Page 1

Piramal PIRAMAL ENTERPRISES LIMITED Piramal Ananta , Agastya Corporate Park , Opposite Fire Brigade , Kamani Junction , LBS Marg , Kurla ( West ) , Mumbai - 400 070 STATEMENT OF UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE THREE AND SIX MONTHS ENDED SEPTEMBER 30 , 2021 Particulars Three months ended 30/09/21 Three months ended 30/06/2021 Corresponding Three months ended 30/09/2020 ( Unaudited ) Year to date figures for current period ended 30/09/2021 ( Unaudited ) Year to date figures for previous period ended 30/09/2020 ( Unaudited ) ( Rs . in Crores ) Previous Year ended 31/03/21 ( Audited ) Revenue from operations Other income ( Net ) Total Income ( Unaudited ) ( Unaudited ) 3,105.52 128.07 3,233.59 2,908.68 102.92 3,011.60 3,301.84 37.55 3,339.39 6,014.20 230.99 6,245.19 6,239.18 103.01 6,342.19 12,809.35 363.64 13,172.99 Expenses Cost of materials consumed 319.86 370.09 417.91 Purchases of stock - in - trade 260.45 263.84 109.90 689.95 524.29 779.50 226.87 1,412.20 664.69 Changes in inventories of finished goods , stock - in - trade and 49.55 ( 161.65 ) work - in - progress ( 85.16 ) ( 112.10 ) ( 260.70 ) ( 155.30 ) Employee benefits expense 503.81 499.39 402.85 1,003.20 Finance costs 963.17 985.04 1,155.75 1,948.21 Depreciation and amortisation expense 153.38 149.08 Impairment on financial instruments ( including commitments ) Other expenses ( Net ) ( 65.16 ) ( 49.31 ) 139.36 23.92 482.86 436.49 Total Expenses 2,667.92 2,492.97 432.43 2,596.96 302.46 ( 114.47 ) 919.35 5,160.89 808.78 4,978.04 814.59 2,260.31 274.00 74.69 9.91 1,763.13 10,114.51 1,650.47 4,208.53 560.88 Profit before share of net profit of associates and joint ventures , exceptional items and tax 565.67 518.63 742.43 1,084.30 1,364.15 3,058.48 Share of net profit of associates and joint ventures 116.51 165.34 50.24 281.85 85.17 338.43 Profit after share of net profit of associates and joint ventures before exceptional items and tax 682.18 683.97 792.67 1,366.15 1,449.32 3,396.91 Exceptional items ( Refer Note 10 ) ( 152.92 ) ( 15.08 ) 39.49 ( 168.00 ) 39.49 58.86 Profit after share of net profit of associates and joint ventures and before tax 529.26 668.89 832.16 1,198.15 1,488.81 3,455.77 Tax Expense Current tax Deferred tax ( Net ) 105.55 ( 2.78 ) 184.97 ( 49.87 ) 70.70 133.15 290.52 ( 52.65 ) 123.20 241.74 Tax adjustment for earlier years ( Refer Note 11 ) 377.79 406.83 1,258.29 Profit after tax and share of net profit of associates and joint ventures 426.49 533.79 628.31 960.28 1,123.87 1,412.86 Other Comprehensive Income / ( Expense ) ( OCI ) A. Items that will not be reclassified to profit or loss Changes in fair values of equity instruments through OCI Remeasurement of post employment benefit plans Income tax impact on above 88.84 263.66 182.50 352.50 2.33 ( 1.35 ) ( 0.31 ) 0.98 27.85 ( 8.20 ) 0.14 19.65 131.80 ( 0.36 ) 0.14 363.31 ( 3.69 ) 10.72 B. Items that will be subsequently reclassified to profit or loss Deferred gains / ( losses ) on cash flow hedge ( 3.33 ) ( 4.55 ) 16.23 ( 7.88 ) 11.67 23.31 Exchange differences on translation of financial statements of foreign operations 40.12 ( 36.37 ) 76.49 ( 66.97 ) Gain of bargain purchase 11.69 Income tax impact on above 3.54 ( 1.27 ) 1.07 2.27 ( 62.55 ) 11.69 3.15 ( 18.01 ) 7.43 3.78 Total Other Comprehensive Income , net of tax expense 82.86 324.78 144.35 407.64 95.54 386.85 Total Comprehensive Income , net of tax expense 509.35 858.57 772.66 1,367.92 1,219.41 1,799.71 Profit ( Loss ) attributable to : Owners of Piramal Enterprises Limited Non - Controlling interests 419.17 7.32 539.40 ( 5.61 ) 628.31 958.57 1.71 1,123.87 1,332.34 80.52 Other Comprehensive Income / ( Expense ) attributable to : Owners of Piramal Enterprises Limited 90.10 Non - Controlling interests ( 7.24 ) 312.10 12.68 144.35 402.20 5.44 95.54 376.79 10.06 Total Comprehensive Income / ( Loss ) attributable to : Owners of Piramal Enterprises Limited 509.27 Non - Controlling interests 0.08 851.50 7.07 772.66 1,360.77 7.15 1,219.41 1,709.13 90.58 Paid - up Equity Share Capital ( Face Value of Rs.2 / - each ) 47.73 47.73 45.11 47.73 45.11 Reserves ( excluding Revaluation Reserves ) 45.11 33,972.85 Earnings Per Equity Share ( EPS ) ( Face Value of Rs.2 / - each ) ( not annualised ) a ) Basic EPS for the period / year ( Rs . ) b ) Diluted EPS for the period / year ( Rs . ) 17.56 17.52 22.74 26.50 40.29 22.54 26.26 40.06 47.40 46.97 56.19 55.68 See accompanying notes to the unaudited consolidated financial results пили Piramal Enterprises Limited CIN L24110MH1947PLC005719 Registered Office : Piramal Ananta , Agastya Corporate Park , Opp Fire Brigade , Kamani Junction , LBS Mag , Kurla ( West ) , Mumbai 400 070 India Secretarial Dept : Ground Floor , B Block , Agastya Corporate Park , Opp . Fire Brigade , Kamani Junction , LBS Marg , Kurla ( West ) , Mumbai , Maharashtra 400070 , India T +91 22 3802 3084/3083/3103 F +91 22 3802 3084 piramal.com amal