Market Update
U.S. Movers: Dollar General, Ollie's Bargain Outlet, Signet Jewelers
Scott Peters
03 Jun, 2025
New York City
Dollar General Corp. surged 10.7% to $107.60 after the discount retailer lifted its annual outlo
Net sales increased to $10.43 billion from $9.91 billion, net income jumped to $391.9 million from $363.3 million, and diluted earnings per share rose to $1.78 from $1.65 a year ago.
Same-store sales increased 2.4% in the quarter, and cash flows from operations edged up 27.6% to $847.2 million.
The company announced a quarterly cash dividend of 59 cents per share, payable on July 22 to shareholders on record on July 8.
As of May 2, total merchandise inventories, at cost, were $6.6 billion compared to $6.9 billion a year ago, a decrease of 7% on an average per-store basis.
The company guided fiscal 2025 net sales to increase between 3.7% and 4.7%, compared to $40.6 billion a year ago, and same-store sales to grow between 1.5% and 2.5%, higher than the previous estimate of 1.2% to 2.2%.
Dollar General also expects full-year diluted earnings per share to range between $5.20 and $5.80, compared to $5.11 a year earlier.
Ollie's Bargain Outlet Holdings Inc. eased 2.6% to $108.99 after the discount retailer reported first-quarter 2025 results.
Net sales jumped to $576.77 million from $508.82 million, net income edged up to $47.56 million from $46.34 million, and diluted earnings per share rose to 77 cents from 75 cents a year ago.
Comparable store sales increased 2.6% on top of 3% growth in the previous year, and the company opened 25 new stores, compared to four new stores in the same quarter last year.
The company said Ollie’s Army loyalty members increased 9.2% to more than 15.5 million in the quarter.
The discount retailer guided full-year net sales to range between $2.58 billion and $2.60 billion, compared to $2.27 billion a year earlier, and higher than the previous forecast.
The company also expects full-year comparable store sales to increase between 1.4% and 2.2%, higher than the previous estimate of 1% to 2%.
The retailer said full-year adjusted net income is estimated to be between $225 million and $232 million, or $3.65 to $3.75 per diluted share, compared to $202.4 million, or $3.28 per diluted share, a year ago.
The company plans to open 75 new stores in fiscal 2025.
Signet Jewelers Ltd. soared 17.6% to $78.60 after the diamond jewelry retailer reported better than expected fiscal first-quarter 2026 results.
Sales increased to $1.54 billion from $1.51 billion, net income swung to a profit of $33.5 million from a loss of $40.1 million, and diluted earnings per share were 78 cents, compared to a loss of 90 cents a year ago.
Same-store sales jumped 2.5% from a year earlier.
The company has announced a quarterly cash dividend of 32 cents per share for the second quarter, payable on August 22 to shareholders on record on July 25.
During the first quarter, the company repurchased approximately 2.1 million shares for $117.4 million, and subsequent to quarter end, it has repurchased approximately 235,000 additional shares for $15 million through June 2.
The company has nearly $600 million in share repurchase authorization remaining.
The jewelry retailer guided second-quarter sales to range between $1.47 billion and $1.51 billion, compared to $1.49 billion a year ago, and same-store sales to be between negative 1.5% and up 1%.
The company also estimated adjusted operating income in the second quarter to range between $53 million and $73 million, compared to $68.6 million a year earlier.
For the full year, the company estimated sales to be between $6.57 billion and $6.80 billion, compared to $6.70 billion a year earlier, and same-store sales to be between negative 2% and up 1.5%.
Adjusted operating income for the full year is expected to range between $430 million and $510 million, compared to $498.1 million a year ago.
Stocks Brave Higher Amid Earnings Boost Expectation Driven by Tariff-Driven Price Increases
Barry Adams
03 Jun, 2025
New York City
Stocks wavered around the flatline amid elevated trade tensions and economic uncertainties.
The S&P 500 index edged up 0.1%, and the tech-heavy Nasdaq Composite inched higher by 0.5%. and investors overlooked brewing trade tensions with the European Union and China.
Despite elevated tensions, investors are holding out for stocks to scale higher, as companies are expected to increase prices more than the increase in cost of goods sold.
