Piramal Enterprises Ltd's Q3FY25 Quarter Results
- 28 Jan 2025
Result Summary
- Piramal Enterprises Ltd reported a 5.4% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a decline of 1.7%.
- Its expenses for the quarter were up by 28.6% QoQ and 26.4% YoY.
- The net profit decreased 76.3% QoQ and decreased 101.6% YoY.
- The earnings per share (EPS) of Piramal Enterprises Ltd stood at 1.7 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 2502.22 | 2375.00 | 2546.20 | 5.4% | -1.7% |
Total Expenses | 2866.53 | 2229.48 | 2267.40 | 28.6% | 26.4% |
Profit Before Tax | 86.17 | 155.95 | -3407.91 | -44.7% | -102.5% |
Tax | 52.13 | 27.23 | -957.51 | 91.4% | -105.4% |
Profit After Tax | 38.56 | 162.97 | -2377.59 | -76.3% | -101.6% |
Earnings Per Share | 1.70 | 7.20 | -105.80 | -76.4% | -101.6% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Piramal Enterprises Ltd is a diversified global business conglomerate with a presence in various sectors, including pharmaceuticals, financial services, and real estate. The company is known for its wide range of products and services, primarily focusing on healthcare solutions and financial services in the Indian market. Piramal Enterprises has been expanding its footprint globally, reflecting a strategy to enhance its market position through strategic acquisitions and partnerships. However, specific recent developments or strategic shifts in the company’s operations are not detailed in the available data.
Revenue
In Q3FY25, Piramal Enterprises Ltd reported a total income of ₹2502.22 crores, marking a quarter-over-quarter (QoQ) increase of 5.4% from the previous quarter's total income of ₹2375.00 crores. However, on a year-over-year (YoY) basis, the total income showed a slight decline of 1.7% compared to ₹2546.20 crores in Q3FY24. This indicates that while the company experienced growth in revenue over the last quarter, it faced challenges in surpassing the revenue levels achieved in the same quarter of the previous year.
Profitability
For Q3FY25, Piramal Enterprises Ltd recorded a profit before tax of ₹86.17 crores, reflecting a significant decline of 44.7% from the previous quarter's profit before tax of ₹155.95 crores. On a YoY basis, there was an improvement compared to the loss of ₹3407.91 crores in Q3FY24. The tax expense for Q3FY25 was ₹52.13 crores, showing a steep increase of 91.4% QoQ and a turnaround YoY from a negative tax figure of ₹-957.51 crores in Q3FY24. Consequently, the profit after tax for Q3FY25 stood at ₹38.56 crores, a substantial decrease of 76.3% QoQ from ₹162.97 crores, but a notable recovery from a YoY loss of ₹2377.59 crores in the same quarter of the previous year. Earnings per share for the current quarter were ₹1.70, compared to ₹7.20 in Q2FY25 and a negative ₹-105.80 in Q3FY24.
Operating Metrics
The company’s total expenses for Q3FY25 amounted to ₹2866.53 crores, which denotes a considerable increase of 28.6% QoQ from ₹2229.48 crores in Q2FY25 and a 26.4% rise YoY from ₹2267.40 crores in Q3FY24. This increase in expenses has contributed significantly to the pressure on profitability metrics, despite a modest growth in total income. The expenses' upward trend could reflect increased operational costs or strategic investments in business activities. However, the exact breakdown of these expenses is not provided in the data, which limits further analysis of the underlying reasons behind these rising costs.
