Piramal Finance Q2 net profit rises 67 percent to ₹545 crore
By United One News · AI-generated summary of 5 outlets' reporting
Published · Updated
AI-generated summary of the coverage listed below:
Piramal Finance reported a 67 percent surge in net profit to ₹545 crore for the September quarter, driven by core income growth.
- The company's cost-to-income ratio improved to 52.1 percent during the quarter compared to 61.2 percent previously.
- Management has guided towards net interest margin expansion following the strong quarterly performance.
- Aye Finance also reported a September quarter net profit surge of 151 percent to ₹86.7 crore.
Covered by 5 outlets across the spectrum: 20% left, 80% center, 0% right.
How each side framed it
Five years after DHFL buyout, Piramal Finance gains Rs 3,000 crore from stressed loans
Piramal Finance Q2 net profit surges 67% to ₹545 crore on core income growth; guides towards NIM expansion
Timeline
First to report: The Hindu BusinessLine (); 5 articles from 5 outlets so far.
Who is covering this story
- Left-leaning (1): The New Indian Express
- Center (4): The Hindu BusinessLine, Inc42, Indian Chemical News, Economic Times
Sources
- Piramal Finance Q2 net profit surges 67% to ₹545 crore on core income growth; guides towards NIM expansion — The Hindu BusinessLine (center) ·
- Aye Finance Q2: Profit Surges 151% YoY To ₹87 Cr, Revenue Crosses ₹500 Cr Mark — Inc42 (center) ·
- Dow’s Q3 profit surges as prices rise & cost-cutting pays off — Indian Chemical News (center, AI-estimated) ·
- Kotak Bank's interest income lifts Q2 profit by 26% — Economic Times (center) ·
- Five years after DHFL buyout, Piramal Finance gains Rs 3,000 crore from stressed loans — The New Indian Express (left-leaning) ·