Piramal Enterprises' first-quarter net profits beat expectations.

Piramal Enterprises reported first-quarter net profit that exceeded analysts' average expectations. The net profit for the first quarter was 2.76 billion rupees, a year-on-year increase of 52%, compared to Bloomberg's consensus expectation of 0.646 billion rupees. Revenue was 26.4 billion rupees, an 18% increase year-on-year. Total costs were 24.7 billion rupees, a 23% increase year-on-year. Other income was 0.5086 billion rupees, compared to 0.2258 billion rupees in the same period last year.