Retailers, industrial goods makers, automakers, and consumer goods makers are expected to raise prices starting this month, amid general expectations of higher prices rooted in Trump tariffs.
U.S. job openings in April increased by 191,000 to 7.391 million, the U.S. Bureau of Labor Statistics reported Tuesday.
Meanwhile, both hires and total separations were little changed at 5.6 million and 5.3 million, respectively.
Commodities, Currencies, Indexes, Yields
The S&P 500 index increased 0.1% to 5,940.86, the Nasdaq Composite edged up 0.3% to 19,294.10, and the Russell 2000 index advanced 0.1% to 2,072.49.
The yield on 2-year Treasury notes edged lower to 3.94%, 10-year Treasury notes decreased to 4.42%, and 30-year Treasury bonds declined to 4.95%.
WTI crude oil increased by $0.42 to $62.94 a barrel, and natural gas prices edged lower by $0.03 to $3.67 a thermal unit.
Gold decreased by $36.45 to $3,345.03 an ounce, and silver edged down by $0.47 to $34.28.
The dollar index, which weighs the US currency against a basket of foreign currencies, increased by 0.38 to 99.09 and traded at the lowest level since April 2022.
U.S. Stock Movers
Credo Technology Group soared 14.7% to $72.0 after the advanced connectivity solution provider reported better-than-expected non-GAAP earnings of 35 cents per share in the fiscal fourth quarter.
EchoStar declined 2.7% to $17.75 after the company disclosed that it will halt interest payments of $183 million on a series of debt instruments because of the regulatory uncertainty linked to the Federal Communications Commission.
Dollar General Corp. jumped 9.2% to $106.09, and the discount store chain operator reported better-than-expected first quarter revenue of $10.44 billion and earnings per share of $1.78.
The company also lifted its annual earnings outlook, assuming that the current tariff outlook will remain until mid-August.
Pegasystems rose 2.1% to $98.97, and the customer relation software developer lifted its adjusted annual earnings per share estimate to $3.94 from the previous estimate of $3.10.
The CRM software company also lifted its annual revenue estimate to $1.7 billion from $1.6 billion.
Hims & Hers Health rose 6.6% to $60.55, and the tele-health company said it plans to acquire the European tele-health platform operator Zava, increasing its current customer base by 1.5 million, or about 50%.
Constellation Energy soared 11.7% to $350.74 after the company struck a deal with Meta Inc. to sell 1.1 gigawatts of energy starting in 2027 from its nuclear power plant in Illinois.
Stocks Brave Higher Amid Earnings Boost Expectation Driven by Tariff-Driven Price Increases
Barry Adams
03 Jun, 2025
New York City
Stocks wavered around the flatline amid elevated trade tensions and economic uncertainties.
The S&P 500 index edged up 0.1%, and the tech-heavy Nasdaq Composite inched higher by 0.5%. and investors overlooked brewing trade tensions with the European Union and China.
Despite elevated tensions, investors are holding out for stocks to scale higher, as companies are expected to increase prices more than the increase in cost of goods sold.
Retailers, industrial goods makers, automakers, and consumer goods makers are expected to raise prices starting this month, amid general expectations of higher prices rooted in Trump tariffs.
U.S. job openings in April increased by 191,000 to 7.391 million, the U.S. Bureau of Labor Statistics reported Tuesday.
Meanwhile, both hires and total separations were little changed at 5.6 million and 5.3 million, respectively.
Commodities, Currencies, Indexes, Yields
The S&P 500 index increased 0.1% to 5,940.86, the Nasdaq Composite edged up 0.3% to 19,294.10, and the Russell 2000 index advanced 0.1% to 2,072.49.
The yield on 2-year Treasury notes edged lower to 3.94%, 10-year Treasury notes decreased to 4.42%, and 30-year Treasury bonds declined to 4.95%.
WTI crude oil increased by $0.42 to $62.94 a barrel, and natural gas prices edged lower by $0.03 to $3.67 a thermal unit.
Gold decreased by $36.45 to $3,345.03 an ounce, and silver edged down by $0.47 to $34.28.
