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Earnings Call

Piramal Finance Earnings Call: Key Takeaways

Piramal Finance delivered strong FY26 results, crossing ₹1 lakh crore AUM. Strategy shifted heavily toward retail (85% of AUM) while successfully running down the legacy wholesale book to under 3%.

Why this was an Alfa AlertNet Profit beat: Guided FY26 PAT of ₹1,300-1,500cr, delivered ₹1,506cr (slight beat). Management explicitly stated they surpassed targets set at year-start.
Highlights
Revenue growthAUM grew 25% YoY; Growth AUM up 33% YoY.
MarginsNIM expanded 20bps QoQ to 6.5%; Growth book NIM at 7%.
Demand visibilityStrong domestic demand despite global geopolitical risks.
Management confidenceHigh; cited 'fastest scale-up of any retail business among NBFCs'.

Growth

AUM up 25% YoY; FY26 PAT at ₹1,506cr (3x YoY). Retail AUM grew 33% YoY.

Outlook

FY27 targets: 25% AUM growth, ~50% profit growth, and 2.5% RoAUM exit. Guidance of ₹1.5 lakh crore AUM by FY28.

Risks

Geopolitical volatility in the Gulf affecting macro; potential second-order impacts on MSME customers in specific sectors.

Source

Earnings Call filed with NSE, NSE: PIRAMALFIN. Summary written with AI assistance from the document.

Read the document ↗

Piramal Finance Ltd: key numbers

Share price
₹2,114.90
Market cap
₹50,172 Cr
Revenue (annual)
₹11,852 Cr
Net profit (annual)
₹1,504 Cr
P/E (TTM)
26.4×Sector 20.8×
Promoter holding
44.22%-1.94% QoQ
FII holding
15.61%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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