Piramal Finance Q3 FY26: AUM Grows 23% to ₹96,690 Cr, PAT Above ₹1,000 Cr
Piramal Finance's Q3 FY26 results show AUM growth of 23% to ₹96,690 crore. Nine-month PAT exceeded ₹1,000 crore. The company received an AA+ credit rating from CRISIL and plans to monetize its Sriram Life Insurance stake for ₹600 crore. Retail AUM grew 35% to ₹53,958 crore. Expansion includes 100 new branches in Q4.
The substantial AUM growth, significant profit increase, credit rating upgrade, and strategic initiatives like stake monetization and branch expansion are material events that are likely to have a significant impact on the company's financial health and market position.
The company reported strong AUM growth, significant PAT increase, a credit rating upgrade, and reaffirmed its financial targets. These positive developments indicate a favorable financial performance and outlook.
Piramal Finance Limited announced its financial results for the quarter and nine months ended December 31, 2025. The company reported a strong performance with total Assets Under Management (AUM) growing by 23% year-on-year to ₹96,690 crore. The consolidated Profit After Tax (PAT) for the nine months of FY26 stood above ₹1,000 crore, a significant increase from ₹383 crore in the same period of FY25.
The company also received an AA+ rating for its long-term debt from CRISIL, which is expected to be pivotal for its business scale-up and profitability. Piramal Finance announced the monetization of its stake in Sriram Life Insurance for ₹600 crore, expected to conclude in Q4 FY26, with further investment monetizations anticipated.
The retail AUM grew by 35% year-on-year to ₹53,958 crore, comprising 56% of the total AUM. The Mortgage business, including housing loans and LAP, contributed significantly. Wholesale 2.0 AUM grew by 35% year-on-year to ₹12,047 crore. The company plans to expand its branch network by opening approximately 100 branches in Q4 FY26, focusing on microfinance and gold loan segments.
Profitability drivers include an increased Return on AUM for the Growth business to 1.9% and leverage at 3.5x. The 9-month Growth business Profit Before Tax (PBT) crossed ₹1,000 crore. Credit risk outcomes remained stable with 90-day delinquencies flat quarter-on-quarter and credit costs down 10 basis points. The company reaffirmed its FY26 targets for AUM growth and profitability, expressing confidence in meeting these goals.
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Piramal Finance Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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