The dollar index, which weighs the US currency against a basket of foreign currencies, increased by 0.38 to 99.09 and traded at the lowest level since April 2022.
U.S. Stock Movers
Credo Technology Group soared 14.7% to $72.0 after the advanced connectivity solution provider reported better-than-expected non-GAAP earnings of 35 cents per share in the fiscal fourth quarter.
EchoStar declined 2.7% to $17.75 after the company disclosed that it will halt interest payments of $183 million on a series of debt instruments because of the regulatory uncertainty linked to the Federal Communications Commission.
Dollar General Corp. jumped 9.2% to $106.09, and the discount store chain operator reported better-than-expected first quarter revenue of $10.44 billion and earnings per share of $1.78.
The company also lifted its annual earnings outlook, assuming that the current tariff outlook will remain until mid-August.
Pegasystems rose 2.1% to $98.97, and the customer relation software developer lifted its adjusted annual earnings per share estimate to $3.94 from the previous estimate of $3.10.
The CRM software company also lifted its annual revenue estimate to $1.7 billion from $1.6 billion.
Hims & Hers Health rose 6.6% to $60.55, and the tele-health company said it plans to acquire the European tele-health platform operator Zava, increasing its current customer base by 1.5 1.5million, or about 50%.
Constellation Energy soared 11.7% to $350.74 after the company struck a deal with Meta Inc. to sell 1.1 gigawatts of energy starting in 2027 from its nuclear power plant in Illinois.
European Markets Trend Lower Ahead of Rate Decisions, Spain's Labor Market Remains Resilient
Bridgette Randall
03 Jun, 2025
London
Stock market indexes across Europe struggled to advance ahead of rate decisions by the European Central Bank.
Benchmark indexes in Frankfurt, Paris, Milan, and London decreased ahead of the release of inflation data in the eurozone.
Overall consumer price inflation in the eurozone is expected to weaken to 2% in May, largely reflecting the weakness in transportation fuel prices and slower food price inflation.
The decline in inflation is likely to support the European Central Bank's decision to lower interest rates on Thursday, as the policymakers take steps to ward off the negative impact of the trade uncertainties with the U.S.
Spain's Labor Market Remains Resilient
The number of registered job seekers in Spain decreased by 2.3%, or 57,835, from the previous month to 2.455 million in May, according to the latest data released by the Ministry of Employment and Social Welfare.
The registered count of jobless people fell below 2.5 million for the first time since July 2008.
Compared to the same month last year, unemployment fell by 152,967 people, or 5.87%, and those receiving unemployment benefits at the end of April were 1.515 million.
The youth unemployment under 25 fell by 6,426 from the previous month in May to 171,003, the lowest level since the record keeping began.
Europe Indexes and Yields
The DAX index increased by 0.3% to 23,997.97, the CAC-40 index edged higher 0.3% to 7,757.82, but the FTSE 100 index declined 0.1% to 8,766.76.
The yield on 10-year German bonds inched lower to 2.49%, French bonds decreased to 3.15%, UK gilts moved down to 4.61%, and Italian bonds edged lower to 3.48%.
The euro decreased to $1.14; the British pound was lower at $1.35; and the U.S. dollar was higher and traded at 81.75 Swiss cents.
Brent crude increased $0.23 to $64.86 a barrel, and the Dutch TTF natural gas was higher by €0.30 to €35.28 per MWh.
Europe Stock Movers
Julius Baer Gruppe AG decreased 2% to CHF 52.90, and the Swiss bank's new chief executive announced an additional cost cuts of CHF 130 million by 2028.
Vehicle makers turned lower after the U.S. increased additional duties on steel and aluminum to 50% from 25%.
BMW AG decreased 0.2% to €76.08, Mercedes-Benz Group fell 0.7% to €76.08, Daimler Truck Holding AG declined 0.3% to €36.77, Renault SA eased 0.6% to €43.44, and Volkswagen Group inched lower 0.5% to €93.08.
European Markets Trend Lower Ahead of Rate Decisions, Spain's Labor Market Remains Resilient
Bridgette Randall
03 Jun, 2025
London
Stock market indexes across Europe struggled to advance ahead of rate decisions by the European Central Bank.
