Revenue of the company was up 9.1 percent at Rs 3,806 crore versus Rs 3,489 crore, YoY.
Piramal Enterprises share price gained 7 percent intraday on February 4 after the company posted a robust set of numbers for the quarter ended December 2019.
The company's consolidated Q3FY20 net profit rose 20.2 percent at Rs 725 crore against Rs 603 crore in the same quarter last fiscal.
Revenue of the company was up 9.1 percent at Rs 3,806 crore versus Rs 3,489 crore, YoY.
Earnings before interest, tax, depreciation and amortisation (EBITDA) rose 13.3 percent at Rs 2,296 crore versus Rs 2,026.3 crore and the margin was up at 60.3 percent versus 58.1 percent, YoY.
At 12:53 hrs, Piramal Enterprises was quoting at Rs 1,417.50, up Rs 79.60, or 5.95 percent.Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.First Published on Feb 4, 2020 01:03 pm
