📈 Live Market Tracking
Every NSE and BSE corporate filing, read and explained by AI within minutes — impact, key figures, short/long-term view and what to watch.
Live · AI analyzer runs every 5 min (07:00–23:55 IST)
0 analysed today
FollowTelegram
0
Today
152,139
All-time analysed
43,645
Positive
6,747
Negative
92,898
Neutral
8,781
Watch
📊 Last 7 days — analysed filings by sentiment
Note: These are AI-generated, educational summaries of public NSE
filings — grounded in each document, but not investment advice and possibly incomplete.
Verify against the original filing and consult a SEBI-registered adviser before acting.
93 announcements match the current filters (relevance ≥ 5).
67% PAT Growth in Q1 FY27; Retail AUM Reaches ₹91,249 Cr
Piramal Finance reported a strong Q1 FY27 with PAT increasing 67% YoY to ₹461 Cr. Total AUM grew 25% YoY to ₹1,06,940 Cr, primarily driven by a 32% surge in the retail segment, which now constitutes 85% of the total mix. Asset quality showed improvement with Gross NPA (GNPA) at 2.4% compared to 2.8% in Q1 FY26. The company also announced international roadshows in Hong Kong and Singapore scheduled for mid-August 2026 to engage with institutional investors.
Confidence: HIGH
What changedThe company has successfully shifted its portfolio mix to 85% retail (up from 80% a year ago) and significantly reduced its cost-to-income ratio from 65.6% to 52.5% YoY.
Why it mattersThe results demonstrate successful execution of the post-merger strategy, showing that the company can scale its retail 'Bharat' market focus while improving operational efficiency and asset quality.
Total AUM: ₹1,06,940 CrPAT (Q1 FY27): ₹461 CrNet Interest Margin: 6.5%Debt-to-Equity Ratio: 2.8xCost of Borrowing: 8.8%Cash & Equivalents: ₹6,925 Cr
📅 Short termThe strong earnings growth and upcoming international roadshows (Aug 10-13) are likely to support positive sentiment in the near term.
📈 Long termThe company is on track with its long-range goal to double AUM in ~3 years and achieve a RoAUM of >3% by focusing on granular retail and mid-market wholesale lending.
⚠ Risk flags
- Legacy wholesale book (Wholesale 1.0) still represents a small portion of assets that requires monitoring
- Sensitivity to systemic interest rate hikes given the 8.8% cost of borrowing
Key Highlights
PAT increased 67% YoY to ₹461 Cr for the quarter ended June 2026
Retail AUM grew 32% YoY to ₹91,249 Cr, now making up 85% of the total portfolio
Net Interest Margin (NIM) expanded by 47 bps YoY to 6.5%
Retail opex-to-AUM ratio improved significantly, dropping 66 bps YoY to 3.5%
Gross NPA reduced to 2.4% from 2.8% in the same quarter last year
👀 What to Watch
Investors should monitor the company's ability to maintain the 1.9% RoAUM in its growth business and track the progress of the 'Wholesale 2.0' book which currently has 0% Stage 3 assets.
67% PAT Growth to ₹461 Cr; Retail AUM Surges 32% to ₹91,249 Cr in Q1 FY27
Piramal Finance reported a strong Q1 FY27 with PAT rising 67% YoY to ₹461 Cr, driven by robust retail growth and improving margins. Total AUM reached ₹1,06,940 Cr, with the retail segment now comprising 85% of the mix compared to 80% a year ago. Net Interest Margin (NIM) improved by 47bps YoY to 6.5%, while retail opex-to-AUM declined to 3.5%. Asset quality remained stable with GNPA at 2.4% and retail 90+ DPD at 0.7%.
Confidence: HIGH
What changedThe company has successfully shifted its portfolio mix towards retail (85%) and improved profitability metrics (RoAUM and NIM) while scaling total AUM by 25% YoY.
Why it mattersThis demonstrates successful execution of the post-merger strategy, focusing on granular retail lending and AI-driven productivity to drive operating leverage and higher returns.
PAT (Q1 FY27): ₹461 CrTotal AUM: ₹1,06,940 CrRetail AUM Growth: 32% YoYNet Interest Margin: 6.5%GNPA: 2.4%Debt to Equity: 2.8x
📅 Short termPositive sentiment is expected as the company shows strong bottom-line growth and margin expansion despite a stable cost of borrowing.
📈 Long termThe structural shift to a retail-heavy NBFC with a target to double AUM in approximately 3 years appears on track, supported by declining opex and stable asset quality.
