Piramal Enterprises announced a good increase in consolidated net profit for the quarter ended December 2015. During the quarter, the profit of the company rose 29.19% to Rs 3,217.10 million from Rs 2,490.20 million in the same quarter previous year.
Revenues for the quarter rose 32.80% to Rs 18,586.80 million, compared with Rs 13,996 million for the prior year period.
Operating margin for the quarter stood at 33.80 percent as compared to 22.75 percent for the previous year period. Operating Income for the quarter was Rs 6,282.10 million, compared with Rs 3183.8 million in the previous year period.
Earnings per share for the quarter stood at Rs 18.64, registering 29.18% growth over previous year period.
| Quarterly Results - Consolidated (Rs in mn) |
| As at | Dec - 15 | Dec - 14 | %Change |
| Revenues | 18,586.80 | 13,996.20 | 32.80 |
| Net Profit | 3,217.10 | 2,490.20 | 29.19 |
| Diluted EPS | 18.64 | 14.43 | 29.18 |
Shares of the company declined Rs 14.1, or 1.45%, to trade at Rs 957.80. The total volume of shares traded was 22,081 at the BSE (1.42 p.m., Monday).
