Piramal Enterprises posts Q4 loss of Rs 196 cr on MTM hit of Rs 375 cr
Jairam Sridharan is the Managing Director, Piramal Capital & Housing Finance (PCHFL) told media that the loss on Shriram Investments has partly gone away after March 31, 2023
 "Piramal Enterprises posts Q4 loss of Rs 196 cr on MTM hit of Rs 375 cr")
Piramal Enterprises (PEL) suffered a loss of Rs 196 crore, on consolidated basis, in the fourth quarter ended March 2023 due to mark-to-market (MTM) hit of Rs 375 crore on investment in equity of Shriram group entity.
PEL, a diversified finance company, had posted a net profit of Rs 151 crore in the fourth quarter of last financial year (Q4FY22). For FY23, its net profit posted almost five-fold growth at Rs 9,969 crore as against Rs 1,999 crore for FY22.
PEL, a diversified finance company, had posted a net profit of Rs 151 crore in the fourth quarter of last financial year (Q4FY22). For FY23, its net profit posted almost five-fold growth at Rs 9,969 crore as against Rs 1,999 crore for FY22.
Jairam Sridharan is the Managing Director, Piramal Capital & Housing Finance (PCHFL) told media that the loss on Shriram Investments has partly gone away after March 31, 2023. The board has recommended a dividend of Rs 31 per share, subject to shareholders’ approval. The total dividend pay-out would be Rs 740 crore, according to filing. ABHIJIT LELE