Negative
27Serious
Neutral
Optimistic
Positive
- Total News Sources
- 1
- Left
- 1
- Center
- 0
- Right
- 0
- Unrated
- 0
- Last Updated
- 222 days ago
- Bias Distribution
- 100% Left
Piramal Enterprises Reports ₹39 Crore Q3 Profit Amid Strategy Shift
Piramal Enterprises reported a net profit of ₹39 crore for Q3 FY25, a significant turnaround from a net loss of ₹2,378 crore in the same quarter last year, largely aided by exceptional gains of ₹376 crore from alternative investment fund recoveries. The company's total assets under management (AUM) grew by 16% year-on-year to ₹78,362 crore, with robust increases in growth segment loans, which now comprise 87% of total AUM. However, revenue dipped slightly by 1.1% to ₹2,449 crore, and EBITDA fell by 10.8% to ₹1,075 crore, reflecting challenges in operational performance. The merger with its subsidiary, Piramal Capital & Housing Finance, which will be renamed Piramal Finance, is progressing, with a completion target set for September 2025. Despite these setbacks, the company maintains strong liquidity, with ₹8,277 crore in cash and liquid investments. Piramal also anticipates further recoveries, potentially enhancing its financial stability in the coming quarters.

- Total News Sources
- 1
- Left
- 1
- Center
- 0
- Right
- 0
- Unrated
- 0
- Last Updated
- 222 days ago
- Bias Distribution
- 100% Left
Negative
27Serious
Neutral
Optimistic
Positive
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