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“Pursuant to Regulations 30 and 51 of the SEBI Listing Regulations, we write to inform you that at the meeting of Administrative Committee (‘Committee’) of the Board of Directors held today, the Committee approved the public issuance of secured Non-Convertible Debentures of face value Rs. 1,000 each aggregating up to Rs. 2,000 crores in one or more tranches,” the company said in a statement on Friday, December 20, 2024.
Piramal Enterprises Ltd. (PEL), a leading diversified NBFC, reported a substantial 238% year-on-year (YoY) jump in consolidated net profit to ₹162.97 crore on Tuesday.
This marks a significant rise from ₹48.19 crore in the corresponding quarter of the previous fiscal. However, on a quarter-on-quarter (QoQ) basis, net profit saw a 10% decline from ₹181.45 crore in Q1 FY25.
The company posted total revenue of ₹2,080.43 crore for Q2 FY25, reflecting a 17.00% YoY increase from ₹1,778.32 crore in Q2 FY24. On a QoQ basis, revenue grew by 7.88%, up from ₹1,928.50 crore in Q1 FY25, showcasing consistent growth momentum across its business segments.
The company’s Growth AUM surged 45% YoY to ₹62,626 crore, while its retail lending segment saw a 42% rise in AUM to ₹54,737 crore. Mortgage disbursements also increased by 39% YoY, reaching ₹4,653 crore.
Shares of Piramal fell 2.9% to close at ₹1,090.25 on Friday.
