iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

Piramal Enterprises Approves ₹2,000 Crore NCD Issuance for Growth Expansion

23 Dec 2024 , 11:33 PM

Piramal Enterprises Ltd. said it would raise up to ₹2,000 crore in Non-Convertible Debentures or NCDs. Each of the NCD would be for face value of ₹1,000. The Administrative Committee of the Company declared on this on 20th Dec, 2024. The issues of the NCD will be on an as-on-when required basis under market condition.

The same period last year, it witnessed a 238% increase in PEL that read as ₹162.97 crore. In Q2 FY24, it stood at ₹48.19 crore. It is 10% lower than Q1 FY25, where it had registered ₹181.45 crore in Q1 FY25. Revenue saw 17% year-on-year rise to ₹2,080.43 crore. And in Q2 FY24, it stood at ₹1,778.32 crore.

The revenue was up by 7.88% quarter on quarter from ₹1,928.50 crore of Q1 FY25. The Total Assets Under Management stood at ₹62,626 crore with a 45% growth year on year. The Retail lending AUM growth year on year stood at 42% ₹54,737 crore.

In the National Stock Exchange, Piramal Enterprises Ltd shares close at ₹1083.00 on December 23, 2024. This is a 0.98% dip in the Piramal Enterprises Ltd share than the previous close.

It registered growth of 39% in mortgage loans. By way of disbursement, it was ₹4,653 crore. Healthy home loan demand.
It represents the steady growth in profit, revenue, and loan business of PEL.

Related Tags

  • NCD
  • Piramal Enterprises Ltd
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More

Most Read News

Dabur Faces ₹110.33 Crore Tax Demand
1 Apr 2025|11:10 PM
Tata Motors Sees 3% Rise in PV Sales
1 Apr 2025|10:56 PM
Read More

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Securities Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.