Benchmark indexes in Frankfurt, Paris, Milan, and London decreased ahead of the release of inflation data in the eurozone.
Overall consumer price inflation in the eurozone is expected to weaken to 2% in May, largely reflecting the weakness in transportation fuel prices and slower food price inflation.
The decline in inflation is likely to support the European Central Bank's decision to lower interest rates on Thursday, as the policymakers take steps to ward off the negative impact of the trade uncertainties with the U.S.
Spain's Labor Market Remains Resilient
The number of registered job seekers in Spain decreased by 2.3%, or 57,835, from the previous month to 2.455 million in May, according to the latest data released by the Ministry of Employment and Social Welfare.
The registered count of jobless people fell below 2.5 million for the first time since July 2008.
Compared to the same month last year, unemployment fell by 152,967 people, or 5.87%, and those receiving unemployment benefits at the end of April were 1.515 million.
The youth unemployment under 25 fell by 6,426 from the previous month in May to 171,003, the lowest level since the record keeping began.
Europe Indexes and Yields
The DAX index increased by 0.3% to 23,997.97, the CAC-40 index edged higher 0.3% to 7,757.82, but the FTSE 100 index declined 0.1% to 8,766.76.
The yield on 10-year German bonds inched lower to 2.49%, French bonds decreased to 3.15%, UK gilts moved down to 4.61%, and Italian bonds edged lower to 3.48%.
The euro decreased to $1.14; the British pound was lower at $1.35; and the U.S. dollar was higher and traded at 81.75 Swiss cents.
Brent crude increased $0.23 to $64.86 a barrel, and the Dutch TTF natural gas was higher by €0.30 to €35.28 per MWh.
Europe Stock Movers
Julius Baer Gruppe AG decreased 2% to CHF 52.90, and the Swiss bank's new chief executive announced an additional cost cuts of CHF 130 million by 2028.
Vehicle makers turned lower after the U.S. increased additional duties on steel and aluminum to 50% from 25%.
BMW AG decreased 0.2% to €76.08, Mercedes-Benz Group fell 0.7% to €76.08, Daimler Truck Holding AG declined 0.3% to €36.77, Renault SA eased 0.6% to €43.44, and Volkswagen Group inched lower 0.5% to €93.08.
Europe Movers: BAT, Chemring Group, Pennon Group, Tate & Lyle, Volvo Car
Inga Muller
03 Jun, 2025
Frankfurt
Volvo Car AB dropped 2.4% to 16.98 krona after the Swedish passenger car manufacturer reported first-quarter 2025 results.
Revenue declined to SEK 82.95 billion from SEK 93.88 billion, net income edged down to SEK 1.20 billion from SEK 3.34 billion, and diluted earnings per share fell to SEK 0.40 from SEK 1.12 a year ago.
During the quarter, the company launched two new car models: the fully electric ES90 and a small, fully electric SUV, the EX30 Cross Country.
In February, the company completed the divestment of its 30% stake in Lynk & Co. to Zhejiang Zeekr Intelligent Technology Co. Ltd.
Tate & Lyle plc declined 1.1% to 547.00 pence after the UK-based specialty food and beverage company reported fiscal year results ending in March.
Revenue climbed to £1.74 billion from £1.65 billion, profit declined to £143 million from £188 million, and diluted earnings per share fell to 11.6 pence from 39.8 pence a year ago.
Given the significant benefits of the combination with CP Kelco ApS, the company expects revenue growth towards the higher end of its 4% to 6% range each year.
The company said that tariffs and the associated uncertainty have increased costs for both the business and its customers, mainly for products supplied between the U.S. and China.
The company has completed share repurchases worth £216 million, returning proceeds from Primient disposal to shareholders.
Furthermore, Tate & Lyle has proposed a final dividend of 13.4 pence per share and a full-year dividend of 19.8 pence per share, an increase of 3.7% over the previous year.
The final dividend will be paid on August 1 to shareholders on record on June 20.
Pennon Group Plc. dropped 3.2% to 492.40 pence after the UK-based water and wastewater services provider reported full-year 2025 results.
