Business Standard

Piramal Enterprise

Piramal Pharma Q2FY25 results: Net profit jumps over 4-fold to Rs 23 crore

Piramal Pharma on Thursday reported over four-fold increase in consolidated net profit at Rs 23 crore for the second quarter ended September. The Mumbai-based company had reported a net profit of Rs 5 crore in the July-September quarter of last fiscal. Revenue from operations rose to Rs 2,242 crore in the second quarter as compared with Rs 1,911 crore in the year-ago period, Piramal Pharma said in a statement. "We continue our momentum of delivering healthy revenue growth accompanied by YoY EBITDA margin expansion. This has been primarily driven by consistent growth in our CDMO business which has witnessed a good pick-up in innovation-related work and on-patent commercial revenues," Piramal Pharma Chairperson Nandini Piramal said. To sustain this growth momentum and to capitalise on rising demand for sterile fill-finish capabilities, the company has announced a USD 80 million expansion plan at the Lexington facility which is expected to be completed by the FY27 end, she added. "In

Piramal Pharma Q2FY25 results: Net profit jumps over 4-fold to Rs 23 crore
Updated On : 24 Oct 2024 | 11:58 AM IST

Piramal Enterprises shares gain over 3% on stake increase by promoter group

The company said that the acquisition of shares aligns with the promoters' belief in its growth trajectory, further reflecting their trust in the company's business fundamentals

Piramal Enterprises shares gain over 3% on stake increase by promoter group
Updated On : 19 Aug 2024 | 5:17 PM IST

Piramal Enterprises to merge with unlisted housing finance arm for listing

The main reasons behind this merger with Piramal Capital & Housing Finance are to simplify the group structure and provide shareholders with direct access to the entire lending business

Piramal Enterprises to merge with unlisted housing finance arm for listing
Updated On : 09 May 2024 | 11:22 AM IST

Stocks to watch on May 9: HG Infra, Piramal Ent, BSE, NBCC, SKF India

Stocks to watch on May 9, 2024: HG Infra reported its Q4 earnings with a net profit increase of 11.2 per cent at Rs 190 crore compared to Rs 170.9 crore in the previous year

Stocks to watch on May 9: HG Infra, Piramal Ent, BSE, NBCC, SKF India
Updated On : 09 May 2024 | 8:08 AM IST

Piramal Enterprises Q4 results: PAT at Rs 137 cr on AIF provisions reversal

The company had posted a loss of Rs 2,378 crore in the December quarter when it had set aside Rs 3,540 crore for such provisions

Piramal Enterprises Q4 results: PAT at Rs 137 cr on AIF provisions reversal
Updated On : 08 May 2024 | 10:38 PM IST

Anand Rathi recommends buy on Dr.Reddys, Cipla and Piramal Enterprises

Stock picks by Anand Rathi: DR Reddy shows a strong uptrend with higher highs and higher lows on a weekly scale

Anand Rathi recommends buy on Dr.Reddys, Cipla and Piramal Enterprises
Updated On : 06 May 2024 | 8:06 AM IST

Azad Engineering receives Sebi's approval to raise Rs 740 crore IPO

Azad Engineering Ltd has received capital markets regulator Sebi's go-ahead to raise Rs 740-crore through an initial public offering (IPO). The Hyderabad-based firm, which filed its preliminary IPO papers in September, obtained the regulator's observation letter on December 5, an update with the Securities and Exchange Board of India (Sebi) showed on Thursday. In Sebi's parlance, obtaining its observation letter means its go-ahead to float an IPO. According to the draft papers, the company's IPO comprises a fresh issue of up to Rs 240 crore and an offer for sale (OFS) of equity shares aggregating up to Rs 500 crore by a promoter and investors. The OFS consists of sale of equity shares aggregating up to Rs 170 crore by promoter Rakesh Chopdar, Rs 280 crore by Piramal Structured Credit Opportunities Fund, and Rs 50 crore by DMI Finance. Proceeds from the fresh issue will be used for funding capital expenditure of the company, payment of debt, and general corporate purposes. Azad ..

Azad Engineering receives Sebi's approval to raise Rs 740 crore IPO
Updated On : 14 Dec 2023 | 2:14 PM IST

Piramal Enterprise reports net profit of Rs 48 crore in July-Sept quarter

The Net Interest Income (NII) moderated to Rs 750 crore in the quarter under review from Rs 829 crore in the year ago period

Piramal Enterprise reports net profit of Rs 48 crore in July-Sept quarter
Updated On : 09 Nov 2023 | 11:56 PM IST

Piramal Pharma clocks 11% revenue growth in quarter ending September

Company's Ebitda grows 44% year-on-year, Chairperson Nandini Piramal anticipates a stronger financial performance in H2

Piramal Pharma clocks 11% revenue growth in quarter ending September
Updated On : 28 Oct 2023 | 3:32 PM IST

