Mumbai, India: Piramal Enterprises Limited (‘PEL’, NSE: PEL, BSE: 500302) today announced its consolidated results for the Second Quarter (Q2) and Half Year (H1) FY2022 ended 30th September 2021.
Ajay Piramal, Chairman, Piramal Enterprises Ltd. said, “The second quarter of FY22 was transformational for our company and has significantly strengthened the foundation to support future growth. We successfully completed the acquisition and merger of DHFL and the total AUM has grown 42% QoQ to INR 66,986 Cr. The acquisition has enabled us to diversify our loan book and scale up our retail lending portfolio through multi-product offerings that cater to the needs of the underserved customers of our country. Leveraging our data, analytics and technology capabilities, we aim to be a dominant player in the growing Tier 2-3 cities and be the lender of choice for budget-conscious customers.
Further, during the quarter, the Board of Directors approved the demerger of our pharmaceuticals business and simplification of the corporate structure. It will result in the creation of two separate listed entities in financial services and pharmaceuticals – thereby unlocking value for our shareholders. This is in line with our stated commitment as we continue to expand organically and inorganically across both the business segments. Our balance sheet strength and uniqueness of our business models sets us apart, enabling us to create long-term value for our stakeholders.”
|
Key Business Highlights |
|
|
Financial Services |
Pharma |
|
|
Consolidated P&L: (In INR Crores, or as stated)
|
Particulars |
Quarter II ended |
Half year Ended |
||||
|
30-Sept-21 |
30-Sept-20 |
% Change |
30-Sept-21 |
30-Sept-20 |
% Change |
|
|
Net Sales |
3,106 |
3,302 |
-6% |
6,014 |
6,239 |
-4% |
|
Non-operating other income |
128 |
38 |
n.m. |
231 |
103 |
124% |
|
Total income |
3,234 |
3,339 |
-3% |
6,245 |
6,342 |
-2% |
|
Other Operating Expenses |
1,617 |
1,278 |
26% |
3,025 |
2,369 |
28% |
|
Expected Credit loss |
(65) |
24 |
n.m. |
(114) |
75 |
n.m. |
|
OPBIDTA |
1,682 |
2,038 |
-17% |
3,335 |
3,898 |
-14% |
|
Interest Expenses |
963 |
1,156 |
-17% |
1,948 |
2,260 |
-14% |
|
Depreciation |
153 |
139 |
10% |
302 |
274 |
10% |
|
Profit / (Loss) before tax & exceptional items |
566 |
742 |
-24% |
1,084 |
1,364 |
-21% |
|
Exceptional items (Expenses)/Income1 |
(153) |
39 |
n.m. |
(168) |
39 |
n.m. |
|
Current Tax and Deferred Tax |
103 |
204 |
-50% |
238 |
365 |
-35% |
|
Profit / (Loss) after tax (before MI & Prior Period items) |
310 |
578 |
-46% |
678 |
1,039 |
-35% |
|
Minority interest |
|
|
|
|
||
|
Share of Associates2 |
117 |
50 |
132% |
282 |
85 |
231% |
|
Net Profit / (Loss) after Tax from continuing operations |
426 |
628 |
-32% |
960 |
1,124 |
-15% |
|
Profit / (Loss) from Discontinued operations |
- |
- |
- |
- |
- |
- |
|
Net Profit after Tax |
426 |
628 |
-32% |
960 |
1,124 |
-15% |
|
Normalized Net Profit |
541 |
589 |
-8% |
1,090 |
1,084 |
1% |
Gurugram, India – October 11, 2023: Samsung announced exciting offers
Bangalore, 10th October 2023: The Nokia G42 5G (16GB+256G
Bengaluru, October 10, 2023 IN-SPACe (Indian National Space Promotion and
New Delhi, October 3, India- Philips India announces an exciting co
 (1)_1713611592.jpg)
Through this exciting initiative, the brand aims to emerge as the go-to purveyor of authentic Chinese in India
New D
Jaipur, 18 April: Students of Jaipur have recently shown their remarkable achievement in the UPSC Civil Services Examination-
· Technopark-based Lifology holds conversation on IER 2024
Thiru
Business / 20-04-2024
MasterChow taps renowned Chef Ranveer Brar as its Brand Ambassador to champion Asli ChineseSports / 20-04-2024
Aditya Mehta Foundation's para cyclists Jyoti Gaderiya & Arshad Shaik achieve top world rankings in the latest Track Para Rankings, bringing pride to India!Business / 18-04-2024
STUDENTS OF JAIPUR'S JAYSHREE PERIWAL HIGH SCHOOL BRING LAURELS TO SCHOOL IN UPSCBusiness / 18-04-2024
India Employment Report pitches for policy to promote jobsBusiness / 18-04-2024
The EMAK Festoon Silent Heroes Awards-24 Concludes at Le Méridien, KochiPelikken © Copyright 2022, All Rights Reserved
