strong domestic travel despite subdued international outbound demand.
Infosys reported 6% YoY profit growth to Rs 7,823 crore in Q2 but lowered its full-year FY27 revenue guidance to 1-2% from the previous 1.5-3% range.
Swiggy's stock plunged 17% to a 52-week low after Q2 results showed widening losses at Instamart despite food delivery improvements, prompting brokerages to cut price targets.
Swiggy's share price fell 14% to a 52-week low after reporting a Rs 922 crore quarterly loss, despite 36% revenue growth, prompting multiple analysts to cut target prices due to quick commerce challenges.
A podcast episode reviews Tesla's Q4 financial results and product delays alongside major developments in EV charging innovation.
IBM shares fell 6.5% after analysts questioned whether its third-quarter software rebound is sustainable, citing deals pulled forward from the prior quarter.
Eternal (parent of Zomato and Blinkit) reported 92% YoY net profit growth and 78% revenue growth in Q2 FY27, though results missed analyst estimates; Blinkit achieved profitability with adjusted EBITDA of 0.9%.
SpaceX's stock gained over 8% after reporting strong third-quarter earnings driven by momentum in its artificial intelligence business.
Tesla will report Q3 2026 earnings tomorrow with Wall Street expecting flat revenue and a 10% decline in earnings per share despite beating vehicle delivery consensus.