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Earnings Call

Piramal Finance Earnings Call: Key Takeaways

Piramal Finance met FY26 targets with Total AUM crossing ₹1 lakh Cr, driven by 85% retail share and strong profitability. Strategic shift to 'High Tech + High Touch' model is largely complete.

Why this was an Alfa AlertNot a filter event. Management met the guided FY26 range (₹1,300-1,500 Cr PAT) with ₹1,506 Cr, a beat of <1% above the upper bound.
Highlights
Revenue growthFY26 Total Income up 22% YoY to ₹5,601 Cr.
MarginsConsol NIM improved to 6.5%; Retail opex-to-AUM declined to 3.6%.
Demand visibilityStrong retail demand across housing, LAP, and digital loans.
Management confidenceHigh; citing credit rating upgrades and meeting all FY26 guidance targets.

Growth

FY26 Consol. PAT reached ₹1,506 Cr (up 210% YoY). Total AUM grew 25% YoY to ₹1,01,230 Cr; Growth AUM up 33% YoY.

Outlook

FY27 Guidance: ~25% AUM growth and ~50% profit growth. Target RoAUM of ~2.5%. Aiming for ₹1.5 lakh Cr AUM by FY28.

Risks

Legacy AUM still ₹2,807 Cr; microfinance asset quality event noted; high employee attrition (though declining); competitive retail lending market.

Last quarter's promises, checked

Delivered

  • Legacy AUM reduction target ₹3,000-3,500 Cr → delivered ₹2,807 Cr (= BEAT)
  • Consolidated PAT target ₹1,300-1,500 Cr → delivered ₹1,506 Cr (= BEAT)
  • Growth AUM target 30% → delivered 33% (= BEAT)

Partly delivered

  • Branch expansion target 100 new branches → delivered 108 branches across urban/gold/rural (= BEAT)
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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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.

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Piramal Finance Debt & Borrowing: ₹487.4 Cr

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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.

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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.

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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.