Piramal Finance Q1 FY27: PAT ₹461 Cr (+67% YoY), AUM ₹1,06,940 Cr (+25% YoY)
Piramal Finance reported Q1 FY27 PAT of ₹461 Crore, up 67% YoY. AUM grew 25% YoY to ₹1,06,940 Crore, with Retail AUM up 32% YoY to ₹91,249 Crore. NIM was 6.5%. The company highlighted stable asset quality and strategic AI initiatives.
The significant year-on-year growth in PAT and AUM, along with stable asset quality, are material financial results that are likely to have a high impact on investor sentiment and the company's stock performance.
The company reported strong year-on-year growth in profit after tax (PAT) and assets under management (AUM), along with stable asset quality and improved margins, indicating positive financial performance.
Piramal Finance Limited announced its Q1 FY27 results, reporting a Profit After Tax (PAT) of ₹461 Crore, marking a significant 67% year-on-year increase. The company's Assets Under Management (AUM) grew by 25% YoY to ₹1,06,940 Crore.
The Net Interest Margin (NIM) stood at 6.5%, up 47 basis points YoY. The Net Interest Income (NII) saw a 43% YoY increase to ₹1,442 Crore. Operating expenses increased by 10% YoY, while Pre-Provision Operating Profit (PPOP) surged by 89% YoY to ₹804 Crore.
Asset quality remained stable with Gross Non-Performing Assets (GNPA) at 2.4% and Net Non-Performing Assets (NNPA) at 1.6%. The company's Retail AUM grew by 32% YoY to ₹91,249 Crore, contributing 85% to the total AUM. Wholesale AUM increased by 27% YoY to ₹13,238 Crore.
Piramal Finance also highlighted its strategic initiatives, including the continued expansion of its branch network and the increasing use of AI across its operations. The company launched its AI-powered investor relations agent, Pia (Piramal Investor Assistant).
A plain-language summary of a public exchange filing by Piramal Finance Limited. Read the original for the full detail.