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Piramal Enterprises Q4 net dives 88% to 456 crore
Highlights
Piramal Enterprises on Friday reported 88 per cent plunge in consolidated net profit to Rs 456.24 crore for the fourth quarter ended March 31, 2019.
New Delhi: Piramal Enterprises on Friday reported 88 per cent plunge in consolidated net profit to Rs 456.24 crore for the fourth quarter ended March 31, 2019.
In the year-ago period, the company had a net profit of Rs 3,943.98 crore on the back of deferred tax, according to a regulatory filing.
These figures are after taking into account tax and share of profit of associates and joint ventures.
In the year-ago period, the company had benefited from a deferred tax of Rs 3,569.18 crore on account of merger of subsidiaries.
Consolidated revenue from operations stood at Rs 3,679.67 crore for March quarter 2018-19 as against Rs 2,991.06 crore in the same period of 2017-18.
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