Piramal Enterprises posts Q4 net profit of Rs 78.71 cr
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The company reported standalone net profit during the quarter stood at Rs 78.71 crore compared to net loss of Rs 484.28 crore in the previous year quarter. Net revenue of the company declined substantially by 50.08 per cent at Rs 493.59 crore in January-March quarter of this fiscal as against Rs 988.71 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 79.16 per cent to Rs 199.09 crore from Rs 955.32 crore in year ago period. Other Income dipped by 92.03 per cent at Rs 23.04 crore versus (Mar'20 Rs 289.06 crore).
Operating Profit surged by 782.00 per cent to Rs 294.50 crore as against Rs 33.39 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 1665.09 per cent in March quarter. Interest declined by 53.49 per cent y-o-y to Rs 180.88 crore, while Taxation decreased by 86.19 per cent at Rs 50.51 crore (Mar'20 Rs 365.84 crore).
