Piramal Finance Q4 FY26 Profit Jumps 3X to ₹1,506 Crore, AUM Crosses ₹1 Lakh Crore
Piramal Finance's FY26 consolidated net profit surged 3x to ₹1,506 crore. Total AUM crossed ₹1 lakh crore, growing 25% YoY. Retail AUM grew 33% to ₹85,885 crore, forming 85% of total AUM. Legacy book reduced to <3%. Company targets 25% AUM growth and 50% profit growth in FY27.
The announcement details substantial financial performance improvements, strategic AUM mix transition, credit rating upgrades, and clear future growth targets, which are material to investors and the company's market position.
The company reported strong financial results, with a significant increase in net profit and AUM growth, surpassing targets. Positive outlook for the next fiscal year and successful reduction of legacy assets contribute to a positive sentiment.
Piramal Finance Limited announced its audited financial results for the quarter and financial year ended March 31, 2026. The company reported a consolidated net profit of ₹1,506 crore for FY26, a threefold increase year-on-year, surpassing its target of ₹1,300-1,500 crore. Total Assets Under Management (AUM) grew by 25% year-on-year to ₹1,01,230 crore, crossing the ₹1 lakh crore mark. The company successfully completed its AUM mix transition, with the legacy book reducing by 59% year-on-year to ₹2,807 crore, now constituting less than 3% of the total AUM. The retail business scaled up significantly, growing by 33% year-on-year to ₹85,885 crore, representing 85% of the total AUM.
In Q4 FY26, the retail asset quality improved across all products. The Wholesale 2.0 AUM grew by 38% year-on-year, with zero NPAs. The Growth business reported a Return on AUM (RoAUM) of 2.1% in Q4 FY26, up from 1.7% in Q4 FY25, and achieved a Profit Before Tax (PBT) of ₹495 crore. The company's domestic credit ratings were upgraded to AA+ by all three leading agencies. Piramal Finance also received deferred consideration proceeds of $148 million from the sale of Piramal Imaging and concluded the stake sale of Shriram Life Insurance for ₹600 crore. The company added ₹10,110 crore to its assessed tax losses, bringing the total to ₹24,600 crore.
Looking ahead to FY27, Piramal Finance expects approximately 25% growth in total AUM and a 50% increase in consolidated profits, targeting an RoAUM of 2.5%. The company is also focused on expanding its retail offerings, including gold loans and rural lending, and leveraging technology and AI for growth and productivity enhancement. The Wholesale 2.0 book stood at ₹12,538 crore, a 38% year-on-year growth, with zero NPAs.
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