Piramal Enterprises, the erstwhile Piramal Healthcare, has posted a net loss of Rs 200 crore for the three months ended March 2013. The company had registered a loss of Rs 38 crore in the corresponding period last year.
It had posted total income of Rs 938 crore in the quarter under review compared with Rs 688 crore in the corresponding period of the previous year.
For the year ended March 31, 2013, the company posted a net loss of Rs 227 crore, compared to a net profit of Rs 111 crore in the corresponding period in the previous year.
The company’s total income for the year stood at Rs 3,544 crore compared with Rs 2,352 crore in the previous year.
Interest cost was higher at Rs 575 crore for the financial year 2013 compared with Rs 215 crore in the previous year. And this was because of debt raised by the company to fund acquisitions of Vodafone shares and DRG (Decision Resources Group), besides funding the financial services business, the company said.
Piramal Enterprises shares were marginally down on the BSE, at Rs 544 on Friday.