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“Slippage is coming only from the RAM sector and we have taken a lot of initiatives in the last two years for improving the collection efficiency as well as the underwriting standards. In the current quarter, slippage from agri was around Rs 2,310 crore, MSMEs Rs 1,606 crore and retail Rs 826 crore. Other was Rs 525 crore.”

MRPL said it recorded the highest ever Q1 net throughput of 4.29 million tonnes with a capacity utilisation of 114.34 per cent.The previous best of 3.98 million tonnes (capacity utilisation of 106.13 per cent) was achieved in Q1 of the 2017-18 fiscal.

"Unprecedented inflationary headwinds continued to impact the FMCG sector leading to softening of consumer sentiment across urban and rural markets, resulting in lower margins during the quarter," said Emami in its earning statement.

The company had posted a consolidated net profit of Rs 3.04 crore in the corresponding period last fiscal, Mahindra Logistics Ltd said in a regulatory filing.Its consolidated revenue from operations during the quarter under review grew 35.85 per cent to Rs 1,199.9 crore from Rs 883.2 crore in the year-ago period.

The company said its domestic light commercial vehicle (LCV) volumes stood at 14,384 units, up 66 per cent from the same period a year ago.Export volume of both medium and heavy commercial vehicles (MHCV) and LCV in first quarter stood at 2,527 units, 76 per cent higher from April-June 2021-22.

"Gold prices rallied on safe haven buying after US economy technically slipped into recession with GDP contracting for the second month," said Tapan Patel, Senior Analyst (Commodities) at HDFC Securities.

“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