Latest news with #PiramalFinance
Business Standard
07-05-2025
- Business
- Business Standard
Piramal Finance reports standalone net profit of Rs 81.60 crore in the March 2025 quarter
Sales rise 16.70% to Rs 1987.21 crore Net profit of Piramal Finance reported to Rs 81.60 crore in the quarter ended March 2025 as against net loss of Rs 741.93 crore during the previous quarter ended March 2024. Sales rose 16.70% to Rs 1987.21 crore in the quarter ended March 2025 as against Rs 1702.87 crore during the previous quarter ended March 2024. For the full year,net profit reported to Rs 52.45 crore in the year ended March 2025 as against net loss of Rs 1911.35 crore during the previous year ended March 2024. Sales rose 13.31% to Rs 7287.03 crore in the year ended March 2025 as against Rs 6431.04 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 1987.211702.87 17 7287.036431.04 13 OPM % 60.23-61.77 - 60.7928.81 - PBDT 131.22-2003.11 LP 245.40-1736.01 LP PBT 81.60-2048.94 LP 52.45-1891.12 LP NP 81.60-741.93 LP 52.45-1911.35 LP
Business Standard
07-05-2025
- Business
- Business Standard
Piramal Finance reports consolidated net profit of Rs 76.55 crore in the March 2025 quarter
Sales rise 17.01% to Rs 2005.00 crore Net profit of Piramal Finance reported to Rs 76.55 crore in the quarter ended March 2025 as against net loss of Rs 752.36 crore during the previous quarter ended March 2024. Sales rose 17.01% to Rs 2005.00 crore in the quarter ended March 2025 as against Rs 1713.47 crore during the previous quarter ended March 2024. For the full year,net loss reported to Rs 6.65 crore in the year ended March 2025 as against net loss of Rs 1975.28 crore during the previous year ended March 2024. Sales rose 13.59% to Rs 7350.03 crore in the year ended March 2025 as against Rs 6470.72 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 2005.001713.47 17 7350.036470.72 14 OPM % 60.28-62.03 - 60.2628.06 - PBDT 116.49-2017.94 LP 173.34-1805.53 LP PBT 67.60-2063.08 LP -16.92-1957.95 99 NP 76.55-752.36 LP -6.65-1975.28 100
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Business Standard
06-05-2025
- Business
- Business Standard
Piramal Enterprises Q4FY25 results: Profit drops 25% to ₹102 crore
Piramal Enterprises on Tuesday reported a 25 per cent fall in consolidated profit in the March quarter to Rs 102 crore. The city-headquartered entity primarily engaged in financial services had reported a net profit of Rs 137 crore in the year-ago period. Its consolidated profit for the entire FY25 was Rs 485 crore as against a loss of Rs 1,684 crore in the year-ago period. The revenue from operations increased to Rs 2,854 crore during the reporting quarter from Rs 2,473 crore in the year-ago period, while the other income rose to Rs 179 crore from Rs 55 crore. The total expenses reduced to Rs 3,007 crore from Rs 4,719 crore for the quarter under review. The overall assets under management grew 17 per cent during the fiscal year, and the company plans to accelerate the growth to 25 per cent in FY26, as per disclosures made to exchanges. With the company focusing on retails assets, the overall share of the small ticket loans has increased to 80 per cent now, and it is targeting to expand it further to up to 85 per cent. It is also targeting to increase the consolidated profit after tax by three times to up to Rs 1,500 crore for FY26. On the assets quality front, the gross non-performing assets ratio increased to 2.8 per cent when compared with the year-ago period's 2.4 per cent. The credit costs increased to 1.8 per cent from the 1.2 per cent in the year-ago period. Its Chairman Ajay Piramal said the company has concluded a three-year transition phase and has now repositioned its business mix for the future. He said after the Reserve Bank's approval for the merger of Piramal Enterprises into its subsidiary Piramal Finance, both companies approached the National Company Law Tribunal seeking approval, and the amalgamation will take five more months to complete. "As we look ahead, we are confident in our ability to sustain this momentum and continue building a scaled financial services platform that delivers consistent and high-quality performance," he said. The company's scrip closed 4.25 per cent down at Rs 964.75 apiece on the BSE, as against a 0.19 per cent correction on the benchmark.
