Topic
fy27
Manufacturing Mahindra retains FY27 tractor growth guidance despite 18% jump in June-quarter volumes
Mahindra & Mahindra retained its FY27 guidance for mid-single-digit growth in the domestic tractor industry despite an 18% jump in June-quarter domestic volumes. The company sold 158,000 tractors with a 44.9% market share, while farm machinery revenue hit a record ₹362 crore. Management cited a high second-half base and monsoon uncertainty for the cautious outlook.
Manufacturing Tractor Industry Growth to Moderate to 1-4% in FY27 on Weak Monsoon Outlook: ICRA
According to ICRA, the tractor industry's volume growth is expected to moderate to 1-4% in FY27, down from 23.5% in FY26, due to a high base and a below-normal monsoon forecast. The Indian Meteorological Department projects below-normal rainfall due to El Nino, posing risks to kharif production and farm incomes. Despite this, margins and credit profiles of OEMs remain healthy.
Commodities Emami Agrotech targets ₹22,000 crore turnover in FY27 amid robust edible oil demand
Emami Agrotech, the edible oil and foods arm of Emami Group, targets a turnover of ₹22,000 crore in FY27, driven by 10% revenue growth. CEO Sudhakar Rao Desai cites robust demand ahead of the festive season and stable commodity prices, but remains cautious on geopolitical tensions and El Nino weather risks. The company is expanding its foods portfolio and focusing on brand building.
Commodities India's Power Sector Set for Strong FY27 Growth on Surging Demand and Capacity Additions: Report
A report by 360 ONE Capital forecasts robust growth for India's power sector in FY27, driven by 8% year-on-year electricity demand increase and record peak consumption of 270.82 GW. The country added 16.8 GW of capacity in the April-June 2026 quarter, with renewables leading at 13.2 GW. Coal remains the backbone of the energy mix, contributing ~70% of generation.
Finance Punjab National Bank Q1 net profit surges 213% to Rs 5,253 crore on lower tax outgo
Punjab National Bank (PNB) posted a standalone net profit of Rs 5,253 crore for the quarter ended June 30, 2026, a 213.6% jump from Rs 1,675 crore a year earlier. The surge was aided by a steep 66.1% decline in tax outgo, even as non-interest income fell 17.7%. Asset quality improved with gross NPA ratio falling to 2.78% from 3.78%.
Business EY Forecasts India GDP Growth of 6.6-6.8% in FY27 on Resilient Domestic Demand, Lower Energy Prices
EY's Economy Watch expects India's real GDP to grow 6.6-6.8% in FY27, driven by resilient domestic demand, lower global energy prices, and normalisation of Strait of Hormuz shipments. CPI inflation is projected at 4.5% and the current account deficit at 1.5% of GDP.
Trade India's Export Outlook Challenging for FY27, but Worst Is Over: Elara Securities
Elara Securities reported that India's export outlook for FY27 remains challenging but the worst is over, as May trade data showed a 16% YoY rise in overall exports to nearly $82 billion. The report highlighted a divergence in export performance to the US versus other countries, and noted that softer crude oil prices and potential freight cost moderation could help normalize the import bill. However, concerns persist over the widening electronics trade deficit.
Business Fertiliser Ministry Seeks 100% Increase in FY27 Subsidy Amid West Asia Crisis
The Indian fertiliser ministry has approached the finance ministry seeking a 100% increase in the fertiliser subsidy budget for FY27, from Rs 1.71 lakh crore, as global prices rise due to the West Asia conflict. Domestic production is increasing, but imports remain significant, with urea imports exceeding 100 lakh tonnes last fiscal. The government assures adequate stocks for the kharif season, with over 51% of requirement already available.
Business Embassy Developments Targets ₹8,000 Crore Pre-Sales in FY27 Amid West Asia Supply Chain Pressures
Embassy Developments Ltd aims for ₹8,000 crore in pre-sales for FY27, a 73% jump from the previous year. Managing Director Aditya Virwani cited robust end-user demand but flagged West Asia-linked supply constraints for tiles and other materials, which are squeezing industry profit margins. The company will launch ₹19,500 crore worth of homes across Bengaluru, MMR, and Delhi-NCR to meet the target.
Business OECD Forecasts India's Growth Amid Global Economic Challenges
The OECD forecasts India to achieve a growth rate of 6.3% in FY27 and 6.4% in FY28, despite global economic challenges. Fiscal and monetary policies are expected to adapt to inflationary pressures and energy price shocks.