Piramal Enterprises reports 61 per cent rise in Q4 PAT; shares hit fresh 52-week high

NEW DELHI: Ajay Piramal-led Piramal Enterprises on Friday reported 61 per cent rise in consolidated net profit at Rs 310.96 crore for the quarter ended March 31, 2017 against Rs 193.07 crore in the same quarter last year.

Consolidated total income of the company surged 46.26 per cent to Rs 2,548.96 crore for the quarter under review against Rs 1,742.79 crore in the same quarter last year.

Profit before tax of the company jumped 147.84 per cent year-on-year to Rs 399.27 crore.

The board of the company has recommended dividend of Rs 21 per equity share of face value of Rs 2 for the financial year ended March 31, 2017.

Reacting on Q4 numbers, shares of the company surged as much as 4.40 per cent and hit their fresh 52-week high of Rs 2,649.40.