Piramal Finance Limited shares were up 3.49% at ₹2,016 on the BSE at 6:06 a.m. ET on Oct. 21, Business Standard market data showed, two days after the Indian lender reported higher quarterly earnings.
The Economic Times reported that the stock reached ₹2,018 on the National Stock Exchange during the session, a gain of nearly 4%. The BSE price was a later snapshot from a different exchange.
Piramal Finance reported profit after tax of ₹545 crore for the quarter ended Sept. 30, up 67% from ₹327 crore a year earlier. Net interest income rose 35% to ₹1,530 crore. Earlier coverage of Piramal’s quarterly earnings detailed the results and growth in its retail loan book.
The year-earlier profit included ₹60 crore in merger-related costs and a one-time ₹21 crore tax expense, the company said. Retail loan disbursements rose 34% to ₹14,646 crore in the latest quarter, while the cost-to-income ratio fell to 52.1% from 61.2% a year earlier.
