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Earnings before interest, taxes, depreciation, and amortization (EBITDA), will likely rise 12-13 per cent, they said.

“What happened in Indonesia was not expected by anybody. But I think it is a question of a week or two, before Indonesia releases the oil because after all it is a surplus producing country and 65% of their crude palm oil they produce are to be exported so I am sure the prices will come down. I think the peak is over.”

The company in a regulatory filing said the Board of Directors of the Company will meet on Tuesday, “10th May 2022 to inter-alia consider…issue of bonus shares subject to approval by the shareholders of the company.”

Reduction in asset quality stress resulted in Rs 951 crore write-back of provisions. The entire ECL provision made in the first quarter of FY22 was reversed, the company said.

The order came after Sebi had conducted an investigation in the trade of securities and futures of Ruchi Soya during the last half hour of trading between 15:00 hours and 15:30 hours on September 27, 2012.

​​ The systems and network audit report will be placed before the governing board of the MII concerned.

The Dow Jones Industrial Average rose 1.28 points at the open to 32,978.49.

The company said its income from the sale of goods during the quarter stood at Rs 3,508.35 crore, up 15.47 per cent from Rs 3,038.13 crore in the corresponding quarter year ago.

“The outperformers in the market so far in this calendar year have been producers; so it can be a commodity producer. It has also been around utilities and this has been the trade so far in the market. Going ahead, when this inflation abates remains the key question, especially since it is triggered and hovering around geopolitical issues and this could be repeated.”

“This year, we have done our best ever retail disbursements of close to Rs 25,000 crore. This quarter is our best ever quarter of retail disbursements and the best ever quarter of micro loan disbursements. So there are many ‘best-ever’ that has happened and that is where the growth is going to come from.”