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Piramal Enterprises Ltd Q2FY24; 16% rise in Revenue

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 Q2FY24 of ₹2,193.00 Crores up from ₹1,894.00 Crore year on year, a rise of 15.79%.

Total Expenses for Q2FY24 of ₹2,152.00 Crores down from ₹4,810.00 Crores year on year, a fall of 55.26%.

Consolidated Net Profit of ₹48.00 Crores from -₹1,536.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹2.02, from -₹64.36 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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