Consistently delivering excellent set of results quarter on quarter
Mumbai, India, May 28, 2018: Piramal Enterprises Limited (‘PEL’, NSE: PEL, BSE: 500302) today announced its consolidated results for Full Year and Fourth Quarter (Q4) ended 31st March 2018.
Financial Highlights
• Revenue :
Up 24% at Rs.10,639 Crores during FY2018 vs Rs.8,547 Crores in FY2017
Up 21% at Rs.2,991 Crores during Q4 FY2018 vs Rs.2,463 Crores in Q4 FY2017
• Normalised Net Profit*:
Increased by 24% to Rs. 1,551 Crores for FY2018 vs Rs.1,252 Crores in FY2017 Increased by 21% to Rs. 375 Crores for Q4 FY2018 vs Rs. 311 Crores in Q4 FY2017
Operational Highlights
• Successfully raised upto Rs. 6,974 Crores through QIP of CCDs and Rights issue
• Reverse merger scheme of Piramal Finance and Piramal Capital with Piramal Housing Finance got effective from 31st March 2018
• The Board has recommended a dividend of Rs. 25 per share
• Total Loan Book grew by 69% to Rs.42,168 Crores as on 31 March 2018
• Successfully cleared 3 US FDA inspections, 24 other regulatory audits and 167 customer audits in FY18
Mr. Ajay Piramal, Chairman, Piramal Enterprises Ltd., Mr. Ajay Piramal, Chairman, Piramal Enterprises Ltd., “We are pleased to announce that Piramal Enterprises has recorded another year of robust revenue and profitability performance.
The Company has delivered Rs.10,639 Crores of revenues for the year, recording a 24% growth; and normalised net profits of Rs 1,551 Crores for FY2018, up 24% over last year. During the year, our loan book grew 69% to Rs.42,168 Crores. In addition, loans worth Rs.23,300 Crores have been sanctioned but yet to get disbursed.
We recently completed the process of merging Piramal Finance and Piramal Capital into Piramal Housing Finance with the intent of streamlining the Financial Services business, an another step in the direction of potentially unlocking value of the company in future. We are confident that the synergies from the merger will help us augment our returns in the coming years.
We remain steadfast in our commitment to generate year-on-year improved performance and to drive innovative business initiatives that bolster growth, strengthen our market leadership and consistently create long-term value for our shareholders.
Note: * The normalised net profit excludes synergies on account of merger of subsidiaries in Financial services segment.
(Rs. Crores or as stated)
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Particulars
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Quarter IV Ended
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Full Year Ended
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31-Mar-18
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31-Mar-17
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% Change
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31-Mar-18
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31-Mar -17
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% Change
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Net Sales
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2,991
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2,463
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21%
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10,639
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8,547
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24%
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Non-operating other income
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36
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86
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(58%)
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259
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234
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11%
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Total income
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3,028
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2,549
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19%
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10,899
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8,781
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24%
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Other Operating Expenses
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1,610
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1,430
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13%
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5,479
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5,048
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9%
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OPBIDTA
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1,417
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1,119
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27%
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5,419
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