Piramal Enterprises has reported results for first quarter ended June 30, 2017.
The company has reported 83.83% fall in its net profit at Rs 41.65 crore for the quarter under review as compared to Rs 257.65 crore for the same quarter in the previous year. Total income of the company decreased by 32.08% at Rs 793.89 crore for the quarter under review as compared Rs 1168.92 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported 30.88% rise in its net profit after tax and share of profit/(loss) of associates and joint ventures at Rs 302.23 crore for the quarter ended June 30, 2017, as compared to Rs 230.93 crore for the same quarter in the previous year. The total consolidated income of the company increased by 27.81% at Rs 2337.91 crore for quarter under review, as compared to Rs 1829.23 crore for the quarter ended June 30, 2016.