Piramal Enterprises Ltd reports consolidated loss of Rs. 571.21 crore in Q4FY21

PIRAMAL ENTERPRISES LTD. has reported financial results for the period ended March 31, 2021.

Financial Results (Q4 FY20-21) - QoQ Comparison

The company has reported total income of Rs.3565.98 crores during the period ended March 31, 2021 as compared to Rs.3264.82 crores during the period ended December 31, 2020.

The company has posted net profit / (loss) of Rs.(571.21) crores for the period ended March 31, 2021 as against net profit / (loss) of Rs.779.69 crores for the period ended December 31, 2020.

The company has reported EPS of Rs.(24.09) for the period ended March 31, 2021 as compared to Rs.32.59 for the period ended December 31, 2020.

Financials	Q4 FY20-21	Q3 FY20-21	% Change
Total Income	₹ 3565.98 crs	₹ 3264.82 crs	9.22%
Net Profit	₹ (571.21) crs	₹ 779.69 crs	-173.26%
EPS	₹ (24.09)	₹ 32.59	-173.92%

Financial Results (Q4 FY20-21) - YoY Comparison

The company has reported total income of Rs.3565.98 crores during the period ended March 31, 2021 as compared to Rs.3580.55 crores during the period ended March 31, 2020.

The company has posted net profit / (loss) of Rs.(571.21) crores for the period ended March 31, 2021 as against net profit / (loss) of Rs.(1701.93) crores for the period ended March 31, 2020.

The company has reported EPS of Rs.(24.09) for the period ended March 31, 2021 as compared to Rs.(73.86) for the period ended March 31, 2020.

Financials	Q4 FY20-21	Q4 FY19-20	% Change
Total Income	₹ 3565.98 crs	₹ 3580.55 crs	-0.41%
Net Profit	₹ (571.21) crs	₹ (1701.93) crs	-66.44%
EPS	₹ (24.09)	₹ (73.86)	-67.38%

Financial Results (Year ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.13172.99 crores during the 12 months period ended March 31, 2021 as compared to Rs.13559.40 crores during the 12 months period ended March 31, 2020.

The company has posted net profit / (loss) of Rs.1332.34 crores for the 12 months period ended March 31, 2021 as against net profit / (loss) of Rs.24.03 crores for the 12 months period ended March 31, 2020.

The company has reported EPS of Rs.55.68 for the 12 months period ended March 31, 2021 as compared to Rs.1.14 for the 12 months period ended March 31, 2020.

Financials	Year Ended FY20-21	Year Ended FY19-20	% Change
Total Income	₹ 13172.99 crs	₹ 13559.40 crs	-2.85%
Net Profit	₹ 1332.34 crs	₹ 24.03 crs	5444.49%
EPS	₹ 55.68	₹1.14	4784.21%

Ajay Piramal, Chairman, Piramal Enterprises Ltd. said, "PEL has delivered steady performance with revenues of INR 12,809 Crores and net profit of INR 1,413 Crores for FY21, reflecting strong resilience during a phase of prolonged macro-economic challenges.

Over the last two years, we have significantly strengthened our balance sheet and continue to transform our Financial Services business model from largely wholesale-led to a more diversified one across wholesale and retail financing. This transformation will also be augmented by our impending inorganic initiative with DHFL, that is currently undergoing regulatory process.

Pursuant to the capital raise during the year in our Pharma business, we have accelerated investments in both organic and inorganic growth initiatives.

In the last one year, we have also made further progress towards creating two separate listed entities. I am confident that these businesses will emerge as two strong companies, each with a long runway for growth."

Shares of PIRAMAL ENTERPRISES LTD. was last trading in BSE at Rs.1697.85 as compared to the previous close of Rs. 1691.7. The total number of shares traded during the day was 21694 in over 1258 trades.

The stock hit an intraday high of Rs. 1715.65 and intraday low of 1672.85. The net turnover during the day was Rs. 36758480.

Source : Equity Bulls

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