Friday 31 January 2014

Piramal Enterprises reports consolidated net loss of Rs 11.14 crore in Q3

Piramal Enterprises has reported results for third quarter ended December 31, 2013.

The company has reported a net loss of Rs 82.14 crore for the quarter as compared to net loss of Rs 24.78 crore for the same quarter in the previous year. However, total income of the company has increased by 18.26% at Rs 566.10 crore for quarter under review as compared to Rs 478.66 crore for the quarter ended December 31, 2012.

On the consolidated basis, the group has reported a net loss after taxes and Minority Interest of Rs 11.14 crore for the quarter as compared to net profit of Rs 61.07 crore for the same quarter in the previous year. However, total income of the group has increased by 23.74% at Rs 1305.58 crore for quarter under review as compared to Rs 1055.06 crore for the quarter ended December 31, 2012.

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