Piramal Enterprises Q1 results: Net profit declines 64% to Rs 181 cr

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Its managing director and chief executive Jairam Sridharan said the year-ago performance included a Rs 850 crore benefit from a stake sale in a Shriram Group entity, and added that the performance has been stable in the reporting quarter this year.

Piramal Enterprises on Tuesday reported a 64 per cent decline in its June quarter net profit to Rs 181 crore, impacted because of a higher base due to a one-off item last year.

The city-headquartered non-bank lender had reported a consolidated net profit of Rs 509 crore in the year-ago period.

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Category: BusinessFinance

Markets: India

Topics: Piramal Enterprises loss Piramal Enterprises results Piramal Enterprises Piramal Enterprises report

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Article Type: News Report

Published On: 2024-08-13 @ 19:37:51 (4 hours ago)

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News Source URL: business-standard.com

Language: English

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