| Margins | Stable AUM yield at 13.6% (excl. fee income). |
|---|---|
| Demand visibility | Strong growth in unsecured (49-67% YoY) and used car loans (32%). |
| Management confidence | High; citing credible team and solid promoter backing. |
Growth
Retail AUM grew 32% YoY; Retail disbursements surged 44% YoY. Mortgages grew 30% YoY, forming 67% of retail book.
Outlook
Targeting 200 gold loan branches by end-FY27. Guided for continued Opex reduction (25 bps reduction in guidance to 3.5% range).
Risks
90+ DPD for Rural micro loans at 0.6% (improving but high vintage risk). Legacy AUM remains at 2%.
Last quarter's promises, checked
Delivered
- Guided 25 bps Opex reduction → delivered 3.5% range (= BEAT)
- Guided Retail AUM growth → delivered 32% YoY (= BEAT)
- Guided Legacy AUM reduction → delivered ~2% of total AUM (= BEAT)
Investor Presentation filed with NSE, NSE: PIRAMALFIN. Summary written with AI assistance from the document.
Piramal Finance Ltd: key numbers
- Share price
- ₹1,803.80
- Market cap
- ₹42,683 Cr
- Revenue (annual)
- ₹11,852 Cr
- Net profit (annual)
- ₹1,504 Cr
- P/E (TTM)
- 22.5×Sector 19.7×
- 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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