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Piramal Enterprises, formerly Piramal Healthcare, posted a net profit (after taxes, minority interest and share of profit of associates) of Rs 61 crore for the three months ended December 31. It had clocked a net profit of Rs 8.5 crore in the same quarter last year.
The company said that its performance for the quarter was not comparable to the previous quarter, since its subsidiary Decision Resources Group had acquired 95 per cent stake in Sigmatic Ltd (services offered under the brand name Abacus International), a UK based analytics and markets access solutions firm for an enterprise value of £20.8 million (Rs 182 crore).
The company clocked a total income of Rs 1,055 crore in the quarter under review. It had posted total income of Rs 645 crore in the corresponding quarter last year. Piramal Enterprises shares were up over one per cent on the BSE, at Rs 555 on Monday.
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