⚠ Risk flags
- Sensitivity to systemic interest rate hikes affecting the 8.8% cost of borrowing
- Residual legacy wholesale book (2% of AUM) remains a potential provisioning risk
Key Highlights
PAT increased 67% YoY to ₹461 Cr for the quarter ended June 2026
Retail AUM grew 32% YoY to ₹91,249 Cr, now representing 85% of total AUM
Net Interest Margin (NIM) expanded 47bps YoY to 6.5%, with Cost of Borrowing stable at 8.8%
Retail opex-to-AUM ratio improved significantly, dropping 66bps YoY to 3.5%
Growth business RoAUM improved to 1.9% from 1.5% in Q1 FY26
👀 What to Watch
Monitor the continued reduction in opex-to-AUM towards the long-range goal and the stability of the wholesale book, where Stage 2+3 assets are currently below 0.2%.
67% YoY PAT Growth to ₹461 Cr and ₹4,000 Cr Fundraise Approval
Piramal Finance reported a strong Q1 FY27 with PAT rising 67% YoY to ₹461 cr, driven by a 32% growth in its core 'Growth AUM' which now constitutes 98% of the total ₹1,06,940 cr book. The company is successfully transitioning from legacy wholesale assets to a retail-heavy model (85% of AUM) with stable asset quality, evidenced by Retail 90+ DPD at 0.7%. Management announced a board-approved enabling resolution to raise up to ₹4,000 cr to support rapid growth. Profitability improved significantly with ROAUM of the growth business reaching 1.9% compared to 1.5% a year ago.
Confidence: HIGH
What changedThe company has nearly completed its transition away from legacy wholesale assets (now only 2% of AUM) and is scaling its retail and 'Wholesale 2.0' books aggressively.
Why it mattersImproved ROAUM (1.9%) and increasing leverage (3.7x) indicate the business model is becoming more capital-efficient as it scales toward its 4.5-5x leverage target, supporting higher ROE.
Total AUM: ₹1,06,940 crPAT Growth (YoY): 67%Proposed Fundraise: ₹4,000 crRetail 90+ DPD: 0.7%Cost of Borrowing: 8.80%Growth AUM ROAUM: 1.9%
📅 Short termPositive sentiment is expected due to strong PAT growth and stable asset quality despite industry-wide concerns in unsecured lending.
📈 Long termStructural shift to a retail-led NBFC with a diversified product mix and a target leverage of 4.5-5x suggests sustainable ROE improvement over the next 2-3 years.
⚠ Risk flags
- Early bucket delinquency signals in the salaried IT segment
- Execution risk in rapid gold loan branch expansion (targeting 200 branches)
- Sensitivity to wholesale funding market dislocations
Key Highlights
Total AUM reached ₹1,06,940 cr, representing a 25% YoY increase as of June 30, 2026
Net Profit (PAT) surged 67% YoY to ₹461 cr for the quarter
Growth AUM (continuing business) grew 32% YoY and now represents 98% of the total portfolio
Board approved a capital raise of up to ₹4,000 cr to fund future expansion
Retail 90+ day delinquencies remained stable and healthy at 0.7%
👀 What to Watch
Monitor the execution and pricing of the ₹4,000 cr fundraise and the impact of the recent AA+ rating upgrade on borrowing costs. Watch for any potential delinquency flow-through in the salaried IT segment as noted by management.
₹4,000 Crore Capital Raise: Piramal Finance Seeks Shareholder Approval via Postal Ballot
Piramal Finance has initiated a postal ballot to seek shareholder approval for raising up to ₹4,000 crore through various routes including QIP, rights issue, or private placement. The e-voting period is scheduled from July 19 to August 17, 2026, with results expected by August 19. This capital infusion is intended to support the company's strategy to double its AUM over the next three years, particularly focusing on its 'Wholesale 2.0' and 'Bharat' market expansion.
Confidence: HIGH
What changedThe company is transitioning from strategic planning to formal shareholder authorization for a major capital infusion of ₹4,000 crore.
Why it mattersFor a Housing Finance Company, capital is the primary raw material for growth; this raise is essential to fund the targeted 25-26% growth rate and the expansion of the 518-branch network.
Proposed Fundraise: ₹4,000 croreFundraise vs Dec 2025 Qtr Revenue: 134.4%Maximum QIP Discount: 5%Voting End Date: August 17, 2026Current Branch Network: 518
📅 Short termThe stock may see volatility as the market weighs the benefits of growth capital against the potential for equity dilution.
📈 Long termStructurally positive as it strengthens the balance sheet to support the 'Wholesale 2.0' strategy and retail expansion in Tier 2/3 cities.
