Piramal Enterprises has reported results for fourth quarter and year ended March 31, 2022.
The company has reported 4-fold jump in its net profit at Rs 316.23 crore for the quarter under review as compared to Rs 78.71 crore for the same quarter in the previous year. Total income of the company increased by 69.52% at Rs 875.81 crore for Q4FY22 as compared Rs 516.63 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported net profit after tax and share of net profit of associates and joint ventures of Rs 150.53 crore for the quarter under review as compared to net loss of Rs 510.39 crore for the same quarter in the previous year. Total income of the company increased by 23.42% at Rs 4,401.03 crore for Q4FY22 as compared Rs 3,565.98 crore for the corresponding quarter previous year.
For the year ended March 31, 2022, the company has reported over 14-fold jump in its net profit at Rs 572.28 crore as compared to Rs 39.90 crore for the previous year. Total income of the company increased by 40.24% at Rs 2,693.18 crore for year under review as compared to Rs 1,920.46 crore for year ended March 31, 2021.
For the year ended March 31, 2022, on the consolidated basis, the company has reported a rise of 41.47% in its net profit after tax and share of net profit of associates and joint ventures at Rs 1,998.77 crore as compared to Rs 1,412.86 crore for the previous year. Total income of the company increased by 11.69% at Rs 14,713.41 crore for year under review as compared to Rs 13,172.99 crore for year ended March 31, 2021.
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