Latest news with #8.2
The Hindu
a day ago
- Business
- The Hindu
GST revenue up 6.2% to ₹1.85 lakh crore in June 2025, slowest growth in 4 years
India's gross Goods and Services Tax (GST) collections stood at a four-month low of ₹1.85 lakh crore in June 2025, 6.2% higher than the collections seen in June of last year, and 8.2% lower than the collections in May 2025. The growth rate of gross collections in June 2025 was the lowest growth in four years, since June 2021. The latest data also shows that collections in the first quarter of this financial year (April-June 2025) stood at ₹2.07 lakh crore. The GST data shows that, once refunds are accounted for, the net GST collections figure stood at ₹1.59 lakh crore in June 2025, 3.3% higher than the comparable figure in June 2024. 'The domestic GST collections for June 2025 present a nuanced picture,' Saurabh Agarwal, Tax Partner at EY India, said. 'While the overall growth appears muted, likely influenced by the prevailing geopolitical uncertainties and their discernible impact on consumer sentiment, we must look beyond the headline numbers,' he said. He added that it is a positive sign that the data shows strong pockets of growth in GST collections in regions such as Nagaland, Sikkim, Tripura, Lakshadweep, and Ladakh. 'Around 6% growth in GST collections, coupled with less than 4% growth in advance tax collection for the first quarter of FY26, does indicate softening of demand and cautious outlook,' Pratik Jain, Partner, Price Waterhouse & Co LLP said.
Yahoo
23-05-2025
- Business
- Yahoo
Q1 Earnings Roundup: Perma-Fix (NASDAQ:PESI) And The Rest Of The Waste Management Segment
Earnings results often indicate what direction a company will take in the months ahead. With Q1 behind us, let's have a look at Perma-Fix (NASDAQ:PESI) and its peers. Waste management companies can possess licenses permitting them to handle hazardous materials. Furthermore, many services are performed through contracts and statutorily mandated, non-discretionary, or recurring, leading to more predictable revenue streams. However, regulation can be a headwind, rendering existing services obsolete or forcing companies to invest precious capital to comply with new, more environmentally-friendly rules. Lastly, waste management companies are at the whim of economic cycles. Interest rates, for example, can greatly impact industrial production or commercial projects that create waste and byproducts. The 9 waste management stocks we track reported a mixed Q1. As a group, revenues missed analysts' consensus estimates by 1%. Thankfully, share prices of the companies have been resilient as they are up 8.2% on average since the latest earnings results. Tackling hazardous waste challenges since 1990, Perma-Fix (NASDAQ:PESI) provides environmental waste treatment services. Perma-Fix reported revenues of $13.92 million, up 2.2% year on year. This print fell short of analysts' expectations by 9%. Overall, it was a disappointing quarter for the company with a significant miss of analysts' EBITDA and EPS estimates. "Our first quarter results reflect the impact of several transitional headwinds," said Mark Duff, President and Chief Executive Officer of Perma-Fix Environmental Services. Perma-Fix delivered the weakest performance against analyst estimates of the whole group. Interestingly, the stock is up 21.1% since reporting and currently trades at $10.72. Read our full report on Perma-Fix here, it's free. Founded to protect a tree-lined two-lane road, Montrose (NYSE:MEG) provides air quality monitoring, environmental laboratory testing, compliance, and environmental consulting services. Montrose reported revenues of $177.8 million, up 14.5% year on year, outperforming analysts' expectations by 6%. The business had a stunning quarter with an impressive beat of analysts' organic revenue estimates and a solid beat of analysts' EPS estimates. Montrose pulled off the biggest analyst estimates beat and highest full-year guidance raise among its peers. The market seems happy with the results as the stock is up 31.6% since reporting. It currently trades at $19.72. Is now the time to buy Montrose? Access our full analysis of the earnings results here, it's free. Recycling corporate waste to help companies be more sustainable, Quest Resource (NASDAQ:QRHC) is a provider of waste and recycling services. Quest Resource reported revenues of $68.43 