May 13, 2021
However, the company made profit of ₹1,412.86 crore for FY2020-21
Piramal Enterprises Ltd (PEL) reported a consolidated net loss of ₹510.39 crore for the fourth quarter of 2020-21 as against a net loss of ₹1,702.59 crore in the same period a year ago.
However, for the full fiscal 2020-21, PEL reported a consolidated net profit of ₹1,412.86 crore as against ₹21.14 crore a year ago.
Its revenue from operations for the quarter ended March 31, rose marginally by 1.8 per cent to ₹3,401.56 crore from ₹3,341 crore a year ago.
Total income fell to ₹3,565.98 crore in the fourth quarter last fiscal versus ₹3,580.55 crore a year ago.
Ajay Piramal, Chairman, PEL said, “PEL has delivered steady performance with revenues of ₹12,809 crore and net profit of ₹1,413 crore for 2020-21, reflecting strong resilience during a phase of prolonged macro-economic challenges.”
Piramal Enterprises’ two business units financial services and pharma have posted a consolidated net loss of Rs 510.39 crore in fourth quarter ended March 2021 (Q4FY21) as against consolidated net loss of Rs 1,702.59 crore in the quarter ended March 2020. For FY21, its consolidated net profit were at Rs 1,412.86 crore as against consolidated profit of Rs 21.34 crore for FY20. The board has recommended a dividend of Rs 33 per share for FY21, subject to shareholders’ approval. The total dividend payout on this account would be Rs 788 crore. Its stock closed flat (0.17 per cent) at Rs 1,694.6 per share on the BSE. Dear Reader,