Mumbai January 31, 2014: Piramal Enterprises Ltd
on Thursday posted a net loss of Rs.
11 crore for the December quarter on increased finance costs and tax expenses, although total income rose almost 30% to Rs.
The Ajay Piramal
-led pharmaceuticals-to-financial services group had made a net profit of Rs.
61 crore in the corresponding year-ago quarter.
The company had also raised funds for its financial services business, which includes corporate funding in the realty sector and private equity business.
“The figures for the December quarter are not actually comparable to the year-ago quarter on account of acquisition of Decision Resources Group in June 2012,” Piramal Enterprises said.-Livemint