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“Our numbers are muted this quarter, but we expect a strong bounce back Q2 onwards. Our US sales took a significant dip as we took several strategic decisions to pave the way for building a sustainable and profitable business," said Nilesh Gupta, managing director of Lupin.

We have registered TPV growth of 72% year-on-year across our fintech offerings in Q1 FY22-23. As per our internal data, the enormous rise in digital payment transactions was across all sectors.”The gross revenue was up by 93%, at Rs 418 crore, compared to Rs 216 crore last year. EBITDA stood at Rs 43 crore, a growth of 51% year-on-year.

“The Rupee’s losses Thursday were exclusive to the local market as the dollar was marginally lower to 106.16,” said a trader from a large bank.“The pressure came from the offshore derivatives market weighing on the rupee,” said the person.

This is despite the company reporting a 63.35 per cent YoY rise in sales at Rs 4,449.49 crore compared with Rs 2,723.82 crore in the same quarter last year.

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Banks and cements saw inflows after nine months of rigorous selling. FPI allocation in banks & financials (~32 per cent) stood at the highest level since Nov 2021 while allocation in FMCG was at the highest levels (~13.7 per cent) since Jun-2020."Interestingly, realty has seen inflows for the first time after seven months of consecutive selling," the brokerage said.

"ATGL has calibrated its retail price revisions to balance the interest of its consumers and its shareholders from the impact of sudden spurt in the gas purchase price," the statement said.With stagnant domestic gas output, city gas operators get a pooled supply of local and imported fuel.

The rupee depreciated 36 paise to 79.51 against the US dollar in opening trade on Thursday, as disappointing macroeconomic data and US-China tensions weighed on investor sentiment.In the international market, gold was trading higher at USD 1,774 per ounce while silver was flat at USD 20.12 per ounce.

BSE Sensex ended 51.73 points or 0.09 per cent higher at 58,298.80. Its NSE counterpart, Nifty50, ended 6 points or 0.04 per cent to close at Rs 17,382.Among the gainers, Sun Pharma, Nestle India and Infosys surged over 2 per cent each, followed by Dr Reddy, Wipro, M&M and Tata Steel.

“Our revenues are very strong. Our two problems are high fuel prices and the dollar being so strong. You know, 70% of our costs are in dollars so whether it is fuel, whether it is maintenance, whether it is aircraft leasing we pay for all that in dollars and that is really a problem for us.”