BAJAJ BROKING
Piramal Enterprises approved a public issuance of secured NCDs worth ₹2,000 crore to enhance financial capacity. The company reported a 238% YoY net profit jump, showcasing robust growth.
Piramal Enterprises Ltd (PEL) has announced its plan to raise up to ₹2,000 crore through public issuance of secured Non-Convertible Debentures (NCDs). The decision, made by the company’s Administrative Committee on December 20, 2024, aims to enhance financial flexibility and support business growth. The NCDs, with a face value of ₹1,000 each, will be issued in one or more tranches.
Also read: NTPC Green Energy Partners with Bihar for Renewable Energy Push
Fundraising Strategy: Public issuance of secured NCDs aggregating up to ₹2,000 crore.
Purpose: Boost financial capacity for growth initiatives.
Company Performance: Strong YoY and QoQ revenue growth in Q2 FY25.
Impact on Piramal Share Price: The development aligns with market strategies to sustain investor confidence.
Also read: NHPC to Invest ₹5,500 Crore in Bihar for Solar, Green Hydrogen
Piramal Enterprises reported robust financial results for Q2 FY25, with a 238% year-on-year (YoY) increase in net profit to ₹162.97 crore. This marked significant growth from ₹48.19 crore in Q2 FY24. On a quarter-on-quarter (QoQ) basis, net profit declined 10% from ₹181.45 crore in Q1 FY25. The company’s total revenue reached ₹2,080.43 crore, a 17% YoY growth from ₹1,778.32 crore in Q2 FY24, and a 7.88% QoQ increase from ₹1,928.50 crore in Q1 FY25.
Metric | Q2 FY25 | Q2 FY24 | QoQ Change | YoY Change |
Net Profit | ₹162.97 crore | ₹48.19 crore | -10% | +238% |
Total Revenue | ₹2,080.43 crore | ₹1,778.32 crore | +7.88% | +17% |
Growth AUM | ₹62,626 crore | N/A | N/A | +45% |
Retail Lending AUM | ₹54,737 crore | N/A | N/A | +42% |
Mortgage Disbursements | ₹4,653 crore | N/A | N/A | +39% |
The company’s strong performance reflects its diversified growth strategy, with a notable 45% YoY surge in Growth Assets Under Management (AUM) and a 42% rise in retail lending AUM.
Despite positive financial results, Piramal share price fell by 2.9%, closing at ₹1,090.25 on Friday. The announcement of the ₹2,000 crore NCD issuance is expected to support the company’s growth initiatives and influence future market trends.
Piramal Enterprises’ decision to raise ₹2,000 crore through secured NCDs underscores its focus on strengthening financial capabilities to sustain growth. The company’s robust performance and diversified portfolio position it for long-term success in the NBFC sector.
Also read: NSE to Exclude 16 Securities from F&O Contracts by Feb 28
Do you have a trading account app or demat account app?
You can open an account with Bajaj Broking in minutes.
Download the Bajaj Broking app now from Play Store or App Store.
Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.
This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
For All Disclaimers Click Here: https://bit.ly/3Tcsfuc
Share this article:
Gold Rate Today | 17 January 2025 | Gold Price in India
17 Jan, 2025 | 40 Min. read
TVS Motor Partners with Hindi Motors to Launch Popular Models in Morocco
17 Jan, 2025 | 2 Min. read
Reliance Acquires RNEBL in Strategic Move to Bolster Energy Portfolio
17 Jan, 2025 | 2 Min. read
Zaggle Secures Key Agreements with Neuroglia Health and HT Media
17 Jan, 2025 | 2 Min. read
Lemon Tree Signs New Property in Valsad, Gujarat, Opening FY 2029
17 Jan, 2025 | 2 Min. read
Capital Numbers Infotech IPO- Objectives, Guide & How to Apply
17 Jan, 2025 | 5 Min. read
IRFC Signs ₹250 Crore Lease Agreement with NTPC for 8 BOBR Rakes
16 Jan, 2025 | 2 Min. read
Hero Moto Co. Expands Premium Stores and Records 40% Export Growth
16 Jan, 2025 | 2 Min. read
Senco Gold Sets 31 Jan as Record Date for Stock Split
16 Jan, 2025 | 2 Min. read
EMA Partners India IPO- Key Objective & Deep Analysis
16 Jan, 2025 | 5 Min. read
Nazara Technologies Board Meeting to Discuss Preferential Share Issue
16 Jan, 2025 | 2 Min. read
Stallion India IPO- Objectives, Investment Guide & How to Apply
16 Jan, 2025 | 4 Min. read
RBI Launches ULI: Transforming Loan Access
August 27, 2024 | 4 Min. read
Textile Sector in India
September 20, 2024 | 5 Min. read
List of IPOs with DRHPs Filed
November 30, 2023 | 3 Min. read
Aditya Birla Group
September 28, 2023 | 10 Min. read
Bajaj Housing Finance Ltd IPO: Things Smart Investors Need to Know
September 05, 2024 | 4 Min. read
Budget Stock Ideas 2024-2025 | Stocks to Buy Today
July 24, 2024 | 4 Min. read
IPO Eligibility Criteria : Full Details
March 15, 2024 | 6 Min. read
What Is the Lock-In Period in IPOs?
October 18, 2023 | 6 Min. read
Godfrey Phillips Announces 2:1 Bonus Shares
September 16, 2024 | 7 Min. read
Jindal Group- A Comprehensive Analysis
September 27, 2024 | 7 Min. read
Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading