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“Inflation erodes the purchasing power of our kind of customers, 70% of our customers earn below Rs 40,000 per month and that section is therefore weak and gets hit by inflation. So that is a little bit of a red flat on the horizon. In our judgement, the industry is still in decline of about minus 3 to minus 5%”

However, the profit figure managed to beat Rs 601 crore figure anticipated by analysts in an ET NOW poll. An ET NOW poll had anticipated the profit figure at Rs 601 crore​​​.

Led by the metal pack, the 30-share pack Sensex jumped over 712 points or 1.25 per cent to close at 57,570.25. Its broader peer, Nifty50, also rose 229 points or 1.35 per cent to end at a 3-month high and close above the 17,100 mark.

The insurer said the issuance of shares is subject to the approval of the shareholders besides, regulatory/statutory approvals."The issue price at which the equity shares are to be issued to HDFC Ltd is the higher of the price determined under the valuation report of the registered valuer and the price calculated in accordance with SEBI

The Nifty Realty index closed 0.93 per cent up at 450.95.

TVS reported an EBITDA of Rs 599 crore for Q1 FY23 as compared to Rs 274 crore in the corresponding quarter of the previous fiscal year. EBITDA margin stood at 10 per cent this quarter against 7 per cent in the first quarter of 2021-22.

Industry heads in the crypto space themselves are hoping for some kind of government intervention that will allow them to function more freely. It’s not difficult to predict that we will begin to see some kind of regulations coming to crypto sooner rather than later.

Gross individual non-performing loans (NPLs) stood at 0.98 per cent of the individual portfolio, while the gross non-performing non-individual loans stood at 4.44 per cent of the non-individual portfolio. In value terms, gross NPLs stood at Rs 10,288 crore, which was equivalent to 1.78 per cent of the portfolio.

Total revenue from operations grew by 39 per cent year-on-year (YoY) to Rs 739.24 crore for the quarter ended June 2022 as against Rs 551.68 crore in June 2021. Company’s total expenses increased to Rs 684.3 crore against Rs 568.53 crore in Q1 FY22.

Zomato does not have an identifiable promoter and is a professionally managed company. In such cases, entire pre-IPO equity is locked in for 12 months from the date of allotment of shares, during the IPO.