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Piramal Enterprises Q4 results: Piramal Enterprises back in the black on large tax write-back

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Piramal Enterprises Q4 results: Piramal Enterprises back in the black on large tax write-back

MUMBAI: Piramal Enterprises (PEL), the non-banking finance company of the real estate and pharma group swung to a profit in the March quarter helped by a large tax write-back even as higher funding costs and continued paring of its wholesale loan book pressured earnings. The consolidated net profit was 137 crore from a loss of … Read more