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The drug firm had reported a net loss of Rs 11 crore in the April-June period of last fiscal.Total income for the period under review stood at Rs 317 crore as compared with Rs 314 crore in the year-ago period, Unichem Laboratories said in a regulatory filing.

Net revenue during the period under review rose to Rs 1,393 crore as compared with Rs 1,322 crore in the April-June quarter of the last fiscal."Q1 FY23 performance reflects normalisation of revenues and operating EBITDA post Omicron wave in the previous quarter," Max Healthcare Institute Chairman and MD Abhay Soi said in a statement.

“There was a total of 1,000 bps increase in raw material pricing, out of which, we could mitigate around 8-8.5%. Of that, 4% could be from direct distribution by reducing the channel margin. We had increased the price by 3-3.5% and almost 8% is coming on two accounts – direct distribution and passing on the price to the consumer. ”

The benchmark indices declined 35.78 points to end at 58,817.29. Its broader peer, Nifty50, also failed to close above the 17,550 mark.

“The price of spot gas is a global phenomenon. The prices are going up because of geopolitical issues and are likely to pose a challenge to us for the next 1-2 quarters. We will sail through these two-three quarters. Our margins will not be as high as they were this quarter but we still hope to be profitable at the end of this financial year.”

The firm had posted a profit of Rs 2,787 crore in the corresponding quarter last year.

As of 30-Jun-2022, promoters held 0.0 per cent stake in the company, while FIIs held 8.68 per cent and domestic institutional investors had 2.1 per cent.

A total of 8,762 shares changed hands on the counter till 01:50PM (IST).

A higher-than-expected U.S. Consumer Price Index report for July could spook markets, which are already expecting a high chance of a 75 basis point interest rate hike by the Federal Reserve next month.Rate-sensitive tech stocks shed 0.5%, to lead sectoral declines as euro zone money markets now fully price in a half-point interest rate hike by the European Central Bank in September.

The logistics services provider reported a net loss of Rs 399 crore for the quarter ended June 30, a more than three-fold increase from the same period last year. The net loss was Rs 129 crore in the first quarter last year.Revenue from contracts with customers rose by 33 per cent on a yearly basis to Rs 1,746 crore during the quarter. Revenue from services in Q1 FY23 increased by 30 per cent to Rs 1,746 crore from Rs 1,344 crore recorded in Q1 FY22.