Piramal Finance Limited reported a Profit After Tax (PAT) of Rs 461 crore for the quarter ended June 30, 2026, marking a 67 per cent year-on-year increase. The company’s Assets Under Management (AUM) grew 25 per cent year-on-year to Rs 1,06,940 crore, supported by a 32 per cent rise in Growth AUM, excluding the discontinued legacy business.
The company’s Board has also approved a fund raise of up to Rs 4,000 crore, which it plans to undertake at an appropriate time following shareholder approval.
Retail disbursements increased 44 per cent year-on-year to Rs 12,527 crore, while the company’s branch network expanded to 780 branches across 607 cities in 26 states. Its customer base grew 24 per cent year-on-year to 6 million.
Commenting on the results, Anand Piramal, Chairman, Piramal Finance Limited, said, “Our performance in the first quarter reflects the strength of the franchise we have built over the past few years. While Piramal Finance is the youngest among India’s Upper Layer NBFCs, we have already established a diversified retail franchise serving nearly six million customers across Bharat by combining the reach of our physical network with technology and AI embedded across every aspect of our operations.
We believe the agility of a young institution, coupled with meaningful scale, a diversified portfolio and balance sheet strength, creates a distinctive platform for sustained growth and continued profitability expansion. The encouraging start to FY27 reinforces our confidence in delivering the guidance on AUM growth, PAT growth and RoAUM that we shared at the beginning of the year. As we continue to grow, our focus remains on building a trusted financial institution that delivers long-term value for customers, employees and stakeholders.”
Retail AUM rose 32 per cent year-on-year to Rs 91,249 crore, accounting for 85 per cent of total AUM, while wholesale AUM increased 27 per cent to Rs 13,238 crore. Mortgage AUM grew 30 per cent year-on-year to Rs 61,199 crore.
The company reported a Net Income Margin of 6.5 per cent, up 47 basis points year-on-year, while the cost-to-income ratio improved to 52.5 per cent from 65.6 per cent a year ago. Growth business RoAUM improved to 1.9 per cent, while growth business credit cost remained stable at 1.6 per cent.
Asset quality remained stable, with Gross Non-Performing Assets (GNPA) at 2.4 per cent and Net Non-Performing Assets (NNPA) at 1.6 per cent. The company reported a net worth of Rs 28,906 crore, supported by cash and cash equivalents of Rs 6,925 crore.
Piramal Finance also highlighted the growing role of Piramal.ai across its operations. AI token usage increased more than fivefold year-on-year to 320 billion tokens during the quarter. AI analysed around 2.30 lakh bank statements, identified over 18 lakh fraud cases, and increased AI-driven collections to Rs 1,019 crore per month, compared with Rs 84 crore in the corresponding period last year.
The company said AI now resolves around 43 per cent of inbound customer emails, contributes to 32 per cent of customer onboarding, while 57 per cent of overall code is now written using AI, helping improve productivity across underwriting, collections, customer service, compliance and hiring.
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