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Logistics platform Porter logs 54% revenue growth for FY26; profit rises four-fold to Rs 229 crore

Porter’s operating revenue rose 54% to Rs 6,649 crore in FY26, marking its fifth consecutive year of over 50% growth. Net profit nearly quadrupled to Rs 229 crore, while Ebitda more than tripled to Rs 159 crore. The company, which is backed by investors such as Kedaara Capital and Wellington Management, saw its largest expense, fleet operator costs, climb 58% to Rs 5,849 crore in FY26.

Logistics platform Porter logs 54% revenue growth for FY26; profit rises four-fold to Rs 229 crore

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Euro remains subdued following German inflation data

EUR/USD extends its losses for the third successive day, trading around 1.1540 during the European hours on Wednesday. The pair holds losses as the Euro (EUR) remains weaker following the release of Germany’s Harmonized Index of Consumer Prices (HICP) data.

Export-Import Bank Launches KAI Aerospace Consulting

The Export-Import Bank of Korea, the largest shareholder of Korea Aerospace Industries Ltd. (KAI), has launched a large-scale consulting project aimed at strengthening the competitiveness of the…

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Hahn & Co. Rules Out Delisting for One Year

Private equity fund manager Hahn & Company has unveiled strong self-imposed measures to block controversy over allegations that SK D&D’s large-scale capital increase is laying the groundwork for a…

  • Hahn & Co. will not attempt to delist SK D&D for at least one year.
  • The firm abstains from pursuing delisting via tender offers.
  • Hahn & Co. commits to refraining from acquiring additional shares.

Gold rebounds towards 10-week high as markets brace for US inflation data

Gold prices rose on Wednesday, supported by reduced bets on Federal Reserve tightening next month as investors awaited key US inflation data that could reshape policy expectations. Spot gold gained 0.6 per cent to $4,391.82 per ounce by 0535 GMT. US gold futures for December delivery rose 0.2pc to $4,451.90.

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