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Pilani Investment & Industries Corporation Ltd Q1FY24; 44% 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 Q1FY24 of ₹55.00 Crores down from ₹60.00 Crore year on year, a fall of 8.33%.

Total Expenses for Q1FY24 of ₹18.00 Crores down from ₹19.00 Crores year on year, a fall of 5.26%.

Consolidated Net Profit of ₹25.00 Crores down 44.44% from ₹45.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹22.85, down 44.36% from ₹41.07 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.

Tags: NBFC
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