India Corporate Earnings Show Uneven Sector Momentum

Recent corporate earnings updates from Indian companies reflected mixed performance across sectors. An investment focused firm reported strong growth in income and profitability for the quarter, while a utilities company posted marginal declines. Technology and biotech firms releasing results in mid December highlighted sector level divergence amid broader market volatility.

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.