Piramal Enterprises reports 9% fall in Q1 consolidated net profit

Piramal Enterprises has reported results for first quarter ended June 30, 2022.

The company has reported a fall of 47.15% in its net profit at Rs 28.08 crore for the quarter under review as compared to Rs 53.13 crore for the same quarter in the previous year. However, total income of the company increased by 1.32% at Rs 556.04 crore for Q1FY23 as compared Rs 548.76 crore for the corresponding quarter previous year.

piramal enterprises rises on completing repurchase of ncds
piramal enterprises rises on completing repurchase of ncds

On the consolidated basis, the company has reported a fall of 8.96% in its net profit at Rs 485.98 crore for the quarter under review as compared to Rs 533.79 crore for the same quarter in the previous year. However, total income of the company increased by 23.74% at Rs 3726.46 crore for Q1FY23 as compared Rs 3011.60 crore for the corresponding quarter previous year.

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