Topic
q1
Finance Gold loans jump 93.8% y-o-y, fuel bank credit growth in Q1FY27
According to Business Today, gold loans expanded 93.8% year-on-year at end-June 2026, accounting for 13.1% of incremental non-food credit. Overall bank credit rose 18.6% to Rs 219.3 lakh crore, led by industry (19.2%) and services (21.4%) growth.
Commodities Buffalo meat and non-basmati rice lead 14% surge in India's Q1 agri exports
India's agricultural exports monitored by APEDA rose 14% year-on-year in Q1 FY27 to $7.641 billion, driven by a 66% surge in buffalo meat (carabeef) and a 12% increase in non-basmati rice. Basmati rice shipments fell 3% in value, while pulses exports grew 52%.
Business Prestige Estates Q1 Profit Declines 19% to ₹236 Crore, Revenue Rises
Prestige Estates Projects Ltd reported a 19% decline in consolidated net profit to ₹235.9 crore for Q1 FY2026-27, while total income rose to ₹2,835.6 crore. The company also announced a strategic partnership for a residential project in Thane with expected revenue of ₹6,000 crore.
Trade India Smartphone Exports Surge 23% to $9.8 Billion in Q1 Driven by iPhone Shipments
According to Business-Today, India's smartphone exports rose 23.4% year-on-year to $9.8 billion in the first quarter (April-June), the highest ever. The growth was driven by strong iPhone shipments to the US, which accounted for 71% of export value in April-May. Industry estimates project exports could reach $35 billion in FY27, up from $29 billion in FY26.
Commodities India imports 25.08 lakh tonnes of urea in Q1, diversifies fertiliser supply sources
India imported 25.08 lakh tonnes of urea and 7.11 lakh tonnes of DAP in April-June 2025-26, according to government data. The Chemicals and Fertilizers Minister J P Nadda informed Parliament that the government is diversifying import sources, including long-term agreements with Saudi Arabia and Russia, to mitigate supply chain risks.
Finance Q1 Bank Credit Flow Surges 10x as Market Mop-Up Collapses, RBI Data Shows
In Q1 FY27, bank credit to the commercial sector surged more than tenfold, while capital market mobilisation collapsed, according to RBI data. Incremental non-food bank credit rose to Rs 5,05,152 crore from Rs 49,813 crore, raising its share to 65% of total resource flows. Corporate bond and equity issuances fell sharply, indicating a major shift in corporate funding sources.
Business Sobha Q1 Net Profit Surges Nearly 250% to ₹51 Crore on Strong New Launches
Sobha Limited posted a 274% jump in Q1 FY27 net profit to ₹51 crore, with revenue rising 48% to ₹1,330 crore. The company achieved its highest-ever quarterly sales of ₹3,656 crore, driven by new project launches in Bangalore and Gurgaon.
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%.
Manufacturing India Smartphone Shipments Decline 10% in June Quarter, Sharpest Drop in 3 Years
India's smartphone shipments declined 10% year-on-year in the June quarter, the steepest drop in three years, driven by record-high memory prices and weak demand in the mass-market segment. Chinese brands suffered most, while Samsung posted growth. Premium devices held steady.
Business Wipro Q1 Revenue Falls 1.4% to $2.6 Billion, Trails Peers Amid AI-Led Spending Shift
Wipro's June-quarter revenue declined 1.4% sequentially to $2.6 billion, missing the performance of larger peers TCS and HCLTech. Operating margin fell 130 basis points to 16% due to wage hikes and AI investments. CEO Srini Pallia said clients are shifting IT budgets toward AI, lengthening decision cycles and reducing discretionary spending.
Business 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.
Logistics India Post crosses Rs 4,000 crore quarterly revenue for first time; Q1 turnover jumps 22%
India Post's Q1 FY27 revenue crossed Rs 4,000 crore for the first time, reaching Rs 4,008 crore, a 22.2% increase year-on-year. The parcel vertical grew 50%, highlighting strong last-mile delivery demand. The milestone was announced by Union Communications Minister Jyotiraditya Scindia.
Trade India’s coffee exports volumes rise 28% in Q1, value up 12% on higher demand
India’s coffee exports recorded strong growth in the April-June quarter of FY27, with volumes rising 28% to 1.3 lakh tonnes and value increasing 12% to $678 million, driven by European demand. Higher freight rates and the West Asian crisis weighed on realisations, but a weaker rupee helped offset the impact.
Business Max Estates posts ₹1,100 crore pre-sales in Q1 FY2027, up 5x year-on-year
Max Estates Ltd reported pre-sales of approximately ₹1,100 crore for Q1 FY2027, a more than fivefold increase year-on-year. The surge was driven by the full sell-out of Phase 1 of its luxury project The Terraces in Noida and strong sustenance sales from existing projects, with collections at ₹500 crore enabling debt-free construction funding.
Business FMCG Q1 Demand Stable Amid Price Hikes; Companies Warn El Nino May Hit Rural Consumption
Demand for soaps, shampoos, and packaged food remained stable in the June quarter despite price hikes, according to quarterly updates from major FMCG companies. However, companies flagged the risk of El Nino conditions on monsoon rains, which could dampen rural consumption. Firms like Dabur reported double-digit growth, while Godrej Consumer Products (GCPL) expects margin pressure due to cost pressures.
Finance Loan Growth Quickens in Q1 as Deposit Gap Widens, Pressuring Bank Margins
Indian banks reported elevated credit growth in Q1 FY27, with some lenders posting advances growth double the system rate. However, deposit growth remained sluggish, widening the credit-deposit gap to 5.4% and pushing the loan-to-deposit ratio to 82.7%, the highest in over a decade. Public sector banks are losing deposit market share, while private banks tactically shed high-cost bulk deposits.
Logistics Canada Post Faces 17.2% Parcel Volume Decline in Q1
Canada Post experienced a 17.2% drop in parcel volumes in Q1, resulting in a significant financial loss. This decline is attributed to labor disputes and operational changes.