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Piramal Enterprises falls despite turning black in Q4
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Piramal Enterprises is currently trading at Rs. 833.45, down by 61.50 points or 6.87% from its previous closing of Rs. 894.95 on the BSE.
The scrip opened at Rs. 873.90 and has touched a high and low of Rs. 873.90 and Rs. 830.10 respectively. So far 127078 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1140.00 on 11-Sep-2023 and a 52 week low of Rs. 721.65 on 15-May-2023.
Last one week high and low of the scrip stood at Rs. 970.90 and Rs. 830.10 respectively. The current market cap of the company is Rs. 19089.67 crore.
The promoters holding in the company stood at 46.19%, while Institutions and Non-Institutions held 30.16% and 23.64% respectively.
Piramal Enterprises has reported results for fourth quarter (Q4) and year ended March 31, 2024.
The company has reported net profit of Rs 953.54 crore for the quarter under review as compared to net loss of Rs 56.88 crore for the same quarter in the previous year. Total income of the company increased by 658.37% at Rs 1,433.69 crore for Q4FY24 as compared Rs 189.05 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported net profit of Rs 137.09 crore for fourth quarter ended March 31, 2024 as compared to net loss of Rs 195.87 crore for the same quarter in the previous year. Total income of the company increased by 17.97% at Rs 2,528.16 crore for Q4FY24 as compared Rs 2,143.02 crore for the corresponding quarter previous year.
For the year ended March 31, 2024, the company has reported 96.69% fall in net profit at Rs 474.05 crore as compared to Rs 14,333.31 crore for the previous year. Total income of the company decreased by 20.92% at Rs 3,825.21 crore for year under review as compared to Rs 4,837.13 crore for year ended March 31, 2023.
For the year ended March 31, 2024, on the consolidated basis, the company has reported net loss of Rs 1,683.53 crore as compared to net profit of Rs 9,968.58 crore for the previous year. Total income of the company increased by 12.01% at Rs 10,178.36 crore for year under review as compared to Rs 9,086.74 crore for year ended March 31, 2023.
