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Piramal Enterprises reports 94% fall in Q1 consolidated net profit

31 Jul 2023 Evaluate

Piramal Enterprises has reported results for first quarter ended June 30, 2023 (Q1FY24). 

The company has reported 95% fall in its net profit at Rs 577.04 crore for the quarter under review as compared to Rs 11548.53 crore for the same quarter in the previous year. However, total income of the company reported over 2- fold jump at Rs 1202.34 crore for Q1FY24 as compared Rs 539.60 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported 93.76% fall in net profit at Rs 508.78 crore for the first quarter ended June 30, 2023 as compared to Rs 8155.47 crore for the same quarter in the previous year. However, total income of the company increased by 33.67% at Rs 2919.79 crore for Q1FY24 as compared Rs 2184.40 crore for the corresponding quarter previous year.

Piramal Ent - Amalga Share Price

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