Revenue increased to £1.05 billion from £907.8 million, net loss widened to £57.9 million from £9.5 million, and diluted loss per share expanded to 16.1 pence from 2.9 pence a year ago.
The company paid a dividend of 31.57 pence per share, compared to 36.67 pence per share in 2024.
“For 2025/26, we are anticipating a return to profitability, with EBITDA expected to increase by 2/3rds through increased revenue and a reset of the cost base,” the company said in a release to investors.
Chemring Group Plc. soared 7.5% to 523.00 pence after the UK-based provider of advanced technology solutions for defense, security, and commercial markets reported results for the six months to April 30.
Revenue increased to £234.3 million from £223.4 million, pre-tax profit jumped to £24.1 million from £22.7 million, and diluted earnings per share rose to 6.8 pence from 6.6 pence a year ago.
The company paid an interim dividend of 2.7 pence per share, compared to 2.6 pence per share in the same period in 2024.
The company posted a record first-half order intake of £488 million and an order book of £1.304 billion, the highest in Chemring’s history.
British American Tobacco Plc. gained 0.4% to 3,357.0 pence after the company released its first-half 2024 trading update.
Revenue declined to £12.34 billion from £13.44 billion, attributable profit jumped to £4.47 billion from £3.94 billion, and diluted earnings per share rose to 200.3 pence from 176.0 pence a year ago.
For the year ending December 2024, revenue edged down to £25.87 billion from £27.28 billion, and profit from operations was £2.74 billion, compared to an operating loss of £15.75 billion a year earlier.
Europe Movers: Tate & Lyle, Volvo Car
Inga Muller
03 Jun, 2025
Frankfurt
Volvo Car AB dropped 2.4% to 16.98 krona after the Swedish passenger car manufacturer reported first-quarter 2025 results.
Revenue declined to SEK 82.95 billion from SEK 93.88 billion, net income edged down to SEK 1.20 billion from SEK 3.34 billion, and diluted earnings per share fell to SEK 0.40 from SEK 1.12 a year ago.
During the quarter, the company launched two new car models: the fully electric ES90 and a small, fully electric SUV, the EX30 Cross Country.
In February, the company completed the divestment of its 30% stake in Lynk & Co. to Zhejiang Zeekr Intelligent Technology Co. Ltd.
Tate & Lyle plc declined 1.1% to 547.00 pence after the UK-based specialty food and beverage company reported fiscal year results ending in March.
Revenue climbed to £1.74 billion from £1.65 billion, profit declined to £143 million from £188 million, and diluted earnings per share fell to 11.6 pence from 39.8 pence a year ago.
Given the significant benefits of the combination with CP Kelco ApS, the company expects revenue growth towards the higher end of its 4% to 6% range each year.
The company said that tariffs and the associated uncertainty have increased costs for both the business and its customers, mainly for products supplied between the U.S. and China.
The company has completed share repurchases worth £216 million, returning proceeds from Primient disposal to shareholders.
Furthermore, Tate & Lyle has proposed a final dividend of 13.4 pence per share and a full-year dividend of 19.8 pence per share, an increase of 3.7% over the previous year.
The final dividend will be paid on August 1 to shareholders on record on June 20.
Stock Movers: Suzlon Energy, ICRA, DCM Nouvelle, NBCC, Inox Wind, Ajmera Realty, Vodafone Idea, Adani Energy
Arun Goswami
03 Jun, 2025
Mumbai
Suzlon Energy Ltd. dropped 3.6% to ₹68.63 despite the renewable energy solutions provider reporting more than a two-fold jump in earnings in the March quarter.
Consolidated revenue in the March quarter increased to ₹3,825.2 crore from ₹2,207.4 crore, and after-tax profit jumped to ₹1,181 crore from ₹254.2 crore, and diluted earnings per share soared to 86 paise from 19 paise a year ago.
For the fiscal year 2025, revenue advanced to ₹10,993.1 crore from ₹6,567.5 crore, after-tax profit increased to ₹2,071.6 crore from ₹660.4 crore, and diluted earnings per share rose to ₹1.51 from 50 paise a year ago.
