Piramal Enterprises Ltd Share Price – NSE /  BSE

Finance, Small Cap

Net profit of Piramal Enterprises rose 238.18% to Rs 162.97 crore in the quarter ended September 2024 as against Rs 48.19 crore during the previous quarter ended September 2023. Sales rose 11.98% to Rs 2249.98 crore in the quarter ended September 2024 as against Rs 2009.19 crore during the previous quarter ended September 2023.

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Net profit of Piramal Enterprises rose 3756.33% to Rs 115.69 crore in the quarter ended September 2024 as against Rs 3.00 crore during the previous quarter ended September 2023. Sales declined 4.77% to Rs 462.71 crore in the quarter ended September 2024 as against Rs 485.88 crore during the previous quarter ended September 2023.

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Piramal Enterprises will hold a meeting of the Board of Directors of the Company on 23 October 2024.

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The base issue size is of Rs 50 crore along with a green shoe option to retain over subscription of up to Rs 100 crore, aggregating to Rs 150 crore.

These secured, rated, listed, redeemable, NCDs have a coupon rate of 9.5% per annum paid annually and on redemption date, which is 7 July 2034.

The debentures are proposed to be listed on the wholesale debt market (WDM) segment of the Bombay Stock Exchange (BSE)/ National Stock Exchange (NSE). NSE is the designated stock exchange.

Piramal Enterprises (PEL) is a leading diversified NBFC in India with a presence across retail lending, wholesale lending, and fund-based platforms. The company has investments and assets worth around $10 billion, with a network of branches across 26 states/UTs.

The NBFC reported 64.33% fall in consolidated net profit to Rs 181.48 crore in Q1 FY24 as against Rs 508.78 crore posted in Q1 FY24. Total income fell 25.99% to Rs 2,145.38 crore in Q1 FY25 as compared to Rs 2,898.79 crore posted in corresponding quarter last year.

The scrip ended 0.33% higher at Rs 1,004.40 on the BSE.

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