million, down 5.8% year on year, falling short of analysts' expectations by 5%. It was a slower quarter as it posted a significant miss of analysts' EPS estimates. As expected, the stock is down 2% since the results and currently trades at $2.48. Read our full analysis of Quest Resource's results here. Headquartered in Houston, Waste Management (NYSE:WM) is a provider of comprehensive waste management services in North America. Waste Management reported revenues of $6.02 billion, up 16.7% year on year. This print missed analysts' expectations by 1.4%. All in all, it was a mixed quarter for the company. The stock is up 2% since reporting and currently trades at $233.32. Read our full, actionable report on Waste Management here, it's free. Established in 1980, Clean Harbors (NYSE:CLH) provides environmental and industrial services like hazardous and non-hazardous waste disposal and emergency spill cleanups. Clean Harbors reported revenues of $1.43 billion, up 4% year on year. This number met analysts' expectations. Taking a step back, it was a satisfactory quarter as it also logged an impressive beat of analysts' organic revenue estimates but a miss of analysts' adjusted operating income estimates. The stock is up 6.5% since reporting and currently trades at $227.72. Read our full, actionable report on Clean Harbors here, it's free. As a result of the Fed's rate hikes in 2022 and 2023, inflation has come down from frothy levels post-pandemic. The general rise in the price of goods and services is trending towards the Fed's 2% goal as of late, which is good news. The higher rates that fought inflation also didn't slow economic activity enough to catalyze a recession. So far, soft landing. This, combined with recent rate cuts (half a percent in September 2024 and a quarter percent in November 2024) have led to strong stock market performance in 2024. The icing on the cake for 2024 returns was Donald Trump's victory in the U.S. Presidential Election in early November, sending major indices to all-time highs in the week following the election. Still, debates around the health of the economy and the impact of potential tariffs and corporate tax cuts remain, leaving much uncertainty around 2025. Want to invest in winners with rock-solid fundamentals? Check out our Strong Momentum Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate. Join Paid Stock Investor Research Help us make StockStory more helpful to investors like yourself. Join our paid user research session and receive a $50 Amazon gift card for your opinions. Sign up here.
Fox Sports
19-05-2025
- Sport
- Fox Sports
Carolina and Florida square off to open the third round
Associated Press Florida Panthers (47-31-4, in the Atlantic Division) vs. Carolina Hurricanes (47-30-5, in the Metropolitan Division) Raleigh, North Carolina; Tuesday, 8 p.m. EDT BETMGM SPORTSBOOK LINE: Hurricanes -123, Panthers +103; over/under is 5.5 STANLEY CUP SEMIFINALS: Hurricanes host series opener BOTTOM LINE: The Carolina Hurricanes host the Florida Panthers to start the Eastern Conference finals. The teams meet Thursday for the fourth time this season. The Panthers went 2-1 against the Hurricanes in the regular season. In their last regular season matchup on Jan. 2, the Hurricanes won 3-1. Carolina has a 36-9-1 record in home games and a 47-30-5 record overall. The Hurricanes have scored 266 total goals (3.2 per game) to rank ninth in the league. Florida has a 25-21-2 record in road games and a 47-31-4 record overall. The Panthers are 23-10-0 in games their opponents serve more penalty minutes. TOP PERFORMERS: Sebastian Aho has scored 29 goals with 45 assists for the Hurricanes. Martin Necas has one goal and nine assists over the past 10 games. Sam Reinhart has 39 goals and 42 assists for the Panthers. Anton Lundell has four goals and six assists over the last 10 games. LAST 10 GAMES: Hurricanes: 8-1-1, averaging 3.4 goals, 5.2 assists, 3.6 penalties and 8.2 penalty minutes while giving up 1.7 goals per game. Panthers: 6-4-0, averaging 3.7 goals, 6.4 assists, 4.8 penalties and 15 penalty minutes while giving up 2.6 goals per game. INJURIES: Hurricanes: None listed. Panthers: None listed. ___ The Associated Press created this story using technology provided by Data Skrive and data from Sportradar. recommended
Winnipeg Free Press
19-05-2025
- Sport
- Winnipeg Free Press
Carolina and Florida square off to open the third round
