Piramal Enterprises stock is trading nearly 4% up after its Q3 FY25 financial results, posting a net profit of ₹38.6 crore, recovering from a loss of ₹2,378 crore in the same period last year. This turnaround was aided by an exceptional gain of ₹376 crore, without which the company would have faced a loss of ₹337.4 crore.
As of 9:23 am the shares are trading 4.35% higher at ₹954.30 on NSE.
The company’s revenue decreased by 1.1% to ₹2,449 crore compared to ₹2,476 crore in the year-ago quarter. EBITDA for the quarter fell 10.8% to ₹1,075 crore from ₹1,205 crore YoY, with margins narrowing to 43.9% from 48.7%. Shares of Piramal Enterprises reacted positively, rising 4% during the session on the back of the financial performance.
Key Highlights:
- Revenue: ₹2,449 crore, down 1.1% YoY.
- EBITDA: ₹1,075 crore, down 10.8% YoY.
- EBITDA Margin: 43.9%, compared to 48.7% last year.
- Net Profit: ₹38.6 crore, against a loss of ₹2,378 crore YoY.
Piramal Enterprises Ltd. shares closed at ₹946, marking a 3.44% rise in today’s trading session. The stock ranged between ₹940.30 and ₹984.85 during the day and is trading within a year range of ₹736.60 to ₹1,275.00. The company currently has a market capitalization of ₹21,818 crore. Its average trading volume stands at 552.17K shares.
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