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Piramal Enterprises Ltd Q1FY24; 94% fall in Profits

Piramal Enterprises Ltd is one of India’s largest diversified companies. Its businesses are divided into two verticals i.e. financial services and pharmaceutical business.

Financial Results:

Piramal Enterprises Ltd reported Revenues for Q1FY24 of ₹2,899.00 Crores up from ₹2,160.00 Crore year on year, a rise of 34.21%.

Total Expenses for Q1FY24 of ₹2,258.00 Crores up from ₹1,648.00 Crores year on year, a rise of 37.01%.

Consolidated Net Profit of ₹509.00 Crores down 93.76% from ₹8,155.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹21.31, down 93.76% from ₹341.66 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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