{"id":131819,"date":"2022-07-29T10:26:22","date_gmt":"2022-07-29T14:26:22","guid":{"rendered":"https:\/\/44.250.171.167\/?p=131819"},"modified":"2023-04-25T08:44:55","modified_gmt":"2023-04-25T12:44:55","slug":"piramal-enterprises-limited-q1fy23-8-fall-in-profits","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/piramal-enterprises-limited-q1fy23-8-fall-in-profits\/","title":{"rendered":"Piramal Enterprises Limited Q1FY23; 8% fall in Profits"},"content":{"rendered":"\n

Revenue for Q1 FY23 has increased by 22% YoY to \u20b9 3,548 crores. Profits have fallen by 8% YoY to \u20b9 496.09 crores because Total Expenses has grown by 30% YoY to \u20b9 3,252.09 crores.<\/p>\n\n\n\n

\"\"<\/a><\/figure><\/div>\n\n\n\n

In this quarter\u2019s results<\/a>, it was visible that the drastic increase in Employee Benifit Expense, Finance Cost, Impairment on Financial Instruments and other such avenues of expenses is the reason behind the fall in profits despite the growth in revenue.<\/p>\n\n\n\n

To further compare this quarter\u2019s results to the past, check out this link<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Revenue for Q1 FY23 has increased by 22% YoY to \u20b9 3,548 crores. Profits have fallen by 8% YoY to \u20b9 496.09 crores because Total Expenses has grown by 30% YoY to \u20b9 3,252.09 crores. In this quarter\u2019s results, it was visible that the drastic increase in Employee Benifit Expense, Finance Cost, Impairment on Financial Instruments […]<\/p>\n","protected":false},"author":1885,"featured_media":125269,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[105,392,1,5747,6350],"tags":[10097,10162,10089],"class_list":["post-131819","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-infographics","category-earnings","category-finance-stocks","category-healthcare-stocks","category-trending-stocks","tag-financial-service","tag-pharmaceutical","tag-quarterly-earnings"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/10\/Earnings-Coverage.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":131741,"url":"https:\/\/alphastreet.com\/india\/bajaj-finance-limited-for-q1fy23-reports-a-159-growth-in-profits\/","url_meta":{"origin":131819,"position":0},"title":"Bajaj Finance Limited for Q1FY23 reports a 159% growth in Profits","author":"Karan_Singh","date":"July 27, 2022","format":false,"excerpt":"Revenue for Q1 FY23 has increased by 38% YoY to \u20b9 9280.92 crores. Profit After Tax has grown by 159% YoY to \u20b9 2,596.25 crores. Interest Income Segment Revenue rose by 33% YoY for Q1 FY 2023. Core AUM rose by 31% YoY to \u20b9204,018 crores in Q1FY23. New Loans\u2026","rel":"","context":"In "AlphaGraphs"","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"trending stocks high volatility","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":170578,"url":"https:\/\/alphastreet.com\/india\/new-india-assurance-q1-fy26-earnings-results\/","url_meta":{"origin":131819,"position":1},"title":"New India Assurance Q1 FY26 Earnings Results","author":"Chirag Gupta","date":"August 25, 2025","format":false,"excerpt":"New India Assurance Company Ltd is India's largest non-life insurance company. It is promoted by the Government of India (GoI) holding ~86% stake. Presenting below are its Q1 FY26 earnings results. \u00a0 Q1 FY26 Earnings Results Consolidated Revenue from Operations: \u20b911,719 crores, up 12.49% YoY from \u20b910,418 crores in Q1\u2026","rel":"","context":"In "AlphaGraphs"","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"New India Assurance Q1 FY26 Earnings Results","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/8-3.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/8-3.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/8-3.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/8-3.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/8-3.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/8-3.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":138888,"url":"https:\/\/alphastreet.com\/india\/rbl-bank-ltd-q3fy23-34-growth-in-profits\/","url_meta":{"origin":131819,"position":2},"title":"RBL Bank Ltd. Q3FY23; 34% Growth in Profits","author":"Karan_Singh","date":"January 20, 2023","format":false,"excerpt":"RBL Bank is a financial institution that offers a broad variety of banking and financial services, such as retail and wholesale banking, treasury operations, and other associated activities. FInancial Results: The private sector lender, stated that its net profit for Q3FY23 increased by 34% YoY to \u20b9 209 crore and\u2026","rel":"","context":"In "Earnings"","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/09\/iStock-1301136169.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/09\/iStock-1301136169.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/09\/iStock-1301136169.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/09\/iStock-1301136169.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":135003,"url":"https:\/\/alphastreet.com\/india\/axis-bank-ltd-q2fy23-remarkable-70-growth-in-profits\/","url_meta":{"origin":131819,"position":3},"title":"Axis Bank Ltd. Q2FY23; Remarkable 70% Growth in Profits","author":"Karan_Singh","date":"October 20, 2022","format":false,"excerpt":"Axis Bank Ltd\u2018s Net Interest Income for Q2 FY23 has increased by 31% YoY to \u20b9 10,360 crores. Net Profit rose by 70% YoY to \u20b9 5,330 crores. Operating Profit grew by 30% YoY for Q2 FY 2023. Return on Assets grew to 1.9%. In this quarter\u2019s\u00a0results, it is evident\u2026","rel":"","context":"In "AlphaGraphs"","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/Q2FY23-AXISBANK.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/Q2FY23-AXISBANK.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/Q2FY23-AXISBANK.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/Q2FY23-AXISBANK.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/Q2FY23-AXISBANK.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":140226,"url":"https:\/\/alphastreet.com\/india\/mahindra-33-fall-in-profits\/","url_meta":{"origin":131819,"position":4},"title":"Mahindra & Mahindra Financial Services Q3FY23; 33% Fall in Profits","author":"Karan_Singh","date":"February 6, 2023","format":false,"excerpt":"Mahindra & Mahindra Fin. Services Ltd.\u2019s revenue in Q3FY23 rose 12% to \u20b9 3,324 crores. Consolidated Profit After Tax came at \u20b9 664 crores showcasing a 33% fall on an YoY basis. In this quarter\u2019s\u00a0results, the reports suggested that the fall in profits are due to the drastic increase in\u2026","rel":"","context":"In "AlphaGraphs"","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/Q3FY23-MMFIN.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/Q3FY23-MMFIN.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/Q3FY23-MMFIN.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/Q3FY23-MMFIN.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/Q3FY23-MMFIN.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":139631,"url":"https:\/\/alphastreet.com\/india\/shriram-finance-ltd-q3fy23-161-growth-in-profits\/","url_meta":{"origin":131819,"position":5},"title":"Shriram Finance Ltd. Q3FY23; 161% Growth in Profits","author":"Karan_Singh","date":"January 31, 2023","format":false,"excerpt":"Shriram Finance Ltd.\u2019s revenue in Q3FY23 rose 28% to \u20b9 8,896 crores. Consolidated Profit After Tax came at \u20b9 269 crores showcasing a 196% rise YoY over the corresponding period. In this quarter\u2019s\u00a0results, the reports suggested that the firm has continued to deliver consistent performance in all key operational and\u2026","rel":"","context":"In "AlphaGraphs"","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/Q3FY23-SHRIRAMFIN.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/Q3FY23-SHRIRAMFIN.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/Q3FY23-SHRIRAMFIN.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/Q3FY23-SHRIRAMFIN.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/Q3FY23-SHRIRAMFIN.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/131819","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/1885"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=131819"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/131819\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/125269"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=131819"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=131819"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=131819"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}