⚠ Risk flags
- Equity dilution for existing shareholders
- Execution risk in deploying large capital in mid-market segments
- Sensitivity to systemic interest rate hikes
Key Highlights
Proposed capital raise of up to ₹4,000 crore through equity or other eligible securities.
E-voting period commences at 9:00 a.m. on July 19, 2026, and ends at 5:00 p.m. on August 17, 2026.
The Board may offer a discount of up to 5% on the floor price for any Qualified Institutions Placement (QIP).
Cut-off date for determining member eligibility for voting was Friday, July 10, 2026.
Final results of the postal ballot will be announced on or before Wednesday, August 19, 2026.
👀 What to Watch
Investors should monitor the voting outcome on August 19 and subsequent board decisions regarding the specific timing and pricing of the fundraise, as this will determine the extent of equity dilution.
₹461 Cr PAT (up 67% YoY) and ₹4,000 Cr Fundraise Approval
Piramal Finance reported a strong Q1 FY27 with Profit After Tax (PAT) growing 67% YoY to ₹461 Cr. Assets Under Management (AUM) crossed the ₹1 lakh crore milestone, reaching ₹1,06,940 Cr, driven by a 32% growth in the retail segment which now constitutes 85% of the total book. Operating leverage improved significantly as the cost-to-income ratio dropped to 52.5% from 65.6% YoY. The Board also approved a capital raise of up to ₹4,000 Cr to fuel further expansion.
Confidence: HIGH
What changedThe company has successfully pivoted to a retail-heavy model (85% of AUM) and achieved significant operating leverage through AI integration, reducing cost-to-income by over 1,300 bps YoY.
Why it mattersThe results demonstrate the successful integration of the DHFL acquisition and the transition into a granular, high-yield 'Bharat' focused lender with improving Return on Assets (RoAUM at 1.9% for growth business).
PAT (Q1 FY27): ₹461 CrAUM Growth (YoY): 25%Fundraise vs Net Worth: ~13.8%Gross NPA: 2.4%Cost of Borrowing: 8.8%Retail Disbursement Yield: 14.2%
📅 Short termThe stock is likely to react positively to the strong earnings growth and margin expansion, alongside the growth-oriented fundraise announcement.
📈 Long termThe structural shift toward a technology-led retail franchise and the expansion into Tier 2/3 cities (780 branches) positions the company for sustained AUM growth and improved profitability.
⚠ Risk flags
- Residual legacy wholesale book risks
- Sensitivity to systemic interest rate hikes affecting the 8.8% cost of funds
- Potential equity dilution from the proposed ₹4,000 Cr fundraise
Key Highlights
PAT increased 67% YoY to ₹461 Cr for Q1 FY27
Total AUM grew 25% YoY to ₹1,06,940 Cr, with Retail AUM up 32% to ₹91,249 Cr
Net Interest Margin (NIM) expanded by 47 bps YoY to 6.5%
Board approved a fundraise of up to ₹4,000 Cr, representing ~13.8% of current Net Worth
AI-driven monthly collections increased 12x YoY to ₹1,019 Cr per month
👀 What to Watch
Watch for the pricing and timing of the ₹4,000 Cr fundraise and the continued reduction of the legacy 'Wholesale 1.0' book which still influences overall credit costs.
Piramal Finance Q1 FY27: PAT Surges 67% to ₹461 Cr; Retail AUM Grows 32% YoY
Piramal Finance reported a strong Q1 FY27 with consolidated PAT rising 67% YoY to ₹461 Cr. The growth was primarily driven by the Retail segment, where AUM increased 32% YoY to ₹91,249 Cr, now representing 85% of the total loan book. Asset quality showed improvement with GNPA at 2.4% versus 2.8% a year ago, while Net Interest Margins (NIM) expanded by 47bps to 6.5%. The company is demonstrating operating leverage as retail opex-to-AUM fell to 3.5% from 4.2% YoY.
Confidence: HIGH
What changedThe company has successfully transitioned its portfolio mix to 85% retail (up from 80% YoY) and significantly reduced its legacy wholesale book to just 2% of total AUM.
Why it mattersThe results validate the post-merger strategy of building a granular, high-yield retail platform with improving RoAUM (now 1.9% for the growth business) and declining operating costs.
Consolidated PAT: ₹461 CrTotal AUM: ₹1,06,940 CrNet Interest Margin (NIM): 6.5%Gross NPA: 2.4%Debt-to-Equity Ratio: 2.8xRetail AUM vs Total AUM: 85.3%
📅 Short termThe stock is likely to react positively to the strong bottom-line growth and the visible improvement in operating leverage and asset quality.
📈 Long termThe company is on track with its long-range goal to double AUM in 3 years and achieve a RoAUM of over 3% by focusing on 'Bharat' markets and AI-native operations.
