PEL Piramal Enterp. Q3 FY25 results (Oct–Dec 2024) and concall
Piramal Enterprises delivered a quarter characterized by a continued structural shift toward its 'Growth' businesses (Retail and Wholesale 2.0), which now comprise 87% of the total AUM. While consolidated profit remains modest at ₹39 crores due to legacy book haircuts, these were largely offset by significant AIF recoveries. Management is aggressively running down the legacy book while tightening credit standards in unsecured retail segments like microfinance to navigate a hardening credit environment.
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What they filed
Q3 FY25: revenue down 9.3%, net profit up 117.3% against the same quarter last year.
| Line item | Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 |
|---|---|---|---|---|---|---|
| Revenue | 527 | 636 | 1,421 | 557 | 492 −7% | 577 −9% |
| Net profit | 3 | -1,060 | 954 | 228 | 116 +3767% | 183 +117% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.
