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Piramal Enterprises Ltd Q3FY24; 12% fall 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 Q3FY24 of ₹2,476.00 Crores down from ₹2,811.00 Crore year on year, a fall of 11.92%.

Total Expenses for Q3FY24 of ₹2,414.00 Crores down from ₹2,807.00 Crores year on year, a fall of 14.0%.

Consolidated Net Profit of -₹2,378.00 Crores from ₹3,545.00 Crores in the same quarter of the previous year.

The Earnings per Share is -₹105.83, from ₹148.53 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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