Piramal Finance Ltd — earnings calls
2 quarters summarised from transcripts filed with the exchange, every statement cited. Newest first.
Piramal Finance reported Q1 FY27 consolidated PAT of Rs 461 crore, up 67% year-on-year, with total AUM growing 25% year-on-year to Rs 1,06,940 crore and Growth AUM up 32%. Management described stable asset quality across retail and wholesale books, a marginal quarter-on-quarter decline in NIM attributed to reduced direct assignment sales, and highlighted early signs of stress among IT-sector salaried customers in southern India. The board also approved an enabling resolution to raise up to Rs 4,000 crore in capital, and the company received BBB/Stable ratings from two Japanese credit agencies.
Piramal Finance reported consolidated net profit of INR1,506 crores for FY26, up 3x year-on-year, with total AUM crossing INR1 lakh crores after growing 25% year-on-year. Management said the Legacy book was reduced 59% year-on-year to INR2,807 crores while the retail business grew 33% to INR85,885 crores, now forming 85% of total AUM. Management also discussed credit rating upgrades to AA+, branch network expansion into gold loans and rural lending, and set FY27 targets for AUM growth, profit growth, and return on AUM.