Piramal Enterprises Second Quarter 2023 Earnings: ₹64.37 loss per share (vs ₹17.56 profit in 2Q 2022)

Piramal Enterprises (NSE:PEL) Second Quarter 2023 Results

Key Financial Results

• Revenue: ₹19.6b (down 40% from 2Q 2022).
• Net loss: ₹15.4b (down by 467% from ₹4.19b profit in 2Q 2022).
• ₹64.37 loss per share (down from ₹17.56 profit in 2Q 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Piramal Enterprises Earnings Insights

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Diversified Financial industry in Asia.

Performance of the market in India.

The company's shares are down 7.5% from a week ago.

Risk Analysis

Be aware that Piramal Enterprises is showing 5 warning signs in our investment analysis and 3 of those make us uncomfortable...

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