Topic
corporate earnings
Business Paradeep Phosphates Q1 net profit rises 24% to ₹393 crore on 36% revenue growth
Paradeep Phosphates Ltd reported a 24% year-on-year rise in Q1FY27 net profit to ₹393 crore, driven by a 36% revenue increase to ₹6,124 crore. The board also approved a ₹250-crore investment for an aluminium fluoride plant as part of its diversification into industrial chemicals.
Pricing, Not Volume, Drives India Inc in Q1; Crisil Sees 11-11.5% Revenue Growth Despite Supply Disruptions
India Inc's Q1 FY27 corporate revenue is estimated to grow 11-11.5% according to Crisil, driven by pricing rather than volume, a reversal from the past two years. Resilient domestic demand allowed companies to pass on higher input costs, while supply disruptions from the West Asia conflict impacted exporters and construction. Operating profit margins are expected to contract 75-100 bps.
Net direct tax collections rise nearly 15% to Rs 5.21 lakh crore; advance tax growth signals strong corporate earnings
India's net direct tax collections rose 14.64% to Rs 5.21 lakh crore as of June 17 in FY27, driven by strong corporate advance tax (up 16%) and securities transaction tax (up 45%). The government is on track to meet its FY27 direct tax target of Rs 26.97 lakh crore.