Mumbai, Jan. 27 -- Piramal Enterprises posted muted profit after tax in Q3 FY25 as strong loan growth was partially offset by higher provisions due to asset quality woes.

The non-banking financial company (NBFC) made loan loss provisions of Rs.648 crore during the quarter, up over two-fold on-quarter and over 2.5 times on-year.

Of these provisions, Rs.300 crore was for the legacy wholesale book that the company has been de-growing for the last several quarters. The remaining was for the 'growth book' which includes both wholesale and retail segments that the company is growing. Within the growth book, Rs.270-280 crore of provisions were for retail loans.

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