Piramal Enterprises Ltd. reported a net profit of Rs 38.6 crore for the quarter ended Dec. 31, 2024, of the current fiscal 2025, as compared to a loss of Rs 2,378 crore for the same period last year.
It posted an exceptional gain of Rs 376 crore, without which the company would have posted a loss of Rs 337.4 crore.
The company's revenue fell by 1.1% to Rs 2,449 crore for the third quarter as against Rs 2,476 crore for the year-ago period.
The non-banking financial company's earnings before interest, tax, depreciation and amortisation dipped to Rs 1,075 crore, denoting a 10.8% fall for the October-December quarter from 1,205 crore for the same quarter in the previous financial year.
Margins narrowed at 43.9% for the quarter under review, in contrast to 48.7% for the same period last year.
Piramal Enterprises Q3FY25 (Consolidated, YoY)
Revenue down 1.1% to Rs 2,449 crore versus Rs 2,476 crore.
Ebitda down 10.8% to Rs 1,075 crore versus Rs 1,205 crore.
Ebitda margin at 43.9% versus 48.7%.
Net profit to Rs 38.6 crore versus a loss of Rs 2,378 crore.
Shares of Piramal Enterprises closed 7.67% lower at Rs 914.50 apiece on the NSE, compared to a 1.14% fall in the benchmark Nifty 50. The share price has risen 3.44% in the last 12 months.
Out of seven analysts tracking the company, one maintains a 'buy' rating on the stock, two recommend 'hold,' and four suggest a 'sell' rating, according to Bloomberg data. The average of 12-month analysts' price target implies a potential upside of 4.6%.
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