MUMBAI: Shares of Piramal Enterprises fell as much as 10% after the company reported a consolidated net loss of ₹1,702.59 crore for the quarter ended March as against a net profit of ₹454.63 crore a year ago.
At 01:20 pm, the stock was down 8% at ₹857.70, while the benchmark Sensex was 1.52% lower at 31082.55. Around 4.87 million shares have changed hands on the counter on the BSE and NSE combined, so far.
The stock hit its 52-week low of ₹608 on March 24. Net sales declined 2% year-on-year to ₹3,341 crore in March quarter. Results were announced after market hours on Monday.
Pharmaceuticals segment revenue grew by 10% to ₹1,623 crore in Q4. The management said, pharma operations continued at all sites globally, and for the whole year