News
Piramal Enterprises’ HI net grows 12 pc
Piramal Enterprises Limited on October 28 announced its consolidated results for the second quarter and half year ended September 30.
While the revenue of the company for Q2FY21 increased by 1 per cent y-o-y to Rs 3,302 crore, the net profit went up by 14 per cent to RS 628 crore. The net profit for H1FY21 grew by 12 pc y-o-y to Rs 1,124 crore.
Ajay Piramal, Chairman, Piramal Enterprises Ltd, said, “We have delivered a resilient
In financial services, he said, “we saw early signs of recovery across the key sectors that we lend to. Progressing on the stated strategy of diversifying the loan book, we will be launching our multi-product retail lending platform in November 2020.”
The pharma business of Piramal recorded a healthy improvement in both revenue growth and profitability, he said.
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