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Revenue for the April-June quarter fell 20% year-on-year to Rs 33,814 crore. The average oil price realized from nomination fields was 29.5% down from a year earlier to $ 76.49 per barrel during the quarter. In rupee terms, the realization was 25% lower at Rs 6,288 per barrel. Oil price realization from joint venture fields fell 31% to Rs 5,808 per barrel

The earnings before interest, tax, depreciation and ammortisation (EBITDA) rose 40.7% YoY to Rs 199 crore. The EBITDA margins expanded 250 basis points YoY to 25.1%

Company pursuing settlement with Mazagon Dock Limited (MDL)

US business grew by 57% YoY at Rs 2454 crores. India branded formulations grew by almost 12%, excluding impact of NLEM related price cut affecting some key products

Under the process, the intermediary will have to make an online application to Sebi for prior approval through its intermediary portal.

The company had reported Rs 804.5 crore as net profit in the comparable period of the previous fiscal. Total income during the period under review stood at Rs 24,822.83 crore, up from Rs 24,199.51 crore in the first quarter of fiscal 2022-23.

Total expenses for the quarter rose to Rs 7,691 crore from Rs 7,038 crore a year ago. The sharp fall in net profit was due to muted sales growth and sharp deterioration in the operational performance.

Sebi asked KRAs to develop mechanisms, in coordination with each other, and follow uniform internal guidelines detailing aspects of the identification of attributes and procedures for verification in consultation with the markets regulator.

In May, Deloitte had flagged three transactions, including recoveries from a contractor identified in the Hindenburg report, as it issued a qualified opinion on the accounts of Adani Ports & Special Economic Zone

Rate-sensitive megacap technology and growth stocks weighed down. Dow Jones falls 65 points at the open