ICRA Ltd. advanced 0.9% to ₹6,804 after the credit rating agency reported a 19% rise in its earnings in the latest quarter.
Consolidated revenue in the March quarter inched higher to ₹156.8 crore from ₹147.6 crore, and after-tax profit advanced to ₹56 crore from ₹47.1 crore, and diluted earnings per share rose to ₹57.86 from ₹48.64 a year ago.
For the fiscal year 2025, revenue edged higher to ₹575.4 crore from ₹521.1 crore, after-tax profit increased to ₹171.2 crore from ₹152.2 crore, and diluted earnings per share soared to ₹176.5 from ₹156.99 a year ago.
The company's board recommended a final dividend of ₹60 per share.
DCM Nouvelle Limited increased 6% to ₹192.95 after the cotton yarn manufacturer and exporter’s net income swung to a profit from a year ago in the March quarter.
Consolidated revenue in the March quarter advanced to ₹283.7 crore from ₹266.6 crore, and net income swung to a profit of ₹5.3 crore from a loss of ₹2.5 crore, and diluted earnings per share rose to an income of ₹2.84 from a loss of ₹1.35 a year ago.
For the fiscal year 2025, revenue edged down to ₹1,081.7 crore from ₹1,087.6 crore, net income swung to a profit of ₹6 crore from a loss of ₹4 crore, and diluted earnings per share rose to an income of ₹3.22 from a loss of ₹2.20 a year ago.
NBCC (India) Ltd. declined 0.2% to ₹124.50 despite the construction company reporting a 30% increase in net income in the March quarter.
Consolidated revenue in the March quarter edged up to ₹4,700.9 crore from ₹4,047.7 crore, and after-tax profit inched higher to ₹182.7 crore from ₹141.5 crore, and diluted earnings per share rose to 65 paise from 50 paise a year ago.
For the fiscal year 2025, revenue edged higher to ₹12,273 crore from ₹10,640.8 crore, after-tax profit increased to ₹557.4 crore from ₹414.4 crore, and diluted earnings per share soared to ₹2 from ₹1.49 a year ago.
The company's board recommended a dividend of 14 paise per share.
Inox Wind Ltd. jumped 0.6% to ₹184.35 after the wind energy solutions provider reported nearly a five-fold increase in quarterly earnings.
Consolidated revenue increased to ₹1,310.7 crore from ₹569 crore, net income jumped to ₹190.3 crore from ₹38.7 crore, and diluted earnings per share advanced to ₹1.15 from 24 paise a year ago.
For the fiscal year 2025, revenue edged higher to ₹3,701.6 crore from ₹1,808 crore, net income swung to a profit of ₹437.6 crore from a loss of ₹48.2 crore, and diluted earnings per share rose to an income of ₹2.75 from a loss of 28 paisa a year ago.
Ajmera Realty & Infra India Limited plunged 0.8% to ₹847.90 despite the real estate developer and infra company reporting more than a two-fold jump in earnings in the March quarter.
Consolidated revenue in the March quarter advanced to ₹59.3 crore from ₹33.5 crore, and after-tax profit jumped ₹3.3 crore from ₹1.6 crore, and diluted earnings per share rose to ₹1.58 from 71 paise a year ago.
For the fiscal year 2025, revenue edged higher to ₹174.4 crore from ₹94.5 crore, after-tax profit soared to ₹16 crore from ₹13 crore, and diluted earnings per share increased to ₹5.96 from ₹ 5.66 a year ago.
The company's board recommended a final dividend of ₹1 per share.
Vodafone Idea Limited fell 1.4% to ₹6.94, despite the telecom service provider saying its net loss shrank in the March quarter.
Consolidated revenue in the March quarter inched higher to ₹11,228 crore from ₹10,639 crore, after-tax loss shrank to ₹7,166 crore from ₹7,674 crore, and diluted losses per share declined to ₹1.01 from ₹1.57 a year ago.
For the fiscal year 2025, revenue edged higher to ₹44,591 crore from ₹42,764 crore, net loss decreased to ₹27,383 crore from ₹31,238 crore, and diluted losses per share fell to ₹4.01 from ₹6.41 a year ago.
