Logistics major posts strong quarterly results led by margin expansion

FedEx reported second-quarter revenue of $23.47 billion, exceeding estimates and rising 6.8% year-on-year. Adjusted earnings per share stood at $4.82, ahead of expectations, while adjusted EBITDA reached $2.45 billion, reflecting a 10.4% margin. The company maintained a flat outlook for its freight segment in FY26 following the earnings release.

Gujarat Kidney and Super Speciality is scheduled to open its mainboard IPO between December 22 and 24 with a ₹250.8 crore fresh issue. The company has set a price band of ₹108 to ₹114 per share. Financial disclosures show FY25 profit of ₹9.5 crore, reflecting strong year-on-year growth alongside expanding operational scale.