Piramal Enterprises Q3 net profit rises nearly 300% to ₹3,545 cr, revenue up 41%
1 min read . Updated: 08 Feb 2023, 05:44 PM IST
Premium- The consolidated revenue from operations rose by 41.4 per cent to ₹3,231.64 crore as against ₹2,285.22 crore
Piramal Enterprises on Wednesday reported multifold rise in consolidated net profit to ₹3,545.37 crore for the quarter ended December 2022. This is against a net profit of ₹887.96 crore in the year-ago period.
The consolidated revenue from operations rose by 41.4 per cent to ₹3,231.64 crore as against ₹2,285.22 crore in the corresponding quarter last fiscal.
Piramal Enterprises had reported a loss of ₹1,536.39 crore in September quarter.
The earnings before interest, taxes, depreciation, and amortisation (EBITDA) down 50.2 per cent at ₹993.6 crore as against ₹1,994.6 crore in the year ago period.
The company's total asset under management (AUM) stood at ₹64,867 crore. Piramal Enterprises' retail AUM grew 29 per cent year-on-year to ₹27,896 crore.
The disbursements grew 29 per cent quarter-on-quarter and 593 per cent year-on-year to ₹5,111 crore.
The company's scrip was down by 0.13 per cent to ₹840.55 on BSE.
