Piramal Enterprises turns black in Q1

30 Jul 2019

Piramal Enterprises has reported results for first quarter ended June 30, 2019.

The company has reported a net loss of Rs 38.84 crore for the quarter under review as compared to net loss of Rs 1090.57 crore for the same quarter in the previous year. Total income of the company decreased by 10.35% at Rs 941.68 crore for Q1FY20 as compared Rs 1050.34 crore for the corresponding quarter previous year.

On the consolidated basis, the bank has reported a net profit of Rs 450.03 crore for the quarter under review as compared to net loss of Rs 69.81 crore for the same quarter in the previous year. However, total income of the bank increased by 20.27% at Rs 3573.15 crore for Q1FY20 as compared Rs 2970.95 crore for the corresponding quarter previous year. 

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