⚠ Risk flags
- Sensitivity to systemic interest rate hikes given the 8.8% cost of borrowing
- Execution risk in rapidly scaling new products like Gold Loans
Key Highlights
Consolidated PAT increased 67% YoY to ₹461 Cr for the quarter ended June 30, 2026.
Retail AUM reached ₹91,249 Cr, growing 32% YoY and now comprising 85% of total AUM.
Net Interest Margin (NIM) expanded to 6.5%, up 47 basis points from 6.03% in Q1 FY26.
Asset quality improved with GNPA reducing to 2.4% from 2.8% in the previous year.
Retail opex-to-AUM ratio declined by 66bps YoY to 3.5%, reflecting improved efficiency.
👀 What to Watch
Watch for the continued scale-up of the 'Wholesale 2.0' book and the execution of the new Gold Loan vertical, which aims to reach 200 branches by the end of FY27.
₹4,000 Crore Fundraise Approved and Q1 FY27 Results Released
Piramal Finance has approved a significant fundraise of up to ₹4,000 crore through various instruments including equity, NCDs, and convertible securities. This capital is intended to support the company's stated goal of doubling its AUM over the next three years, focusing on 'Wholesale 2.0' and retail expansion in Tier 2/3 cities. Alongside the fundraise, the board approved the unaudited financial results for the quarter ended June 30, 2026. The company's security cover remains stable with a ratio of 1.25 on a total asset base of ₹1,12,690.60 crore.
Confidence: HIGH
What changedThe board has formally authorized a ₹4,000 crore capital raise and approved the first-quarter financial results for the 2026-27 fiscal year.
Why it mattersThe ₹4,000 crore fundraise is a critical enabler for the company's aggressive AUM growth targets and its shift toward more granular, mid-market real estate and retail lending.
Fundraise Limit: ₹4,000 croreGross Loan Book: ₹90,202.54 croreTotal Assets: ₹1,12,690.60 croreTotal Debt: ₹83,552.24 croreSecurity Cover Ratio: 1.25
📅 Short termThe stock may see positive sentiment due to the growth capital approval, though the specific pricing and method of the fundraise will be key near-term triggers.
📈 Long termThis fundraise is structurally significant as it provides the liquidity needed to execute the 'Wholesale 2.0' strategy and expand the retail footprint in 'Bharat' markets over the next 2-3 years.
⚠ Risk flags
🔬 Flagged for deeper Multibagger analysis — view briefs →
- Potential equity dilution depending on the issuance method
- Interest rate sensitivity on the ₹83,552 crore debt book
- Execution risk in doubling AUM within the 3-year target
Key Highlights
Board approved raising up to ₹4,000 crore via equity, NCDs, or other equity-linked securities.
Total loan book (gross) reported at ₹90,202.54 crore as of June 30, 2026.
Total assets stood at ₹1,12,690.60 crore, providing a security cover ratio of 1.25 for pari-passu debt.
Investments including AIFs, G-Secs, and Mutual Funds totaled ₹10,097.89 crore.
Shareholder approval for the fundraise will be sought via a postal ballot notice.
👀 What to Watch
Monitor the specific mode of fundraising (equity vs. debt) to assess potential dilution risks versus growth leverage. Investors should also review the detailed Q1 FY27 earnings presentation for trends in Net Interest Margins (NIMs) and asset quality in the legacy Wholesale 1.0 book.
Piramal Finance assigned 'BBB' (Stable) international credit ratings by JCR and R&I
Piramal Finance has received new international credit ratings of 'BBB' (Stable) from Japan Credit Rating Agency (JCR) and Rating and Investment Information (R&I). These ratings are notably just one notch below India's sovereign rating of BBB+. The assignment reflects the company's successful transition to a retail-focused model, with AUM reaching ₹1 trillion in FY2026 and retail loans now comprising 85% of the portfolio. Strong capitalization is evidenced by a 19.8% Capital Adequacy Ratio, providing a significant buffer over the 15% regulatory requirement.
Confidence: HIGH
What changedPiramal Finance has obtained its first-time international issuer ratings of BBB (Stable) from two major Japanese agencies, JCR and R&I.
Why it mattersInternational ratings validate the company's business model pivot and improve its ability to diversify funding sources globally, potentially lowering the cost of funds which stood at 8.93% previously.
Total AUM (FY2026): ₹1 trillionRetail Portfolio Share: 85%Capital Adequacy Ratio: 19.8%Net Interest Margin (Q4 FY26): 6.5%Legacy Wholesale Exposure: 2.8%Liquidity Coverage Ratio: >900%
📅 Short termThe announcement is likely to be viewed positively by the market as it confirms the stability of the post-merger entity and its successful retail transition.