Adani Energy Solutions Limited decreased 1.3% to ₹864 despite the energy solutions provider reporting an 83% jump in its earnings in the March quarter.
Consolidated revenue in the March quarter inched higher to ₹6,596.4 crore from ₹4,855 crore, and after-tax profit jumped to ₹713.7 crore from ₹381.3 crore, and diluted earnings per share rose to ₹5.50 from ₹3.24 a year ago.
For the fiscal year 2025, revenue edged higher to ₹24,446.6 crore from ₹17,218.3 crore, after-tax profit decreased to ₹921.7 crore from ₹1,195.6 crore, and diluted earnings per share fell to ₹9.05 from ₹10.20 a year ago.
Stock Movers: Suzlon Energy, ICRA, DCM Nouvelle, NBCC, Inox Wind, Ajmera Realty, Vodafone Idea, Adani Energy
Arun Goswami
03 Jun, 2025
Mumbai
Suzlon Energy Ltd. dropped 3.6% to ₹68.63 despite the renewable energy solutions provider reporting more than a two-fold jump in earnings in the March quarter.
Consolidated revenue in the March quarter increased to ₹3,825.2 crore from ₹2,207.4 crore, and after-tax profit jumped to ₹1,181 crore from ₹254.2 crore, and diluted earnings per share soared to 86 paise from 19 paise a year ago.
For the fiscal year 2025, revenue advanced to ₹10,993.1 crore from ₹6,567.5 crore, after-tax profit increased to ₹2,071.6 crore from ₹660.4 crore, and diluted earnings per share rose to ₹1.51 from 50 paise a year ago.
ICRA Ltd. advanced 0.9% to ₹6,804 after the credit rating agency reported a 19% rise in its earnings in the latest quarter.
Consolidated revenue in the March quarter inched higher to ₹156.8 crore from ₹147.6 crore, and after-tax profit advanced to ₹56 crore from ₹47.1 crore, and diluted earnings per share rose to ₹57.86 from ₹48.64 a year ago.
For the fiscal year 2025, revenue edged higher to ₹575.4 crore from ₹521.1 crore, after-tax profit increased to ₹171.2 crore from ₹152.2 crore, and diluted earnings per share soared to ₹176.5 from ₹156.99 a year ago.
The company's board recommended a final dividend of ₹60 per share.
DCM Nouvelle Limited increased 6% to ₹192.95 after the cotton yarn manufacturer and exporter’s net income swung to a profit from a year ago in the March quarter.
Consolidated revenue in the March quarter advanced to ₹283.7 crore from ₹266.6 crore, and net income swung to a profit of ₹5.3 crore from a loss of ₹2.5 crore, and diluted earnings per share rose to an income of ₹2.84 from a loss of ₹1.35 a year ago.
For the fiscal year 2025, revenue edged down to ₹1,081.7 crore from ₹1,087.6 crore, net income swung to a profit of ₹6 crore from a loss of ₹4 crore, and diluted earnings per share rose to an income of ₹3.22 from a loss of ₹2.20 a year ago.
NBCC (India) Ltd. declined 0.2% to ₹124.50 despite the construction company reporting a 30% increase in net income in the March quarter.
Consolidated revenue in the March quarter edged up to ₹4,700.9 crore from ₹4,047.7 crore, and after-tax profit inched higher to ₹182.7 crore from ₹141.5 crore, and diluted earnings per share rose to 65 paise from 50 paise a year ago.
For the fiscal year 2025, revenue edged higher to ₹12,273 crore from ₹10,640.8 crore, after-tax profit increased to ₹557.4 crore from ₹414.4 crore, and diluted earnings per share soared to ₹2 from ₹1.49 a year ago.
The company's board recommended a dividend of 14 paise per share.
Inox Wind Ltd. jumped 0.6% to ₹184.35 after the wind energy solutions provider reported nearly a five-fold increase in quarterly earnings.
Consolidated revenue increased to ₹1,310.7 crore from ₹569 crore, net income jumped to ₹190.3 crore from ₹38.7 crore, and diluted earnings per share advanced to ₹1.15 from 24 paise a year ago.
