Gold futures jump Rs 1,098 to Rs 1,00,700/10g
On the Multi Commodity Exchange, gold contracts for October delivery traded higher by Rs 1,098 or 1.08 per cent at Rs 1,00,700 per 10 grams in a business turnover of 15,443 lots.
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Economic Times
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- Economic Times
Muthoot Microfin shares in focus as Q1 PAT plummets over 94% YoY
Muthoot Microfin shares are likely to be in focus on Tuesday, August 12, after the company posted a sharp 94.5% year-on-year (YoY) fall in its profit after tax (PAT) to Rs 6.2 crore in Q1FY26, compared to Rs 113.2 crore in the same quarter last year. ADVERTISEMENT The company's Net Interest Income (NII) stood at Rs 342.3 crore in Q1FY26, down 16.8% YoY from Rs 411.5 crore in Q1FY25, with Net Interest Margins (NIMs) at 11.5%. Pre-Provision Operating Profit (PPOP) came in at Rs 138.5 crore, marking a 44.3% YoY decline from Rs 248.6 crore. Total income for the quarter was Rs 559.1 crore, while the cost of funds (CoF) fell to 10.79% from 11.02% in Q4FY25, aided by greater PTC utilisation and diversified funding sources. Provisioning cost stood at 4.3%, with the provision coverage ratio (Stage III) robust at 68.5%. Gross NPA (GNPA) rose to 4.85% from 2.10% a year ago, while Net NPA (NNPA) increased to 1.58% from 0.71% in the same period last company maintained strong liquidity, with Rs 536.5 crore in cash and equivalents, along with DA/PTC sanctions of Rs 1,002 crore and unutilized term funding sanctions of Rs 561 Microfin also reported a healthy capital adequacy ratio (CRAR) of 27.85%. On the operational front, 23% of collections were conducted via digital channels such as UPI and the customer app, while 100% of disbursements were executed digitally. ADVERTISEMENT 'Q1 is traditionally a seasonally soft quarter for the microfinance industry in terms of disbursement growth. The quarter saw a heightened impact driven by ongoing sectoral challenges and the implementation of stricter MFIN guardrails, prompting the industry to shift its focus from aggressive expansion to internal consolidation. Aligned with our long-term strategy of sustainable value creation, Muthoot Microfin adopted a calibrated approach—moderating disbursements and prioritising portfolio quality, while channelling efforts towards strengthening operational infrastructure,' said Sadaf Sayeed, CEO, of Muthoot Microfin. Unlock 500+ Stock Recos on App Muthoot Microfin shares closed flat at Rs 152.95 on the BSE on Monday. ADVERTISEMENT (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
India Today
6 minutes ago
- India Today
JSW Cement IPO allotment today: Check status online, listing date and GMP
Allotment of shares for the JSW Cement IPO will be finalised on Tuesday, August 12, 2025. JSW Cement IPO opened for subscription on August 7 and closed on August 11, saw decent demand across investor categories after a slow start on Day the close of bidding, the IPO was subscribed 8.22 times in total. The retail portion was subscribed 1.91 times, the qualified institutional buyers (QIB) category saw 16.71 times, and the non-institutional investors (NII) segment was subscribed 11.60 times. Investors who applied for JSW IPO can check their allotment status online through the Bombay Stock Exchange (BSE) website or the portal of KFin Technologies Limited, which is the official registrar for the TO CHECK ALLOTMENT STATUS ON BSE:Visit the BSE IPO allotment status 'Equity' under the Issue 'JSW Cement IPO' from the Issue Name your application your PAN the captcha on 'Search' to see your allotment TO CHECK ALLOTMENT STATUS ON KFIN TECHNOLOGIES:Visit the IPO status section on the KFin Technologies 'JSW Cement IPO' from the dropdown one of the options to check your status — Application Number, Demat Account Number, or the application type (ASBA or Non-ASBA).Enter the required the captcha on 'Submit' to view your allotment GMP AND LISTING DETAILSAs of August 11, the grey market premium (GMP) for JSW Cement stood at Rs 4. Based on the IPO's price band of Rs 147 per share, the estimated listing price is Rs 151, indicating a potential gain of 2.72% per Garg of Lemonn Markets Desk said, 'JSW Cement's Rs 3,600-crore IPO wrapped up its third and final day of bidding with full subscription, reflecting strong investor interest despite a softening in grey market premiums to around 3–4% ahead of listing. We advise subscribing only with a long-term view, citing rich valuations and near-term earnings pressure, but highlighting the company's strong growth potential in India's infrastructure expansion.'The JSW Cement IPO is scheduled to list on both the BSE and NSE, with a tentative listing date of August 14, The views, opinions, recommendations, and suggestions expressed by experts/brokerages in this article are their own and do not reflect the views of the India Today Group. It is advisable to consult a qualified broker or financial advisor before making any actual investment or trading choices.)- Ends
New Indian Express
6 minutes ago
- New Indian Express
Kerala's rambutan riches turn sour as prices decline
KOCHI: For Noby Thomas of Kalaketty in Kottayam, this should have been a season of sweet returns. His 80 rambutan trees, now nine years old, have yielded seven-eight tonnes of fruit. But instead of counting profits, he's watching traders walk away. 'They say they can't harvest because prices in Tamil Nadu have fallen to Rs 160 a kg. At Rs 140 here, they stand to lose money,' he says. The numbers explain their reluctance. Labour charges for harvesting, the nets needed to protect the fruit, and transport costs push their outlay to Rs 170-180/kg. That means they must sell at around Rs 200/kg just to break-even. Noby says the crisis is widespread. He points to Suresh, a veteran farmer from Pinnakkanadu with 10 acres under rambutan cultivation, who has already harvested 7,000 kg this season but is staring at a Rs 2 lakh loss. Last year, Suresh sold at Rs 135/kg. This year, buyers from Sengottai in Tamil Nadu's Tenkasi district are pulling out, unable to match last year's rates. 'Much of the fruit normally goes to Chennai and Bengaluru, but this time,' Noby points out, 'the chain is breaking at our gates.' Kerala's rambutan story is a curious mix of boom and bust. A once-exotic fruit, it has become one of the most lucrative crops in the state. Renny Jacob, chairman of Homegrown Biotech and a leading voice in rambutan cultivation, calls it 'Kerala's most profitable fruit': Even at Rs 120/kg, an acre can fetch Rs 4-5 lakh in gross income, compared to Rs 20,000-30,000 from rubber. "One acre with 30-50 trees can yield 3,000-4,000 kg. This is a once-a-year harvest that even a 'lazy farmer' can profit from — if the trees are cared for,' he says. The problem is that production has surged faster than what the market can absorb. According to Renny, around five lakh trees now yield around 20,000-30,000 tonnes of fruit annually in the state.
