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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
₹2,142.70
Market cap
₹50,703 Cr
Revenue (annual)
₹11,852 Cr
Net profit (annual)
₹1,504 Cr
P/E (TTM)
30.1×Sector 22.0×
Promoter holding
44.22%-1.94% QoQ
FII holding
15.72%Current quarter

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

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17:36 IST BSE
Debt & Borrowing

Piramal Finance Debt & Borrowing: ₹462.1 Cr

Piramal Finance Limited successfully processed a partial face value redemption of its Secured Rated Listed Redeemable NCDs on September 25, 2026. The redeemed amount is ₹462.07 Crore.

Value
₹462.1 Cr
17:35 IST BSE
Debt & Borrowing

Piramal Finance Debt & Borrowing: ₹487.4 Cr

Piramal Finance Ltd successfully paid Rs.487.42 Crore in interest on its secured NCDs. This disclosure confirms fulfilment of the company's debt servicing obligations.

Value
₹487.4 Cr
17:34 IST BSE
Debt & Borrowing

Piramal Finance Debt & Borrowing: ₹949.5 Cr

Piramal Finance made interest and partial redemption payments totaling ₹949.49 Crore for its Non-Convertible Debentures (ISIN: INE516Y07444) ahead of schedule due to a bank strike.

Value
₹949.5 Cr
21:54 IST NSE
Business Update

Piramal Finance Business Update

Piramal Finance disclosed FY26 insurance commission income of Rs. 200 Crore and discussed potential impacts of recent IRDAI draft regulations on future insurance distribution economics.

14:57 IST NSE
Debt & Borrowing

Piramal Finance Debt & Borrowing: ₹6.22 Cr

Piramal Finance certified timely interest payment of ₹6.22 Crore on two NCD tranches under Reg 57. Monthly coupon payments were made on 21 September 2026.

Value
₹6.22 Cr
11:17 IST BSE
Debt & Borrowing

Piramal Finance Debt & Borrowing

Piramal Finance Limited allotted Non-Convertible Debentures to investors on 21 September 2026. The filing does not disclose the specific allotment size or pricing details.