📈 Long termStructural improvement in the funding profile and a shift toward a granular, 82% secured retail book reduces long-term systemic risk compared to the legacy wholesale model.
⚠ Risk flags
- Limited track record in retail credit underwriting
- Lower initial profitability of newly established branches
- Sensitivity to systemic interest rate hikes
Key Highlights
AUM reached ₹1 trillion at the end of FY2026, marking a 25% year-on-year growth
Retail loans now constitute 85% of the portfolio, with legacy wholesale exposure reduced to just 2.8%
Capital Adequacy Ratio (CAR) stands at 19.8%, well above the regulatory mandate of 15%
Net Interest Margin (NIM) improved to 6.5% in the fourth quarter of FY2026
Branch network expanded to 701 branches by the end of FY2026, up from 301 in 2021
👀 What to Watch
Monitor the company's ability to utilize these international ratings to access cheaper overseas funding (External Commercial Borrowings). Investors should also track the profitability of the 701-branch network as newer branches mature over the next 2-3 years.
Piramal Finance Files NCLT Petition for Merger of 3 Subsidiaries
Piramal Finance Limited has filed a formal petition with the NCLT Mumbai Bench on July 4, 2026, to seek sanction for a scheme of amalgamation. The merger involves three transferor companies: Piramal Corporate Tower Private Limited, Piramal Agastya Offices Private Limited, and DHFL Investments Limited. This is a procedural step following board approvals in April and May 2026, aimed at consolidating group entities. The move continues the company's restructuring efforts following its major Rs 34,300 cr acquisition of DHFL in 2021.
Confidence: HIGH
What changedThe proposed merger of three subsidiaries has moved from the board-approval stage to the formal legal petition stage with the NCLT.
Why it mattersThis represents corporate simplification, absorbing real estate holding companies and the DHFL investment arm into the main operating entity to streamline the group structure.
NCLT Filing Date: July 4, 2026Number of Transferor Companies: 3Dec 2025 Quarterly Revenue: Rs 2,975.09 crHistorical DHFL Acquisition Value: Rs 34,300 cr
📅 Short termThe filing is a procedural regulatory requirement and is unlikely to trigger significant immediate price movement.
📈 Long termStructural consolidation helps in better capital allocation and reduces administrative costs associated with maintaining multiple legal entities.
⚠ Risk flags
- Regulatory/NCLT approval delays
Key Highlights
Filing of Company Petition with NCLT Mumbai Bench completed on July 4, 2026
Involves the merger of 3 entities into Piramal Finance Limited
Follows 3 previous intimations dated April 18, May 12, and May 26, 2026
Scheme filed under Sections 230 to 232 of the Companies Act, 2013
Application reference number is C.A. (CAA)/84/MB/2026
👀 What to Watch
Investors should track the NCLT hearing schedule and the final sanction order to determine the effective date of the merger and any impact on the consolidated balance sheet.
Rs 11 Dividend and NCD Issuance Approved at Piramal Finance 42nd AGM
Piramal Finance Limited (formerly Piramal Capital & Housing Finance) held its 42nd AGM on July 2, 2026, where shareholders approved a final dividend of Rs 11 per equity share for FY26. Key special resolutions were passed, including the authorization to issue Non-Convertible Debentures (NCDs) on a private placement basis to fund growth. Additionally, a resolution was approved for the potential conversion of loans into equity in the event of a default, providing a structural safeguard for lenders. The company remains focused on its 'Wholesale 2.0' strategy and retail expansion in Tier 2 and 3 cities.
Confidence: HIGH
What changedShareholders have formally ratified the FY26 financial performance, approved the dividend distribution, and provided the board with the mandate to raise debt capital via NCDs.
Why it mattersThe dividend provides a tangible return to shareholders, while the NCD authorization is critical for maintaining the company's 25-26% expected growth rate and its goal to double AUM within three years.
Final Dividend: Rs 11 per shareFace Value: Rs 2Dec 2025 Net Profit: Rs 401.01 crDec 2025 Revenue: Rs 2975.09 crAGM Date: July 2, 2026
📅 Short termThe stock may see positive sentiment due to the dividend approval and the formalization of FY26 results.
📈 Long termThe enabling resolutions for NCD issuance support the company's long-term strategy to scale its 'Wholesale 2.0' and retail platforms.
