Piramal Enterprises Q4 Results Review - More Stress Ahead; Downgrade To Neutral: Motilal Oswal

NDTV Profit’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 NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Motilal Oswal Report.Piramal Enterprises Ltd. reported Q4 FY24 net profit of ~Rs 1.37 billion (loss of ~Rs 23.8 billion in Q3 FY24). Reported profit after tax included net provision write-back on AIF investments of Rs 11.4 billion and stake sale in Shriram Investment Holdings resulting in one-off gain of Rs 8.7 billion. FY24 loss after tax stood at ~Rs 16.8 billion, impacted by net AIF provision of Rs 24.7 billion. Net interest income declined 18% YoY and 10% QoQ to ~Rs 7.55 billion. Pre-provision operating profit at ~Rs 2.9 billion declined ~25% QoQ and ~37% YoY. Loan losses and provisions stood at ~Rs 33.5 billion, which included impairment on investment property of ~Rs 6.6 billion. Total AUM grew 8% YoY and declined 3% QoQ. Wholesale 2.0 AUM grew 14% QoQ to Rs 63.5 billion, while Wholesale 1.0 AUM declined 50% YoY/22% QoQ to Rs 146 billion. Retail AUM grew ~49% YoY to Rs 479 billion, with its share in the loan book increasing to ~70% (versus 64% in Q3)..Click on the attachment to read the full report:.PB Fintech Q4 Results Review - Insurance Led Growth While Credit Remained Muted: Dolat Capital.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Piramal Enterprises Q4 Results Review - More Stress Ahead; Downgrade To Neutral: Motilal Oswal

Q4 FY24 credit costs of ~Rs 33.5 billion from rundown of wholesale 1.0

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Piramal Enterprises Q4 Results Review - More Stress Ahead; Downgrade To Neutral: Motilal Oswal

Q4 FY24 credit costs of ~Rs 33.5 billion from rundown of wholesale 1.0

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