Piramal Enterprises looks at sustained growth, profitability: Chairman
Piramal Enterprises is looking at sustained growth and profitability with the last few years spent in making balance sheets and businesses more resilient to tide over unforeseen uncertainties, according to Chairman Ajay G Piramal. In his address to shareholders in Annual Report for 2022-23, the business leader said the efforts over the last years have shown positive results with the group ending the last fiscal with a net profit of Rs 9,969 crore and total assets of Rs 83,386 crore. "We are now focused on sustained growth and profitability and to achieve our balance between three pillars - Growth, Risk and Profitability," Piramal stated. Focused business entities ensure not only focus in terms of business strategies but also help strengthen and ensure efficient use of our capital and human resources, he added. "We are certain that the consequent long-term value creation for all stakeholders will be achieved by strategically selecting our specialised bets in retail and wholesale bac08-06-2023
