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Stock Report
Piramal Enterprises Ltd posts Rs. 495.56 crore consolidated PAT in Q1FY21
Posted On : 2020-07-30 14:27:11( TIMEZONE : IST )
PIRAMAL ENTERPRISES LTD. has reported financial results for the period ended June 30, 2020.
Financial Results (Q1 FY 2020-21) - QoQ Comparison
The company has reported total income of Rs.3002.80 crores during the period ended June 30, 2020 as compared to Rs.3580.55 crores during the period ended March 31, 2020.
The company has posted net profit / (loss) of Rs.495.56 crores for the period ended June 30, 2020 as against net profit / (loss) of Rs.(1701.93) crores for the period ended March 31, 2020.
The company has reported EPS of Rs.20.71 for the period ended June 30, 2020 as compared to Rs.(73.86) for the period ended March 31, 2020.
| Financials | Q1 FY2020-21 | Q4 FY19-20 | % Change |
| Total Income | ₹ 3002.80 crs | ₹ 3580.55 crs |  -16.14% |
| Net Profit | ₹ 495.56 crs | ₹ (1701.93) crs | -129.12% |
| EPS | ₹ 20.71 | ₹ (73.86) | -128.04% |
Financial Results (Q1 FY 2020-21) - YoY Comparison
The company has reported total income of Rs.3002.80 crores during the period ended June 30, 2020 as compared to Rs.3251.11 crores during the period ended June 30, 2019.
The company has posted net profit / (loss) of Rs.495.56 crores for the period ended June 30, 2020 as against net profit / (loss) of Rs.449.03 crores for the period ended June 30, 2019.
The company has reported EPS of Rs.20.71 for the period ended June 30, 2020 as compared to Rs.21.97 for the period ended June 30, 2019.
| Financials | Q1 FY2020-21 | Q1 FY2019-20 | % Change |
| Total Income | ₹ 3002.80 crs | ₹ 3251.11 crs | -7.64% |
| Net Profit | ₹ 495.56 crs | ₹ 449.03 crs |  10.36% |
| EPS | ₹ 20.71 | ₹ 21.97 | -5.74% |
Mr. Ajay Piramal, Chairman, Piramal Enterprises Ltd. said, "We have delivered a resilient performance in Q1 with 11% YoY net profit growth to INR 496 Cr. During the quarter, we substantially enhanced our liquidity position and strengthened our balance sheet. Despite the slowdown caused by the global pandemic, we signed an agreement with global investment firm - Carlyle, to raise strategic growth investment of USD 490m in Piramal Pharma. These re-affirm the inherent robustness of our businesses. In Financial Services, we have made significant progress on our key strategic priorities as we continue to build our multi-product, tech-enabled retail lending platform, as well as to increase granularity in the wholesale portfolio.
With clearly defined growth roadmaps in place for both our businesses, we are now at an inflection point to deliver sustainable long-term performance. I would like to acknowledge and thank our employees for their exceptional contributions in this difficult global environment."
Shares of PIRAMAL ENTERPRISES LTD. was last trading in BSE at Rs.1423.3 as compared to the previous close of Rs. 1470.25. The total number of shares traded during the day was 109545 in over 4979 trades.
The stock hit an intraday high of Rs. 1474.3 and intraday low of 1411.25. The net turnover during the day was Rs. 157801686.
