Piramal Finance Q3 FY26: AUM surges 23% YoY to ₹96,690 Cr; PAT up 940% YoY to ₹401 Cr
Piramal Finance reported Q3 FY26 results with AUM at ₹96,690 Cr, up 23% YoY. PAT surged 940% YoY to ₹401 Cr. NIM improved to 6.3%, and RoAUM for growth business was 1.9%. The company targets ₹1.5 lakh crore AUM by FY28 and has received an AA+ rating from CRISIL.
The substantial year-on-year growth in key financial metrics like AUM and PAT, coupled with a strong credit rating upgrade and new funding, suggests a significant positive impact on the company's financial standing and investor confidence.
The results show significant year-on-year growth in AUM and PAT, improved NIM, and stable asset quality, indicating strong financial performance and positive business outlook.
Piramal Finance Limited announced its Unaudited Financial Results for the quarter and nine months ended December 31, 2025. The company's consolidated Assets Under Management (AUM) grew by 23% year-on-year to ₹96,690 crore, with the Growth AUM up by 34% year-on-year, now constituting 95% of the total AUM.
Consolidated Profit After Tax (PAT) saw a significant jump of 940% year-on-year, reaching ₹401 crore. The Growth business PBT (Profit Before Tax) for the nine months ended December 31, 2025, stood at ₹1,066 crore. The Net Interest Margin (NIM) increased by 51 basis points year-on-year to 6.3%, while Retail opex-to-AUM declined by 10 basis points quarter-on-quarter to 3.8%. Asset quality remained stable with Total GNPA flat and Growth business credit cost down 10 bps QoQ to 1.6%.
The company's Return on Average AUM (RoAUM) for the Growth business was 1.9%, up from 1.7% in Q2 FY26. Leverage, measured by AUM/Equity, stood at 3.5x. In December 2025, Piramal Finance announced the monetization of its Shriram Life Insurance stake for ₹600 crore. Furthermore, in January 2026, CRISIL assigned an AA+ rating to its long-term debt, and the company secured inaugural $350 million DFI funding from IFC and ADB.
The company reiterated its commitment to bringing Legacy AUM below ₹35 billion by March 2026, with Legacy AUM having decreased by 49% year-on-year to ₹5,230 crore, now representing 5% of the total AUM.
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