Piramal Finance reported a 67% year-on-year increase in consolidated net profit to ₹461 crore for the quarter ended June 2026. The NBFC also announced it will host an analyst and institutional investor meeting on September 21, 2026.

**Piramal Finance** posted the results alongside an update on its asset under management (AUM) and operational metrics. The company’s growth book return on AUM (RoAUM) stood at 1.9%, up from 1.5% in the same period last year.

Financial Highlights

The lender saw significant improvement in its top-line and bottom-line figures compared to the previous fiscal period. Pre-provision operating profit (PPOP) surged by 89% to ₹804 crore, reflecting strong operating leverage as total income grew faster than operating expenses.

Net interest income expanded by 43% to ₹1,442 crore, supported by a 27% rise in interest income to ₹3,179 crore. Interest expense grew at a slower pace of 16% to ₹1,736 crore. Loan loss provisions increased by 127% to ₹460 crore, partly due to ECL rebalancing impacts noted in the prior year comparison.

What the Numbers Show

The divergence between total income growth (37%) and operating expense growth (10%) highlights the impact of scale efficiency. Operating expenses rose only marginally to ₹889 crore despite the substantial expansion in income, driving the sharp 89% jump in PPOP. This indicates that the cost-to-income ratio is improving significantly as the business scales.

Asset Growth and Mix

Total AUM grew by 25% year-on-year to reach ₹1,06,940 crore. Retail AUM, which constitutes the bulk of the portfolio, expanded by 32% to ₹91,249 crore. Wholesale lending AUM also saw robust growth of 27% to ₹13,238 crore.

The retail portfolio remains diversified across housing loans, loan against property (LAP), and unsecured products. Housing loans accounted for 31% of the retail mix, followed by LAP at 26%. The company maintained stable asset quality with gross NPA at 2.4%, down from 2.8% in Q1FY26.

Analyst Meeting Schedule

Pursuant to SEBI Listing Regulations, Piramal Finance has scheduled an interaction with investors:

• Date: September 21, 2026
• Event: Citi India Financials Investor Forum
• Venue: Virtual

The company noted that the date is subject to change based on exigencies. An investor presentation covering the Q1FY27 results was enclosed with the intimation.

Piramal Finance has received committee approval for the issuance of non-convertible debentures (NCDs) worth up to ₹2,000 crore. The instruments will carry a coupon rate of 8.57% per annum and have a tenure of 3 years and 45 days.

NCD issuance details

The approval was granted by the Committee of Directors (Administration, Authorisation & Finance) during its meeting held on September 8, 2026. The company is authorised to raise funds through secured, rated, listed, and redeemable NCDs on a private placement basis via an Electronic Book Building (EBP) process.

The issue comprises a base size of ₹500 crore along with an oversubscription option (green shoe) of up to ₹1,500 crore, aggregating to the total approved amount of ₹2,000 crore. Each debenture has a face value of ₹1,00,000.

The debentures are proposed to be listed on the Wholesale Debt Market (WDM) of the BSE and NSE within three working days from the closing of the issue, with NSE designated as the primary stock exchange. Interest payments are payable annually and on the redemption date.

In the event of default in payment of interest or principal for more than three months, the company will be liable to pay additional interest at 2% per annum over the applicable coupon rate until the default is cured.