BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
Piramal Enterprises Ltd. reported a Q4 consolidated loss of Rs 5.1 billion, led by a one-off tax adjustment of Rs 12.6 billion.
Consolidated profit before tax was largely stable on a sequential basis at Rs 9.7 billion.
In FY21, consolidated profit before tax jumped to Rs 34 billion from Rs 14 billion YoY due to a low base (it had incurred a one-time provision of Rs 19 billion in FY20).
In Q4 FY21, the financial services segment was characterized by continued moderation in the wholesale lending book, gradual pick-up in retail lending disbursements, and some increase in the gross non performing loan ratio.
The company delivered a strong performance in the pharma segment, led by robust traction in contract development and manufacturing organization and India consumer products.
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