Piramal Finance Q2 FY27 PAT Soars 67% to ₹545 Crore on Robust AUM Growth
Piramal Finance's Q2 FY27 PAT surged 67% YoY to ₹545 Crore. Total AUM grew 24% YoY to ₹1,13,112 Crore, with Retail AUM up 30% YoY to ₹97,462 Crore. The company raised ₹3,850 Crore via QIP and preferential allotment. NIM improved to 6.5%, and GNPA was stable at 2.4%. FY27 PAT growth is projected at ~50% YoY.
The significant increase in profitability (PAT up 67%), substantial AUM growth, successful capital infusion, and positive forward-looking guidance indicate a strong positive impact on the company's financial health and market position.
The company reported strong year-on-year growth in PAT, AUM, and key financial metrics like NIM, alongside stable asset quality and successful capital raising. These factors indicate positive financial performance and outlook.
Piramal Finance Limited announced its unaudited financial results for the quarter and half-year ended September 30, 2026. The company reported a significant 67% year-on-year increase in Profit After Tax (PAT) to ₹545 Crore. This growth was driven by a robust expansion in Assets Under Management (AUM), which grew by 24% year-on-year to ₹1,13,112 Crore. Retail AUM specifically saw a strong surge of 30% year-on-year, reaching ₹97,462 Crore.
The company also highlighted improvements in its Net Interest Margin (NIM), which stood at 6.5%, an increase of 35 basis points year-on-year. Operational efficiencies were evident with the retail opex-to-AUM ratio declining to 3.48%, down 41 basis points year-on-year, and the overall company cost-to-income ratio improving to 52.1% from 61.2% in the same period last year. Asset quality remained stable, with Gross Non-Performing Assets (GNPA) at 2.4% compared to 2.6% in Q2 FY26.
Piramal Finance also successfully raised ₹3,850 Crore in capital during the quarter, comprising a Qualified Institutional Placement (QIP) of ₹2,100 Crore and a preferential allotment of warrants worth ₹1,750 Crore to the promoter group. The company reiterated its commitment to achieving its long-range goals, including a target of ₹1.5 lac Crore AUM by March 2028 and an AUM-to-equity ratio of 4.5-5.0x by the same date. Looking ahead, Piramal Finance is on track to meet all its FY27 targets, including an estimated 50% YoY growth in consolidated PAT and a RoAUM of approximately 2.5% on an annualized exit basis.
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