Sunday, 8 December 2019

Piramal enterprises gains on q4 numbers

Updated: May 23, 2015 5:11 pm

Piramal Enterprises has jumped by 4.2% at Rs 992 on the BSE after reporting a consolidated net profit of Rs 95.40 crore for the quarter ended March 31, 2015, mainly on account of improved performance across business segments. The company had posted a net loss of Rs 311.35 crore for the corresponding period of last fiscal, Piramal Enterprises said in a filing to the BSE. The consolidated net profit for the fiscal year ended March 31, 2015, stood at Rs 2,849.95 crore against a net loss of Rs 501.41 crore in 2013-14. The Board has recommended a dividend of Rs 20 per share. Commenting on the results, Piramal Enterprises Ltd Chairman Ajay Piramal said: “The company had reached an inflection point in its profitability. Value-accretive growth across business segments has enabled us to deliver a robust and sustainable growth in profits for the year.”

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