Piramal Enterprises’s net profit decreases by 64% YoY; falls 11%

Piramal Enterprises Limited shares slumped by 11% to ₹875.05, after reporting a decline in operating revenue by 14% QoQ and 26% YoY, while the net profit dropped 64% YoY but grew 32.5% QoQ. The disbursements were impacted by regulatory changes imposed by the RBI regarding fair practices in the June quarter.