⚠ Risk flags
- Potential equity dilution if the 'Event of Default' conversion clause is triggered
- Sensitivity to interest rate hikes affecting the cost of NCD-based funding
Key Highlights
Final dividend of Rs 11 per equity share (Face Value Rs 2) approved for the financial year ended March 31, 2026
Special resolution passed for the issuance of Non-Convertible Debentures on a private placement basis
Approval granted for conversion of loan into equity or other capital in case of an Event of Default
Re-appointment of Mr. Anand Piramal as a Director, retiring by rotation
Adoption of Audited Financial Statements for FY26, following a Dec 2025 quarterly net profit of Rs 401.01 cr
👀 What to Watch
Investors should monitor the record date for the Rs 11 dividend payout and watch for upcoming NCD issuance announcements to assess the company's cost of borrowing and liquidity position.
Piramal Finance AUM Crosses ₹1 Lakh Cr in FY26; Retail Mix Hits 85% with PAT of ₹1,506 Cr
Piramal Finance has successfully transitioned to a retail-led NBFC, with retail now accounting for 85% of its ₹1,01,230 crore AUM as of March 2026. The company reported a consolidated PAT of ₹1,506 crore for FY26, meeting all key guidance targets including a growth business RoAUM of 2.1%. Asset quality remains stable with GNPA at 2.3% and legacy discontinued AUM reduced to less than 3% of the total book. With a strong capital adequacy of 19.8% and a massive tax shield of ₹24,600 crore in assessed losses, the company is well-positioned for its FY28 target of ₹1.5 lakh crore AUM.
Key Highlights
Total AUM grew 25% YoY to ₹1,01,230 Cr, with the Growth AUM segment increasing 33% YoY.
Consolidated PAT for FY26 reached ₹1,506 Cr, while Growth Business PBT stood at ₹1,560 Cr.
Domestic credit ratings were upgraded to AA+ by CRISIL, ICRA, and CARE during Q4 FY26.
Legacy discontinued AUM was reduced by 59% YoY to ₹2,807 Cr, now representing less than 3% of total AUM.
Retail 90+ DPD remains stable at 0.6%, reflecting strong underwriting despite rapid 45% CAGR in growth AUM since Mar-22.
👀 What to Watch
Investors should note the successful structural shift towards a granular retail book and the significant rating upgrades which lower borrowing costs. The company's low leverage of 3.6x and massive tax shield provide a clear path for sustainable ROE expansion toward FY28 targets.
Piramal Finance Reports FY26 Turnover of ₹11,852 Cr and Net Worth of ₹23,728 Cr in BRSR
Piramal Finance Limited (PFL) has released its Business Responsibility & Sustainability Report for FY 2025-26, following its merger with Piramal Enterprises Limited (PEL). The company reported a total turnover of ₹11,852.49 crore and a robust net worth of ₹23,728.33 crore. PFL now operates 701 offices across 26 states, focusing on retail lending, wholesale lending, and alternatives. While employee attrition remains high at 45.27%, it shows a steady downward trend from 55.52% in FY24.
Key Highlights
Reported total turnover of ₹11,852.49 crore and net worth of ₹23,728.33 crore for FY 2025-26.
The entity operates 701 offices across 26 states, with 98.88% of revenue from investing and financing.
Employee attrition rate improved to 45.27% in FY26, down from 55.52% in FY24.
Total workforce stands at 16,981 employees, with female representation at 11.78% and 25% at the Board level.
Customer grievances for the year totaled 4,168, with 150 complaints pending resolution at year-end.
👀 What to Watch
Investors should note the scale of the merged entity and the improving trend in employee retention. Monitor the company's ability to manage high customer grievance volumes as it expands its retail footprint in Tier 2 and 3 markets.
Piramal Finance Hits ₹1 Lakh Cr AUM Milestone; Reports FY26 PAT of ₹1,506 Cr
Piramal Finance has successfully transitioned into a retail-focused, AI-native NBFC following its merger with Piramal Enterprises. The company achieved a significant milestone by crossing ₹1 lakh crore in Assets Under Management (AUM) in FY2026, with retail lending now accounting for approximately 85% of the total book. Profit After Tax (PAT) stood at ₹1,506 crore, supported by a vast network of 701 branches and a customer base of 5.7 million. The firm is aggressively leveraging GenAI for underwriting and collections, reporting a 2x increase in operations productivity over two years.
Key Highlights
AUM crossed the ₹1,01,230 crore milestone in FY2026, driven by a strong retail-led franchise.
Reported a Net Profit (PAT) of ₹1,506 crore and maintains a robust Net Worth of ₹28,191 crore.
Retail Lending AUM reached ₹85,885 crore, while the legacy wholesale portfolio was significantly reduced to ₹2,807 crore.
Expanded physical presence to 701 branches across 568 cities, serving 5.7 million customers.
Implemented 50+ GenAI use cases, resulting in nearly doubled operations productivity with stable headcount.
