Piramal Industries Limited Q2FY23; Posted A Loss of -₹1536 Crore

Piramal Industries Limited (NSE: PEL) reported its Q2FY23 results. Net profit declined down to -₹1536.39 Crore from ₹426.48 Crores year on year. The business reported consolidated Revenue of 1,893.71 Crore, an increase of 20% from the previous year. The Interest Income segment which was increased by 20%, was the primary driver of revenue growth. The earnings per share for this quarter is -₹64.37.