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Earnings Call

Piramal Finance Earnings Call: Key Takeaways

Piramal Finance delivered strong growth in AUM and profitability, driven by retail expansion and AI-led productivity gains, despite surfacing stress in the South Indian IT segment.

Highlights
Revenue growthAUM grew 25% YoY; continuing growth business AUM up 32%.
MarginsNIMs flat QoQ at 6.5%; retail yields stable at 13.4%.
Demand visibilityStrong demand in mortgages and unsecured retail segments across Bharat markets.
Management confidenceBalanced; highly optimistic on retail AI but cautious on IT sector.

Growth

Growth AUM up 32% YoY; Net Profit rose 67% YoY to 461 Crore, highlighting strong retail momentum.

Outlook

Management reiterated FY27 guidance, aiming for 2.5% Return on AUM by year-end.

Risks

Rising delinquencies in Southern IT sector; potential yield compression from shift to higher ticket-size mortgages.

Last quarter's promises, checked

Delivered

  • Legacy book target INR 3,000-3,500 Cr → delivered INR 2,807 Cr (= BEAT)
  • Growth AUM target 30% → delivered 33% (= BEAT)
  • Consolidated Net Profit target INR 1,300-1,500 Cr → delivered INR 1,506 Cr (= BEAT)

Partly delivered

  • Branch expansion target 100 new branches → delivered 108 branches (= BEAT, but current call reports 79)
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.

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₹487.4 Cr
17:34 IST BSE
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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.

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.