Piramal Finance shares jump 4% as Q2 profit rises 67% YoY to Rs 545 crore, NII jumps 35% YoY

Piramal Finance shares have increased by nearly 4% after the company reported a significant rise in its second-quarter profit. The net profit jumped 67% year-on-year to Rs 545 crore, which is a substantial improvement. This increase in profit is a positive sign for the company, and it may have a positive impact on the overall market, particularly for investors who hold shares in Piramal Finance.

Why it matters

Piramal Finance's Q2 profit rose 67% year-on-year to Rs 545 crore. The company's assets under management grew 24%, while retail disbursements increased, indicating a strong financial performance.

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