👀 What to Watch
Investors should monitor the company's ability to maintain asset quality as it scales its retail and 'Wholesale 2.0' books. The successful reduction of the legacy portfolio and tech-led efficiency gains make it a strong long-term play in the NBFC sector.
Piramal Finance Declares Rs 11 Final Dividend; Sets June 12 as Record Date
Piramal Finance Limited has announced a final dividend of Rs. 11 per equity share for the financial year ended March 31, 2026, representing a 550% payout on the face value of Rs. 2. The company has fixed June 12, 2026, as the record date to determine eligible shareholders. The dividend is subject to approval at the 42nd Annual General Meeting scheduled for July 2, 2026. Payments will be processed after the AGM, following the deduction of applicable tax at source (TDS).
Key Highlights
Final dividend of Rs. 11 per equity share for FY 2025-26 (550% of face value).
Record date for dividend eligibility fixed as Friday, June 12, 2026.
42nd Annual General Meeting (AGM) to be held on July 2, 2026, via video conferencing.
Dividend payment is subject to shareholder approval and applicable TDS regulations.
The company has issued a specific communication regarding tax deduction procedures for shareholders.
👀 What to Watch
Investors interested in the dividend must ensure they hold the shares in their demat account before the record date of June 12, 2026. Shareholders should also check the company's TDS communication to submit necessary forms for lower tax deduction if applicable.
Piramal Finance Sets June 12 as Record Date for Rs 11 Per Share Final Dividend
Piramal Finance Limited has declared a final dividend of Rs. 11 per equity share for the financial year ended March 31, 2026. This represents a significant payout of 550% on the face value of Rs. 2 per share. The company has designated June 12, 2026, as the record date to identify eligible shareholders. Payment is subject to shareholder approval at the upcoming Annual General Meeting scheduled for July 2, 2026.
Key Highlights
Final dividend of Rs. 11 per equity share for FY 2025-26
Dividend payout represents 550% of the face value of Rs. 2 per share
Record date for dividend eligibility fixed as Friday, June 12, 2026
42nd Annual General Meeting (AGM) to be held on July 2, 2026
👀 What to Watch
Investors interested in the dividend should ensure they hold the shares before the ex-dividend date. The high payout ratio reflects the company's commitment to returning capital to shareholders.
Piramal Finance Declares Rs 11 Final Dividend; Sets June 12 as Record Date
Piramal Finance Limited has announced a final dividend of Rs. 11 per equity share for the financial year ended March 31, 2026. The dividend represents a 550% payout on the face value of Rs. 2 per share. The company has fixed June 12, 2026, as the record date to determine eligible shareholders. The 42nd Annual General Meeting is scheduled for July 2, 2026, where the dividend will be put forward for shareholder approval.
Key Highlights
Final dividend declared at Rs. 11 per equity share of face value Rs. 2 each
Dividend payout ratio stands at 550% for the financial year 2025-26
Record date for dividend eligibility is fixed as Friday, June 12, 2026
42nd Annual General Meeting (AGM) to be held on July 2, 2026, via video conferencing
Dividend payment is subject to shareholder approval and will be processed after the AGM
👀 What to Watch
Investors interested in the dividend should ensure they hold the shares before the record date of June 12, 2026. Long-term investors may view this 550% payout as a sign of healthy cash flow and commitment to shareholder returns.
Piramal Finance Hits ₹1 Lakh Cr AUM; FY26 PAT at ₹1,506 Cr with AA+ Rating Upgrade
Piramal Finance has successfully transitioned to a retail-led NBFC, with total AUM crossing the ₹1 lakh crore milestone in FY26, growing 25% YoY. The company reported a consolidated PAT of ₹1,506 crore for FY26, meeting its guidance, while the legacy wholesale book has been reduced to less than 3% of the total portfolio. Asset quality remains stable with a GNPA of 2.3%, and the growth business achieved a RoAUM of 2.1% in Q4 FY26. With a strong capital adequacy of 19.8% and recent credit rating upgrades to AA+, the firm is well-positioned for its target of ₹1.5 lakh crore AUM by FY28.
Key Highlights
Total AUM reached ₹1,01,230 Cr, up 25% YoY, with Retail now accounting for 85% of the mix.
Consolidated PAT for FY26 stood at ₹1,506 Cr, meeting management's guidance of ₹1,300-1,500 Cr.
Legacy (discontinued) AUM significantly reduced by 59% YoY to ₹2,807 Cr, now representing <3% of total AUM.
Domestic credit ratings upgraded to AA+ by CRISIL, ICRA, and CARE, reflecting improved business stability.
