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Piramal Enterprises reports consolidated net loss of Rs 1536.39 crore in Q2

10 Nov 2022 Evaluate

Piramal Enterprises has reported results for second quarter ended September 30, 2022.

The company has reported net loss at Rs 50.51 crore for the quarter under review as compared to net profit of Rs 150.26 crore for the same quarter in the previous year. Total income of the company decreased by 23.23% at Rs 475.86 crore for Q2FY23 as compared Rs 619.84 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported net loss at Rs 1536.39 crore for the quarter under review as compared to net profit of Rs 426.48 crore for the same quarter in the previous year. However, total income of the company increased by 22.20% at Rs 1956.23 crore for Q2FY23 as compared Rs 1600.78 crore for the corresponding quarter previous year.

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