Piramal Finance rises as Q2 PAT climbs 67% YoY
Mumbai, Oct. 21 -- The company's consolidated profit after tax (PAT) increased 66.67% year-on-year (YoY) and 18.22% quarter-on-quarter (QoQ) to Rs 545 crore in Q2 FY27. Total income rose 33.06% YoY and 4.62% QoQ to Rs 1,767 crore.
Net interest income (NII) increased 35.16% YoY and 6.40% QoQ to Rs 1,530 crore. Pre-provision operating profit (PPOP) rose 64.27% YoY and 5.88% QoQ to Rs 846 crore.
Profit before tax (PBT) increased 75.76% YoY and 30.70% QoQ to Rs 580 crore. Loan loss provisions and fair value loss rose 21.77% YoY but declined 33.63% QoQ to Rs 302 crore.
Interest income increased 24.28% YoY and 5.80% QoQ to Rs 3,358 crore, while interest expenses rose 16.43% YoY and 5.30% QoQ to Rs 1,828 crore.
Other income increased 20.92% ...
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