Topic
q1fy27
Business Hatsun Agro Product Q1FY27 PAT flat at ₹133 crore on higher material costs despite 19% revenue growth
Hatsun Agro Product (HAP) reported a 1.5% decline in PAT to ₹133 crore for Q1FY27, impacted by a 37% rise in material costs, despite revenue growing 19% to ₹3,093 crore. Chairman RG Chandramogan highlighted strong brand equity and an expanded network of 42,000+ retail outlets across 22 manufacturing facilities in six states.
Finance IDBI Bank Q1FY27 Net Profit Rises 3.3% to Rs 2,007 Crore on Lower Provisions Despite Weaker Operating Profit
IDBI Bank's standalone net profit for Q1 ended June 30, 2026 rose 3.3% year-on-year to Rs 2,007.36 crore, aided by a write-back of provisions of Rs 179.46 crore. Net interest income fell marginally while non-interest income dropped sharply, leading to a 28.1% decline in operating profit. Asset quality remained stable with gross NPAs at 2.30%.
Finance Banks Add Rs 7 Lakh Crore in Deposits During Last Fortnight of Q1FY27
Aggregate deposits with Indian banks surged by Rs 7 lakh crore (2.7%) in the last fortnight of Q1FY27 to reach Rs 265.4 lakh crore, driven by a balanced rise in demand and time deposits. Despite this, year-on-year credit growth of 18.6% continues to outpace deposit growth of 13.3%, leading to slower bank investments in government securities. SBI's chief economist attributes the deposit surge partly to capital inflows from FCNR(B), ECB, and OFCB, alongside $7 billion in FII inflows following government measures.