Piramal Finance Q3 FY26 PAT Soars to ₹401 Cr, AUM Grows 23% YoY to ₹96,690 Cr
Piramal Finance reported a consolidated PAT of ₹401 Cr for Q3 FY26, a 10x YoY increase. AUM grew 23% YoY to ₹96,690 Cr. NIM expanded to 6.3%. The company announced the monetization of its Shriram Life Insurance stake for ₹600 Cr and secured US$350 million in DFI funding.
The substantial increase in profit, strong AUM growth, improved NIM, and positive corporate actions like stake monetization and securing significant DFI funding are material events that will likely have a high impact on the company's financial standing and investor perception.
The company reported significant year-on-year growth in PAT and AUM, along with an expansion in NIM and stable asset quality. Positive developments like stake monetization and new DFI funding further support a positive sentiment.
Piramal Finance Limited (Piramal Fin), a retail-led upper layer NBFC, announced its consolidated financial results for the Third Quarter (Q3) FY2026 ended 31st December 2025. The company reported a Profit After Tax (PAT) of ₹401 Cr, a significant 10x year-on-year increase from ₹39 Cr in Q3 FY25. Total Assets Under Management (AUM) grew by 23% YoY to ₹96,690 Cr, with the growth business AUM increasing by 34% YoY to ₹91,460 Cr.
The Net Interest Margin (NIM) expanded by 51 bps YoY to 6.3%. Asset quality remained stable with Gross Non-Performing Assets (GNPA) at 2.6% and Net Non-Performing Assets (NNPA) at 1.9%. The company's net worth stood at ₹27,872 Cr, with liquidity of ₹7,504 Cr in cash and liquid investments.
Key developments include the announced monetization of its Shriram Life Insurance stake for ₹600 Cr, expected to close in Q4 FY26. Additionally, CRISIL assigned a long-term debt rating of AA+ and the company secured US$350 million (approximately ₹2,915 Cr) in inaugural DFI funding from IFC & ADB.
Anand Piramal, Chairman, Piramal Finance Ltd., stated that the quarter capped a solid nine-month performance in FY26, with profitability strengthened by better margins, stable asset quality, and operating leverage. He also highlighted the CRISIL AA+ rating and the DFI funding as important milestones validating the business model and long-term direction.
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