Piramal Finance Q2 FY27 PAT Up 67% to ₹545 Crore; Welcomes Dinesh Kumar Khara
Piramal Finance reported a 67% year-on-year increase in Q2 FY27 PAT to ₹545 crore. Total AUM grew 24% to ₹1,13,112 crore. The company raised ₹3,850 crore in equity and welcomed Dinesh Kumar Khara as Independent Director. Growth AUM increased 30% YoY, and RoAUM for the Growth business reached 2%.
The substantial profit growth, significant equity raise, and the addition of a high-profile independent director are material events that are likely to have a significant impact on investor perception and the company's future prospects.
The company reported strong year-on-year growth in profit and assets under management, completed a significant equity fundraise, and welcomed an experienced independent director, all indicating positive momentum.
Piramal Finance Limited announced its unaudited financial results for the quarter and half-year ended September 30, 2026. The company's Profit After Tax (PAT) surged by 67% year-on-year to ₹545 crore in Q2 FY27, with the half-year PAT crossing the ₹1,000 crore mark. Total Assets Under Management (AUM) grew by 24% year-on-year to ₹1,13,112 crore, with the Growth AUM increasing by a robust 30% year-on-year.
The company also announced the appointment of Mr. Dinesh Kumar Khara as an Independent Director for a 5-year term. Mr. Khara, former CEO of SBI, brings extensive experience from his tenure where SBI's market cap grew significantly.
In Q2 FY27, Piramal Finance completed an equity fundraise of ₹3,850 crore, including a Qualified Institutional Placement (QIP) of ₹2,100 crore and a preferential allotment of warrants of ₹1,750 crore to the promoter group. The company highlighted the transformational impact of the DHFL merger five years ago, which has led to a 5x growth in AUM from ₹23,000 crore to ₹1.1 lakh crore for the Growth business.
The Return on AUM (RoAUM) for the Growth business increased to 2% annualized in Q2 FY27. The company's net income margin remained stable at 6.5%. Piramal Finance is actively managing its cost of borrowing, which has declined following domestic rating upgrades to AA+.
The company also detailed its progress in technology and AI adoption through its Piramal.ai initiative, focusing on enhancing customer experience and operational efficiency. Risk metrics across the portfolio remain stable, with retail 90-plus delinquency at 0.7%. Piramal Finance remains confident in meeting its near-term FY27 and medium-term guidance on growth, profitability, and stability.
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