Piramal Enterprises net profit goes up 7% at Rs 534 cr for Q1FY22

Noida: Piramal Enterprises consolidated net profit increased 7 percent at Rs 534 crore for the first quarter of the current fiscal as compared to a net profit of Rs 496 crore for the corresponding period of the previous fiscal. 

The company’s consolidated revenue from operations remained almost flat at Rs 2,909 crore for the first quarter of the current fiscal as against Rs 2,937 crore for the corresponding period last fiscal, Piramal Enterprises said in a regulatory filing.

"Despite the impact of the second wave of Covid-19, we have delivered resilient performance during the quarter with revenues at INR 2,909 crores, net profit YoY growth by 8 percent to INR 534 crores. We continue to maintain a strong balance sheet, with net debt-to-equity ratio at 0.8x," Piramal Enterprises Chairman Ajay Piramal said.

 

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