For the fiscal year 2025, revenue edged higher to ₹3,701.6 crore from ₹1,808 crore, net income swung to a profit of ₹437.6 crore from a loss of ₹48.2 crore, and diluted earnings per share rose to an income of ₹2.75 from a loss of 28 paisa a year ago.
Ajmera Realty & Infra India Limited plunged 0.8% to ₹847.90 despite the real estate developer and infra company reporting more than a two-fold jump in earnings in the March quarter.
Consolidated revenue in the March quarter advanced to ₹59.3 crore from ₹33.5 crore, and after-tax profit jumped ₹3.3 crore from ₹1.6 crore, and diluted earnings per share rose to ₹1.58 from 71 paise a year ago.
For the fiscal year 2025, revenue edged higher to ₹174.4 crore from ₹94.5 crore, after-tax profit soared to ₹16 crore from ₹13 crore, and diluted earnings per share increased to ₹5.96 from ₹ 5.66 a year ago.
The company's board recommended a final dividend of ₹1 per share.
Vodafone Idea Limited fell 1.4% to ₹6.94, despite the telecom service provider saying its net loss shrank in the March quarter.
Consolidated revenue in the March quarter inched higher to ₹11,228 crore from ₹10,639 crore, after-tax loss shrank to ₹7,166 crore from ₹7,674 crore, and diluted losses per share declined to ₹1.01 from ₹1.57 a year ago.
For the fiscal year 2025, revenue edged higher to ₹44,591 crore from ₹42,764 crore, net loss decreased to ₹27,383 crore from ₹31,238 crore, and diluted losses per share fell to ₹4.01 from ₹6.41 a year ago.
Adani Energy Solutions Limited decreased 1.3% to ₹864 despite the energy solutions provider reporting an 83% jump in its earnings in the March quarter.
Consolidated revenue in the March quarter inched higher to ₹6,596.4 crore from ₹4,855 crore, and after-tax profit jumped to ₹713.7 crore from ₹381.3 crore, and diluted earnings per share rose to ₹5.50 from ₹3.24 a year ago.
For the fiscal year 2025, revenue edged higher to ₹24,446.6 crore from ₹17,218.3 crore, after-tax profit decreased to ₹921.7 crore from ₹1,195.6 crore, and diluted earnings per share fell to ₹9.05 from ₹10.20 a year ago.
Japan Releases Stockpiled Rice Ahead of Summer Election
Akira Ito
03 Jun, 2025
Tokyo
Japan's stock market indexes rebounded after easing in the previous two sessions despite rising global trade tensions.
The Nikkei 225 Stock Average edged up a fraction, and the Topix index decreased 0.2% amid worries about the lack of progress in the U.S.-Japan trade talks.
Steel stocks traded down after the U.S. president announced he would impose a 50% import tax on steel imports from the European Union, raising the prospects of potential ripple effects on Japan's steel industry.
Japan's government finally released 201,000 tons of rice to stem the surge in price over the last year.
The government expedited the sale of 5 kg rice bags for 2,000 yen to a network of stores across the nation after the bag's price shot up to 4,285 yen, or about $30, in mid-May.
The move is likely to ease financial stress on families, but the government may have to release at least an additional 150,000 tons of rice over the next three months.
Rice prices shot up in 2024 after a record heat wave damaged rice crops, and record tourism and the fear of a megaquake contributed to a demand surge over the last nine months.
The average price eased to 4,260 yen for a 5 kg bag in the week through May 25, down 25 yen from the previous week.
In the absence of major economic news, investors focused on global developments, and rising trade tensions between the U.S. and China dampened the prospect of a trade agreement in the immediate future.
Japan Indexes and Stocks
The Nikkei 225 Stock Average edged up 0.1% to 37,491.06, and the broader Topix index decreased 0.2% to 37,491.06.
Seven & I Holdings increased 1.5% to ¥2,226.50, and the company's subsidiary Ito-Yokado secured about 5,000 tons of rice from the government to distribute over the next two months.
AEON Co. Ltd. declined 0.4% to ¥4,396.0, and Pan Pacific International Holdings Corp. decreased 0.8% to ¥4,693.0.