Piramal Finance Q2 FY27: PAT Surges 67% to ₹545 Cr, AUM Grows 24% to ₹1.13 Lac Cr
Piramal Finance reported Q2 FY27 PAT of ₹545 Cr, up 67% YoY. Total AUM reached ₹1.13 lac Cr, up 24% YoY, with Retail AUM at ₹97,462 Cr (up 30% YoY). The company raised ₹3,850 Cr through QIP and preferential allotment. NIM was 6.5%. GNPA was stable at 2.4%.
The significant increase in PAT and AUM, coupled with strategic capital raising and positive operational metrics, indicates a strong financial performance and positive outlook for Piramal Finance, which is likely to have a high impact on investor sentiment and the company's valuation.
The company reported strong year-on-year growth in profit after tax (PAT) and assets under management (AUM), along with improved operational efficiency and stable asset quality. The successful capital raise further strengthens the company's financial position.
Piramal Finance Limited announced its financial results for the second quarter and first half of fiscal year 2027 (Q2 FY27). The company reported a significant 67% year-on-year increase in Profit After Tax (PAT), reaching ₹545 Crore. Total Assets Under Management (AUM) grew by 24% year-on-year to ₹1,13,112 Crore, with Retail AUM showing a strong 30% year-on-year growth to ₹97,462 Crore.
The Net Interest Margin (NIM) stood at 6.5%, a 35 basis points increase year-on-year and stable quarter-on-quarter. The company's operational efficiency improved, with the cost-to-income ratio declining to 52.1% from 61.2% in Q2 FY26. Asset quality remained stable, with Gross Non-Performing Assets (GNPA) at 2.4% and a credit cost of 1.5% for the growth business.
During the quarter, Piramal Finance successfully raised ₹3,850 Crore in capital, 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's long-term goals include achieving over 3% RoAUM, doubling AUM in approximately three years, and maintaining stable earnings with a target of ₹1.5 lac Crore AUM by March 2028.
The company also highlighted the successful integration and value creation from the DHFL merger, which occurred five years ago. Piramal Finance has generated over ₹3,000 Crore in P&L gains from recoveries in the DHFL's stressed book and has significantly scaled up its retail lending business, with AUM growing five-fold and the branch network expanding threefold since the merger. The company is on track to meet all its FY27 targets, including a 25% YoY growth in total AUM and a 50% YoY growth in consolidated PAT.
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