Piramal Enterprises looks at sustained growth, profitability: Chairman

Piramal Enterprises is looking at sustained growth and profitability with the last few years spent in making balance sheets and businesses more resilient to tide over unforeseen uncertainties, according to Chairman Ajay G Piramal. In his address to shareholders in Annual Report for 2022-23, the business leader said the efforts over the last years have shown positive results with the group ending the last fiscal with a net profit of Rs 9,969 crore and total assets of Rs 83,386 crore. "We are now focused on sustained growth and profitability and to achieve our balance between three pillars - Growth, Risk and Profitability," Piramal stated. Focused business entities ensure not only focus in terms of business strategies but also help strengthen and ensure efficient use of our capital and human resources, he added. "We are certain that the consequent long-term value creation for all stakeholders will be achieved by strategically selecting our specialised bets in retail and wholesale bac

Piramal Enterprises looks at sustained growth, profitability: Chairman
Updated On : 08 Jun 2023 | 7:35 PM IST

Resistance for Nifty seen at 17,725; Stocks to buy in September F&O series

Coal India, City Union Bank, Cummins, IDFC First Bank and Piramal Enterprises are the five F&O stocks tha can deliver up to 21 per cent returns in the September series.

Resistance for Nifty seen at 17,725; Stocks to buy in September F&O series
Updated On : 06 Sep 2022 | 6:14 PM IST

Piramal Group charts growth path for financial services business

'We are on track to achieve retail loan disbursements of Rs 2,500 cr-3,500 cr in Q3FY23,' which is 5-7 times of pre-merger levels, says Piramal Group chairman Ajay Piramal

Piramal Group charts growth path for financial services business
Updated On : 01 Aug 2022 | 3:46 PM IST

Piramal Enterprises Q1 net profit slips 9% to Rs 486 cr; revenue up 22%

Piramal Enterprises Ltd on Friday reported an 8.95 per cent decline in consolidated net profit to Rs 485.98 crore for the first quarter ended June 30, impacted by higher expenses. The company had posted a consolidated net profit of Rs 533.79 crore in the same period last fiscal, Piramal Enterprises Ltd (PEL) said in a regulatory filing. Its revenue from operations in the first quarter stood at Rs 3,548.37 crore compared to Rs 2,908.68 crore in the year-ago period, it added. Total expenses in the quarter were higher at Rs 3,252.09 crore against Rs 2,492.97 crore a year ago. PEL said its pharmaceuticals vertical clocked revenue of Rs 1,485.43 crore, up from Rs 1,362.02 crore in the year-ago quarter. The financial services segment registered a revenue of Rs 2,062.94 crore against Rs 1,546.66 crore in the first quarter of the last fiscal, the company added. "In financial services, we achieved significant growth in retail disbursements through our branches as well as by leveraging dig

Piramal Enterprises Q1 net profit slips 9% to Rs 486 cr; revenue up 22%
Updated On : 29 Jul 2022 | 10:19 PM IST

Reliance Capital CoC to further extend resolution plan submission date

As of now, only three bidders are actively engaged with the lenders for Reliance Capital RCAP resolution including Piramal, Yes Bank and IndusInd.

Reliance Capital CoC to further extend resolution plan submission date
Updated On : 09 Jun 2022 | 1:22 AM IST

Two technical stock picks by Vaishali Parekh of Prabhudas Lilladher

Kaveri Seeds chart indicates a trend reversal, while Piramal Enterprise is in a rising channel pattern

Two technical stock picks by Vaishali Parekh of Prabhudas Lilladher
Updated On : 06 Sep 2021 | 8:49 AM IST

Nifty outlook & stock picks by Sameet Chavan: Buy Piramal Entp, Jamna Auto

Looking at the broad-based participation on Friday, especially the way banking space is poised, we will not be surprised to see the index heading towards record its high in the first half of this week

Nifty outlook & stock picks by Sameet Chavan: Buy Piramal Entp, Jamna Auto
Updated On : 24 May 2021 | 8:57 AM IST

Top headlines: 380,000 vaccinated so far, round-2 of Sebamed-HUL ad war

Big-ticket foreign investors looking to invest in India could soon find their proposals getting quick treatment from the government. Read Business Standard's top news pieces for the day

Top headlines: 380,000 vaccinated so far, round-2 of Sebamed-HUL ad war
Updated On : 19 Jan 2021 | 7:58 AM IST

Lenders trash low loan recovery, ask Oaktree, Piramal to up offers for DHFL

Few banks may look at acquiring bankrupt housing finance company's retail book.

Lenders trash low loan recovery, ask Oaktree, Piramal to up offers for DHFL
Updated On : 27 Oct 2020 | 2:01 AM IST

Stock recommendations by Anand Rathi: Sell Piramal Enterprises, L&T Finance

The momentum oscillator MACD has provided fresh sell crossover on the weekly scale for Piramal's stock

Stock recommendations by Anand Rathi: Sell Piramal Enterprises, L&T Finance
Updated On : 25 Sep 2020 | 8:08 AM IST

Piramal Enterprises stock continues to be weighed down by wholesale loans

Average cost of funds remained at 11 per cent even in December quarter, indicating tight liquidity

Piramal Enterprises stock continues to be weighed down by wholesale loans
Updated On : 17 Feb 2020 | 11:08 PM IST