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Pilani Investment & Industries Corporation Ltd Q2FY24; 39% fall in Profits

Pilani Investment and Industries Corporation Limited is registered as a non-deposit-taking NBFC with the Reserve Bank of India. It functions as a core investment company with main activity being investment in shares and securities of the Birla group companies and providing finance to them.

Financial Results:

Pilani Investment & Industries Corporation Ltd reported Revenues for Q2FY24 of ₹107.00 Crores down from ₹112.00 Crore year on year, a fall of 4.46%.

Total Expenses for Q2FY24 of ₹19.00 Crores down from ₹20.00 Crores year on year, a fall of 5.0%.

Consolidated Net Profit of ₹54.00 Crores down 39.33% from ₹89.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹48.95, down 39.33% from ₹80.68 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

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