Florida Panthers (47-31-4, in the Atlantic Division) vs. Carolina Hurricanes (47-30-5, in the Metropolitan Division) Raleigh, North Carolina; Tuesday, 8 p.m. EDT BETMGM SPORTSBOOK LINE: Hurricanes -123, Panthers +103; over/under is 5.5 STANLEY CUP SEMIFINALS: Hurricanes host series opener BOTTOM LINE: The Carolina Hurricanes host the Florida Panthers to start the Eastern Conference finals. The teams meet Thursday for the fourth time this season. The Panthers went 2-1 against the Hurricanes in the regular season. In their last regular season matchup on Jan. 2, the Hurricanes won 3-1. Carolina has a 36-9-1 record in home games and a 47-30-5 record overall. The Hurricanes have scored 266 total goals (3.2 per game) to rank ninth in the league. Florida has a 25-21-2 record in road games and a 47-31-4 record overall. The Panthers are 23-10-0 in games their opponents serve more penalty minutes. TOP PERFORMERS: Sebastian Aho has scored 29 goals with 45 assists for the Hurricanes. Martin Necas has one goal and nine assists over the past 10 games. Sam Reinhart has 39 goals and 42 assists for the Panthers. Anton Lundell has four goals and six assists over the last 10 games. LAST 10 GAMES: Hurricanes: 8-1-1, averaging 3.4 goals, 5.2 assists, 3.6 penalties and 8.2 penalty minutes while giving up 1.7 goals per game. Panthers: 6-4-0, averaging 3.7 goals, 6.4 assists, 4.8 penalties and 15 penalty minutes while giving up 2.6 goals per game. INJURIES: Hurricanes: None listed. Panthers: None listed. ___ The Associated Press created this story using technology provided by Data Skrive and data from Sportradar.
Daily Mirror
13-05-2025
- Politics
- Daily Mirror
Farage's Reform UK reached a 'tipping point' - and it's worrying news for Labour
Analysis of the local election results by the Electoral Reform Society shows Reform getting an almost 10-percentage point 'winner's bonus' in their haul of council seats last Thursday compared to their vote share Reform UK have reached a 'tipping point' where Britain's electoral system works for them rather than holding them back. Nigel Farage's party has long opposed the First Past the Post (FPTP) voting system which holds back challenger parties. But analysis of the local election results by the Electoral Reform Society (ERS) shows Reform getting an almost 10-percentage point 'winner's bonus' in their haul of council seats last Thursday compared to their vote share. Across 22 of the 23 councils contested last Thursday, Reform won just under 31% of the vote but garnered just over 40% of the seats, leading to a 'winner's bonus' of 9.8 points. In the 2013 local elections - when Ukip got its strongest vote - the party got just 5% of the council seats available, despite winning 20% of the vote. The ERS analysis shows that just a 12.2-point increase in Reform's vote share in 2025 compared to UKIP's in 2013 has resulted in a huge 35.5-point increase in council seat share. Darren Hughes, Chief Executive of the Electoral Reform Society, said: "It is clear from these results that UK elections are turning into a random lottery to see which party will get the 'winner's bonus' under First Past the Post. " But in worrying news for Labour, Keir Starmer's party suffered the greatest electoral penalty from the FPTP system at the local elections, seeing a difference of -8.2 points, with its 14% vote share yielding just 5% of council seats. Labour benefited from the system hugely in last year's general election, turning a slim lead in votes to a huge commons majority. The FPTP system saw Labour win a landslide 63% of the seats in Westminster on just 34% of the vote [2], leading to the most disproportional parliament in British history. Mr Hughes added: "At these local elections we again saw that people are voting in an increasingly multi-party way and our two-party voting system is simply unable to cope. "That is why it is throwing out distorted results that don't represent the way people voted with parties winning majorities on councils on just over a quarter of the vote. "This just underlines the need to move to a fairer, proportional electoral system for town halls, as well as Westminster, that accurately reflects the way people vote in the seats parties receive. "Rather than gifting different parties massive electoral bonuses that don't represent the votes they won, the only bias the electoral system should have is to the voters."
