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Piramal Enterprises Q1 Net Dips 64% to ₹181 cr
Piramal Enterprises experienced a 64% drop in its June quarter net profit, down to ₹181 crore from ₹509 crore a year earlier due to a prior one-off benefit. Core net interest income increased by 18% to ₹807 crore, although the net interest margin shrank. CEO Jairam Sridharan remains confident about meeting the FY25 target.