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Piramal Enterprises Q3FY23 Net Profit Rises Nearly 300% To Rs 3,545 Cr
The consolidated revenue from operations rose by 41.4 per cent to Rs 3,231.64 crore as against Rs 2,285.22 crore in the corresponding quarter last fiscal
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Piramal Enterprises on Wednesday reported a multifold jump in its consolidated net profit at Rs 3,545.37 crore for the quarter ended December 2022 compared to Rs 887.96 crore in the year-ago period.
The consolidated revenue from operations rose by 41.4 per cent to Rs 3,231.64 crore as against Rs 2,285.22 crore in the corresponding quarter last fiscal.
Piramal Enterprises had reported a loss of Rs 1,536.39 crore in Q2FY23.
The EBITDA for the quarter under review was down 50.2 per cent at Rs 993.6 crore as against Rs 1,994.6 crore in the year ago period.
The company's total asset under management (AUM) stood at Rs 64,867 crore. Piramal Enterprises' retail AUM grew 29 per cent year-on-year to Rs 27,896 crore.
The disbursements grew 29 per cent quarter-on-quarter and 593 per cent year-on-year to Rs 5,111 crore.
Its scrip closed 0.50 per cent higher on Wednesday at Rs 842 apiece on NSE.