Freshworks, a Software as a Service provider, became profitable in the second quarter of 2026. This occurred amid growing demand for its artificial intelligence (AI) offerings, which contributed to a 16% increase in revenue.
Freshworks, a Software as a Service provider, became profitable in the second quarter of 2026. This occurred amid growing demand for its artificial intelligence (AI) offerings, which contributed to a 16% increase in revenue.
For the reported quarter, the company's net profit was $3.2 million, contrasting with the net loss of $1.7 million recorded in the same period last year.
The review also mentions other trends. For instance, the electric vehicle (EV) sector is projected to create between 30 and 40 million jobs by 2030 due to increasing demand for energy and engineering specialists. In India, the EV industry is entering a phase of high employment due to consumer interest and policy reforms.
Indian two-wheeler EV manufacturer River Mobility, based in Bengaluru, attracted $120 million in a Series C funding round, which includes equity and venture debt. Founded in 2021 by Aravind Mani and Vipin George, the company launched the River Indie model in 2023, focusing on practical value. River Mobility currently operates over 75 stores across India and plans to expand its network to over 350 by March 2028.
Furthermore, the article mentions that the 'looksmaxxing' trend has led to the emergence of facial analysis platforms that claim to use 'scientifically based' methods to assess appearance and suggest cosmetic procedures, although experts warn about the potential harm of such tools.
The text also contains information about the career path of Anjali Mahajan, who moved to the USA in 1997 to pursue a master's degree. After twenty-nine years of work across multiple companies, she holds the position of Vice President and Head of Engineering Services at Amdocs, leading large engineering teams that ensure the functioning of telecommunications giants.
Jindal Stainless Ltd announced a year-on-year increase in consolidated net profit by 7.6%, reaching INR 769 crore in the June quarter, driven by increased revenue. In the same quarter last year, the company recorded a net profit of INR 715 crore, according to the report filed with the stock exchange.
The company's operating revenue grew by 10.5% year-over-year (YoY), amounting to INR 11,279 crore in the first quarter of fiscal year 2027, compared to INR 10,207 crore for the April-June period of the previous fiscal year. As of the end of June, the company's consolidated net debt reached INR 2,950 crore.
Abhidhuday Jindal, Managing Director of Jindal Stainless, noted that the company's results remained resilient despite an extremely dynamic operating environment characterized by supply chain disruptions and changing global trade conditions.
The company reported that in the initial weeks of the quarter, there were disruptions in the supply of industrial gases due to a crisis in West Asia. The company's management proactively mitigated this impact by increasing the use of liquefied natural gas to compensate for the limited availability of propane and LNG.
Despite the measures taken to address the issues, the company had to temporarily reduce production across all manufacturing units. Nevertheless, the company reported sales of finished products amounting to 580,805 metric tons in the first quarter of fiscal year 2027 and maintained healthy financial growth through sustained activity in the value-added product segment.
Export business remained stable amid the complex global situation. A diversified portfolio of markets, which includes expanding opportunities in South Korea, Japan, and Brazil, as well as a constant presence in Europe and the US, helped keep exports at 11% of total sales.
During the media call, Jindal emphasized the need to control growing imports from certain countries, particularly China. He stated that such import flows create challenges for domestic investment amidst rising demand for stainless steel in India, and called on the government not to extend Quality Control Orders (QCOs).
The statement noted that the company's strong performance was driven by steady demand in key end-use sectors, including transportation, infrastructure, manufacturing, and consumer sectors. The automotive segment continued to be a strong growth driver, and volumes of special grades also increased in the first quarter of fiscal year 2027. Furthermore, healthy sales growth was observed in the consumer goods and metro projects segments during the quarter, while demand from the railway sector remained constant. The company also received orders for specialized grades of stainless steel for the energy and oil and gas sectors.
Coforge Limited's consolidated net profit attributable to owners increased by 63.4% year-on-year, reaching INR 518.6 crore in the quarter ending June 30, 2026. Meanwhile, operating revenue grew by 49.2%, amounting to INR 5,527.7 crore.
The comparison of results was complicated by Coforge's acquisition of Encora, which was consolidated from May 1. During the period after the acquisition, Encora contributed INR 957.9 crore in revenue and INR 157.8 crore in profit after tax. The report noted that the current quarter cannot be compared with the same period a year ago.
Encora accounted for 17.3% of total revenue and 29.7% of the group's profit after tax for this quarter.
Earnings Before Interest and Taxes (EBIT), which management uses to assess segment performance, rose by 101.5%, reaching INR 882.2 crore compared to INR 437.9 crore. The EBIT margin expanded by 414 basis points, rising from 11.8% to 16.0%.
Total expenses increased by 43.9%, totaling INR 4,797.4 crore. Among these, the growth in employee benefits expenses was 41.1% (to INR 3,125 crore), professional fees increased by 45.7% (to INR 700.2 crore), and depreciation and amortization by 51.4% (to INR 241.1 crore). Financial costs increased by 87.4%, reaching INR 86.6 crore.
Profit before exceptional items and taxes increased by 94.0%, amounting to INR 757.1 crore. The group recorded net exceptional expenses of INR 55 crore, higher than INR 24.8 crore the previous year, resulting in a profit before tax of INR 702.1 crore.
These exceptional items included INR 61.3 crore in costs for the acquisition and integration of Encora, INR 5 crore in legal expenses related to cybersecurity, and a provision of INR 10.8 crore against a client's debt following bankruptcy filing. These amounts were partially offset by a foreign exchange gain of INR 22.1 crore resulting from the devaluation of the Bolivian currency.
Total consolidated profit was INR 531.7 crore, which is 49.2% more than INR 356.4 crore. The figure for the current quarter relates exclusively to continuing operations, whereas the total figure for the last year included INR 70.2 crore in profit from discontinued operations.
Profit attributable to non-controlling interests decreased to INR 13.1 crore from INR 39 crore. Basic earnings per share for both continuing and discontinued operations rose to INR 12.34 from INR 9.47.
Revenue from America increased by 63.4%, reaching INR 3,417.8 crore, and EBIT in the region more than doubled to INR 606.1 crore. Revenue from Europe, Middle East, and Africa grew by 33.6% to INR 1,492.4 crore, while revenue from the rest of the world business increased by 24.7% to INR 617.5 crore.
Coforge completed the acquisition of Encora on April 23, 2026. The allocation of the purchase price was preliminary and resulted in goodwill of INR 12,089 crore. The cash component of the deal was financed through US dollar borrowings of INR 550 million.
The Board of Directors announced an interim dividend of INR 4 per share for the financial year 27, setting August 3, 2026, as the record date. The dividend will be paid within 30 days of its announcement.
