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Piramal Enterprises net grows by 11 per cent


Piramal Enterprises Limited on July 30 announced its consolidated results for the first quarter FY2021 ended June 30, 2020.
The net profit of the company grew by 11 per cent YoY to Rs 496 core from Rs 448 crore. The revenue declined by 8 pc to Rs 2,937 crore from Rs 3,187 crore.
The shareholders’ equity increased by 15 per cent to Rs 31,018 crore as against Rs 26,856 crore last year. The company was also able to achieve net debt reduction of Rs 13,902 crore since last one year.