India's Piramal Enterprises swings to loss in Q3

Piramal Enterprises

29/01/2024 10:28

MUMBAI, Jan 29 (Reuters) - India's Piramal Enterprises
 PIRA.NS  on Monday swung to a net loss in the fiscal third
quarter as it set aside more capital as provisions for its
exposure to alternate investment funds.
    Consolidated net loss stood at 23.78 billion rupees 
($286.11 million) in the October-December period, compared to a
profit of 35.45 billion rupees a year earlier.

($1 = 83.1160 Indian rupees)

 (Reporting by Siddhi Nayak; Editing by Sonia Cheema)
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