Piramal Enterprises Ltd

Piramal Enterprises announced that the Reserve Bank of India under Section 45 IA of the Reserve Bank of India Act, 1934, on 4 April 2025, has granted a Certificate of Registration (CoR) to Piramal Finance (PFL) (Formerly known as Piramal Capital & Housing Finance), a wholly-owned subsidiary of the Company, to commence its business of Non-banking Financial Institution- Investment and Credit Company (NBFC-ICC) without accepting public deposits. With the receipt of the said CoR, PFL will stop conducting its business as a Housing Finance Company (HFC) and has accordingly surrendered the HFC Certificate of Registration. Powered by Capital Market - Live

PFL, an existing wholly owned subsidiary of the company, reported a turnover of Rs 6.66 lakh for the FY24. The funds raised through this investment will be utilized by PFL for business and general corporate purposes. There has been change in the shareholding percentage of Piramal Enterprises in PFL following this investment. Piramal Enterprises (PEL) is a leading diversified NBFC in India with a presence across retail lending, wholesale lending, and fund-based platforms. The company has investments and assets worth around $10 billion, with a network of branches across 26 states/UTs. The company reported consolidated net profit of Rs 38.56 crore in Q3 FY25 as compared with net loss of Rs 2,377.59 crore in Q3 FY24. Total income jumped 10.1% YoY to Rs 288.76 crore in Q3 FY25. The counter declined 1.11% to end at Rs 978.50 on Wednesday, 26 March 2025.Powered by Capital Market - Live

 Piramal Enterprises has invested Rs 600 crore in its wholly owned subsidiary, Piramal Finance by way of subscription to rights issue.  Powered by Capital Market - Live

The name of Piramal Capital & Housing Finance, a wholly-owned subsidiary of Piramal Enterprises, has been changed from 'Piramal Capital & Housing Finance' to 'Piramal Finance' with effect from 22 March 2025. Powered by Capital Market - Live

Piramal Enterprises has allotted 7,500 Secured, Rated, Listed, Redeemable, Non-Convertible Debentures each having a face value of Rs.1,00,000/-, aggregating to Rs. 75 crore on a private placement basis. Powered by Capital Market - Live

The company will issue secured, rated, listed, redeemable, non-convertible debentures (NCDs) up to Rs 75 crore, along with the green shoe option to retain oversubscription up to Rs 375 crore, the total issue size aggregating up to Rs 450 crore, having a face value of Rs 1 lakh each. Piramal Enterprises (PEL) is a leading diversified NBFC in India with a presence across retail lending, wholesale lending, and fund-based platforms. The company has investments and assets worth around $10 billion, with a network of branches across 26 states/UTs. The company reported consolidated net profit of Rs 38.56 crore in Q3 FY25 as compared with net loss of Rs 2,377.59 crore in Q3 FY24. Total income jumped 10.1% YoY to Rs 288.76 crore in Q3 FY25. The counter declined 2.23% to end at Rs 1011.40 on Monday, 10 February 2025.Powered by Capital Market - Live

Honeywell Automation India Ltd, Hitachi Energy India Ltd, IIFL Finance Ltd, Apar Industries Ltd are among the other stocks to see a surge in volumes on NSE today, 28 January 2025.Piramal Enterprises Ltd notched up volume of 39.05 lakh shares by 14:14 IST on NSE, a 10.58 fold spurt over two-week average daily volume of 3.69 lakh shares. The stock rose 4.52% to Rs.955.85. Volumes stood at 9.03 lakh shares in the last session.Honeywell Automation India Ltd recorded volume of 35793 shares by 14:14 IST on NSE, a 9.64 times surge over two-week average daily volume of 3712 shares. The stock lost 2.79% to Rs.38,677.70. Volumes stood at 7533 shares in the last session.Hitachi Energy India Ltd witnessed volume of 4.34 lakh shares by 14:14 IST on NSE, a 7.62 times surge over two-week average daily volume of 56954 shares. The stock dropped 11.73% to Rs.9,649.60. Volumes stood at 73552 shares in the last session.IIFL Finance Ltd recorded volume of 64.95 lakh shares by 14:14 IST on NSE, a 7.59 times surge over two-week average daily volume of 8.56 lakh shares. The stock lost 0.66% to Rs.355.50. Volumes stood at 14.35 lakh shares in the last session.Apar Industries Ltd notched up volume of 6.99 lakh shares by 14:14 IST on NSE, a 7.05 fold spurt over two-week average daily volume of 99202 shares. The stock slipped 19.58% to Rs.7,208.90. Volumes stood at 1.21 lakh shares in the last session.Powered by Capital Market - Live

Net profit of Piramal Enterprises reported to Rs 38.56 crore in the quarter ended December 2024 as against net loss of Rs 2377.59 crore during the previous quarter ended December 2023. Sales declined 4.56% to Rs 2340.70 crore in the quarter ended December 2024 as against Rs 2452.44 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales2340.702452.44 -5 OPM %45.9149.15 - PBDT-231.21246.08 PL PBT-285.33204.70 PL NP38.56-2377.59 LP Powered by Capital Market - Live

Piramal Enterprises will hold a meeting of the Board of Directors of the Company on 27 January 2025.Powered by Capital Market - Live

Life Healthcare Group Holdings has entered into binding agreements for the sale of Life Molecular Imaging, a member of the Imaging Group, subject to receipt of shareholders and various regulatory and other approvals. Life Healthcare is part of the group that acquired Piramal Imaging SA from Piramal Enterprises in 2018. The company stated that it will become eligible to receive an estimated amount of $140 million, expected to be received in FY26. It may also receive further amounts in subsequent years from any eligible profits and future earnouts relating to the Imaging Group, subject to a maximum of $200 million (inclusive of the above $140 million). Piramal Enterprises (PEL) is a leading diversified NBFC in India with a presence across retail lending, wholesale lending, and fund-based platforms. The company has investments and assets worth around $10 billion, with a network of branches across 26 states/UTs. The NBFC reported a 238.2% surge in consolidated net profit to Rs 162.97 crore on a 9.2% rise in total income to Rs 2,486.18 crore in Q2 FY25 over Q2 FY24. Powered by Capital Market - Live