Rallis India Ltd, a company engaged in the agricultural resources sector, reported a 31 percent increase in net profit for the period from April to June, amounting to 125 crore rupees, due to increased revenue.
Rallis India Ltd, a company engaged in the agricultural resources sector, reported a 31 percent increase in net profit for the period from April to June, amounting to 125 crore rupees, due to increased revenue.
In the same period last year, the company's net profit was 95 crore rupees. According to regulatory filings submitted on Monday, total revenue for the first quarter of the current fiscal year reached 1035 crore rupees, compared to 969 crore rupees in the corresponding period of the previous year.
Gyandendra Shukla, Managing Director and CEO of Rallis India, noted that the company demonstrated stable results in the first quarter of the fiscal year 27. He attributed this to 'focused execution across all business verticals, improved profitability, and continuous investments in strengthening our portfolio and capabilities.'
Rallis India Ltd is a subsidiary of Tata Chemicals Ltd and is part of the Tata Group, which has a valuation exceeding $180 billion. The company's operations cover the segments of seeds, crop care, soil health, and plant health.
The public sector lender Indian Overseas Bank (IOB) reported a significant increase in net profit of 49.3 percent year-on-year on Monday. Over the three months ending in June 2026, the bank earned 1,659 crore rupees, which was attributed to an improvement in asset quality.
In the same quarter last year, the bank had recorded a net profit of 1,111 crore rupees. According to the report submitted to the stock exchange system, total income for the period from April to June increased to 10,938 crore rupees compared to 8,866.47 crore rupees the previous year.
The bank's asset quality showed positive momentum. The Gross Non-Performing Assets (GNPA) ratio decreased to 1.33 percent for the June quarter of fiscal year 27, down from 1.97 percent the previous year. Similarly, Net NPA reduced to 0.18 percent from the previous 0.32 percent.
Furthermore, provisions amounted to 834 crore rupees in the quarter under review, which remained almost unchanged compared to 844 crore rupees the previous year, although this is less than the 1,006 crore rupees recorded in the March quarter. At the time of afternoon trading, IOB shares were trading 4.11 percent higher on the BSE, reaching the mark of 35.2 rupees.
Tech Mahindra demonstrated growth in its first quarter of the fiscal year 2026-27. The company's consolidated net profit increased by 31.7% compared to the same period last year, reaching ₹1,486.3 crore. This growth occurred amid an increase in revenue and operating profit.
Operating revenue grew by 17.7% compared to the previous year, amounting to ₹15,711.9 crore, up from ₹13,351.2 crore a year earlier. On a sequential basis, net profit grew by 9.6% compared to the March quarter, and revenue increased by 4.2% to ₹15,076.1 crore.
Profit attributable to equity shareholders was ₹1,465.1 crore, which is 28.4% higher than the previous year. Profit attributable to non-controlling interests was ₹21.2 crore.
Earnings Before Interest and Taxes (EBIT) increased by 53.3% year-on-year, reaching ₹2,264 crore. Meanwhile, the EBIT margin expanded by approximately 330 basis points to 14.4%. Sequentially, EBIT grew by 8.6%, and the margin improved by approximately 60 basis points.
Total expenses rose by 13.4% to ₹13,559.3 crore from ₹11,951.9 crore. Employee benefits expenses increased by 5% to ₹7,876.6 crore, while subcontracting expenses grew by 36.6% to ₹1,790.9 crore. Other expenses increased by 26.7% to ₹3,301.9 crore.
Financial costs rose by 43.1% to ₹111.3 crore, and depreciation and amortization expenses grew by 4.5% to ₹478.6 crore. Earnings before tax increased by 26.2% to ₹2,041.9 crore. Basic earnings per share reached ₹16.53, and diluted EPS was ₹16.50.
The Information Technology segment revenue increased by 17.6% year-on-year, reaching ₹13,245 crore, and its segment result grew by 39.9% to ₹2,903 crore. Business Process Services revenue increased by 18.2% to ₹2,466.9 crore, and its segment result grew by 30.4% to ₹437.6 crore.
The company noted that revenue in dollar terms grew by 6.1% year-on-year and 2.2% sequentially, totaling $1.66 billion. In constant currency terms, revenue increased by 6.6% year-on-year and 2.6% sequentially.
The strongest geographical growth was recorded in Europe, where revenue grew by 12.1% year-on-year. Revenue from America increased by 4.8%, and business from the rest of the world showed growth of 2.5%.
Among industry verticals, the manufacturing sector (17.2%), banking, financial services and insurance (8.1%), and communications (1.3%) demonstrated revenue growth.
The volume of new deals grew by 33.3% year-on-year, reaching $1.08 billion. This marks the third consecutive quarter where the volume of won deals exceeded the one billion dollar mark. The number of clients generating annual revenue of at least $50 million increased from 26 to 33. Clients with annual revenue of at least $10 million grew from 108 to 115.
The total number of employees was 146,760, a decrease of 863 people sequentially. The IT specialist staff decreased by 688 people to 74,689. The employee attrition rate over the last 12 months improved to 11.8% from 12.6% the previous year.
Free cash flow increased by 94% year-on-year, reaching $167 million, equivalent to 108% of after-tax profit. The days sales outstanding metric improved to 84 days from 95 days.
On May 27, the company acquired an 85% stake in the Canadian company Alluri Technologies, also known as Avant, for ₹187.5 crore. The company plans to acquire the remaining 15% in three years, subject to meeting certain milestones.
