Housing Finance Companies: Piramal Enterprises net consolidated total income stood at Rs 2,205.21 crore in Q2 FY24, a growth of 12.73 per cent from Rs 1,956.23 crore it recorded in the similar quarter last year.
Consolidated revenue from operations during the quarter under review stood at Rs 4,162.94 crore, as against Rs 3,401.56 crore in the same quarter last fiscal, the company said in a regulatory filing.
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.”