Growth business RoAUM improved to 2.1% in Q4 FY26 compared to 1.8% in Q4 FY25.
👀 What to Watch
The successful transition to a retail-heavy model and the drastic reduction of legacy assets represent a major de-risking event for the company. Investors should monitor the progress toward the FY28 target of ₹1.5 lakh crore AUM and >3% RoAUM as key valuation drivers.
Piramal Finance Hits ₹1 Lakh Cr AUM; Growth Business RoAUM at 2.1% in Q4 FY26
Piramal Finance (PFL) has successfully completed its business transformation, with total AUM crossing the ₹1,01,230 crore milestone as of March 2026, representing a 25% YoY growth. The company has pivoted to a retail-led model, with retail now comprising 85% of the total book, while legacy discontinued assets have been reduced to less than 3%. PFL met all its FY26 guidance targets, reporting a consolidated PAT of ₹1,506 crore and securing significant credit rating upgrades to AA+ from CRISIL, ICRA, and CARE.
Key Highlights
Total AUM reached ₹1,01,230 Cr, led by a 33% YoY increase in the Growth AUM segment.
Retail AUM stands at ₹85,885 Cr across 701 branches, with GNPA stable at 2.3% and NNPA at 1.6%.
Legacy AUM de-risked significantly, falling 59% YoY to ₹2,807 Cr, down from 66% of total AUM in Mar-22 to <3% in Mar-26.
Management set a long-term target (FY28) of ₹1.5 lakh Cr AUM and a RoAUM of >3%.
Strong liquidity position with ₹8,640 Cr in cash and equivalents and a Q4 average LCR of 450%.
👀 What to Watch
Investors should view the successful legacy book reduction and rating upgrades as a significant de-risking event. Focus should remain on the company's ability to scale its retail AUM to the ₹1.5 lakh crore target by FY28 while improving RoAUM toward the 3% goal.
NCLAT Dispenses Shareholder Meeting for Piramal Finance Merger with Three Subsidiaries
Piramal Finance Limited has received a favorable order from the NCLAT, allowing the company to skip the equity shareholders' meeting for the merger of three wholly-owned subsidiaries. The subsidiaries being merged include Piramal Corporate Tower, Piramal Agastya Offices, and DHFL Investments. The court accepted that since these are 100% owned subsidiaries, no new shares will be issued and the capital structure remains unaffected. The company maintains a robust financial profile with a post-merger net worth estimated at ₹23,449.63 Crores.
Key Highlights
NCLAT allows dispensation of shareholder meeting for the amalgamation of three wholly-owned subsidiaries.
Company reported standalone total assets of ₹1,09,542.43 Crores for the financial year ending March 31, 2026.
Post-merger net worth estimated at ₹23,449.63 Crores, slightly down from pre-merger ₹23,710.54 Crores.
Standalone Profit After Tax (PAT) for FY26 stood at ₹1,540.02 Crores.
No new shares will be issued as the entities are already 100% owned by Piramal Finance.
👀 What to Watch
This is a positive procedural development that will accelerate the corporate restructuring process without diluting equity. Investors should maintain their positions as the company streamlines its operations and consolidates its asset base.
Piramal Finance AUM Crosses ₹1 Lakh Cr in FY26; Retail Mix Hits 85%
Piramal Finance reported a strong FY26 performance with total AUM crossing the ₹1,01,230 crore milestone, representing a 25% YoY growth. The company has successfully transitioned to a retail-led model, with retail loans now accounting for 85% of the total portfolio compared to just 34% post-merger in 2021. Profitability is on an upward trajectory with a consolidated PAT of ₹1,506 crore for FY26 and a growth business RoAUM of 2.1% in Q4. Asset quality remains stable with GNPA at 2.3% and the legacy discontinued business reduced to less than 3% of the total AUM.
Key Highlights
Total AUM grew 25% YoY to ₹1,01,230 Cr, with Growth AUM rising 33% YoY to 97% of the total book.
Retail AUM now constitutes 85% of the portfolio, supported by a massive expansion to 701 branches.
Legacy discontinued business significantly de-risked, falling 59% YoY to ₹2,807 Cr.
Domestic credit ratings upgraded to AA+ by CRISIL, ICRA, and CARE during Q4 FY26.
Consolidated PAT for FY26 stood at ₹1,506 Cr with a healthy Capital Adequacy Ratio of 19.8%.
👀 What to Watch
Investors should view the successful transformation from a wholesale-heavy to a retail-led NBFC as a significant de-risking event. The company's clear roadmap to reach ₹1.5 lakh Cr AUM by FY28 with a target RoAUM of >3% suggests strong long-term value creation potential.
