Piramal Enterprises Q3 Results: Net Profit at Rs 38.6 Crore, Revenue Slips 1.1%
Piramal Enterprises Ltd. has announced its financial results for the third quarter of FY25, reporting a net profit of Rs 38.6 crore for the quarter ended December 31, 2024. This marks a significant turnaround from a loss of Rs 2,378 crore in the same period last year. However, the company's revenue declined by 1.1% to Rs 2,449 crore, compared to Rs 2,476 crore in the year-ago period.
Key Highlights of Piramal Enterprises' Q3 Performance
- Net Profit: Rs 38.6 crore, compared to a loss of Rs 2,378 crore in Q3FY24.
- Revenue: Rs 2,449 crore, down 1.1% YoY.
- EBITDA: Rs 1,075 crore, a decline of 10.8% from Rs 1,205 crore in Q3FY24.
- EBITDA Margin: 43.9%, down from 48.7% in the year-ago period.
- Exceptional Gain: Rs 376 crore, without which the company would have posted a loss of Rs 337.4 crore.
Operational Performance
Piramal Enterprises, a leading non-banking financial company (NBFC), faced challenges in maintaining its operational efficiency during the quarter. The decline in revenue and EBITDA reflects the impact of market conditions and operational headwinds. The company's margins also narrowed, indicating pressure on profitability.
Market Reaction
Following the announcement of the Q3 results, shares of Piramal Enterprises closed 7.67% lower at Rs 914.50 on the NSE. This underperformance was sharper than the 1.14% decline in the benchmark Nifty 50 index. Over the past 12 months, the stock has gained 3.44%.
Conclusion
Piramal Enterprises' Q3 results highlight a mixed performance, with a return to profitability but a decline in revenue and operational metrics. The company's ability to navigate market challenges and improve margins will be critical for sustaining growth in the coming quarters. Investors are advised to monitor the company's strategies and market conditions closely.
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