Piramal Finance Investor Presentation: Q2 FY26 Results & Growth Outlook
Piramal Finance reported Q2 FY26 consolidated PAT of ₹327 Cr, up 101% YoY, with AUM at ₹91,447 Cr (up 22% YoY). Retail AUM grew 36% YoY. The company targets over 3% RoAUM and doubling AUM in ~3 years, projecting ₹1.5 Lakh Cr AUM by FY28. AI integration is key to its strategy.
The investor presentation contains detailed financial results, strategic outlook, growth targets, and operational highlights, which are material information for investors and analysts.
The company reported strong year-on-year growth in PAT and AUM, with positive outlook and strategic initiatives like AI integration contributing to a positive sentiment.
Piramal Finance Limited has released its investor presentation for Q2 FY26, highlighting strong performance and future growth strategies.
The company reported a consolidated Profit After Tax (PAT) of ₹327 Crore for Q2 FY26, marking a significant 101% year-on-year increase. Consolidated Assets Under Management (AUM) grew by 22% year-on-year to ₹91,447 Crore. Retail AUM saw a robust 36% year-on-year increase, now constituting 82% of the total AUM, while Wholesale 2.0 AUM grew by 43% year-on-year.
The presentation emphasizes Piramal Finance's 'blueprint for value creation,' focusing on building a future-proof, AI-native company. Key targets include achieving a Return on Average Assets Under Management (RoAUM) of over 3% and doubling AUM in approximately three years, with a projected total AUM crossing ₹1.5 Lakh Crore by FY28. The company is also revising its Retail Operating Expense-to-AUM target lower to 3.25-3.75% and aims for a 25 bps reduction in Opex guidance.
AI integration is a significant theme, with initiatives like 'ARYA' (an in-house AI assistant) driving productivity and efficiency across various functions, including credit assessment, customer onboarding, and risk management. The company reported that AI now contributes to over 48% of its overall code.
Asset quality remains stable, with a 90+ days past due (DPD) ratio for the retail segment at 0.8% (stable QoQ). The growth business's credit cost was reported at 1.7%, stable quarter-on-quarter.
Piramal Finance also detailed its business snapshot, with Retail AUM at ₹74,704 Crore and Wholesale 2.0 AUM at ₹11,295 Crore. The legacy (discontinued) business AUM has significantly reduced to ₹5,448 Crore, representing just 6% of the total AUM.
The company is well-capitalized with a Debt-to-Equity ratio of 2.6x and a Capital Adequacy ratio of 20.7%. Cash and liquid investments stand at ₹7,238 Crore. The presentation also provided an outlook for FY26, targeting a total AUM growth of 25% YoY, growth AUM growth of 30% YoY, and retail share in total AUM of 80-85%.
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