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Piramal Enterprises Ltd Q1FY25; 64% fall in Profits

Piramal Enterprises Limited (PEL) is one of India’s leading diversified non-banking financial companies (NBFC) with assets worth ~$10 billion, with a network of over 400 branches across 26 states/Union Territories, offering a wide range of financial products and solutions across retail and wholesale lending, fund-based platforms and investments.

Financial Results:

Piramal Enterprises Ltd reported Revenues for Q1FY25 of ₹2,123.00 Crores down from ₹2,878.00 Crore year on year, a fall of 26.23%.

Total Expenses for Q1FY25 of ₹2,009.00 Crores down from ₹2,237.00 Crores year on year, a fall of 10.19%.

Consolidated Net Profit of ₹181.00 Crores down 64.44% from ₹509.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹8.05, down 62.22% from ₹21.31 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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