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📊 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.
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147 announcements match the current filters (relevance ≥ 5).
Mallcom (India) FY26 Revenue Grows 10.5% to ₹520.7 Cr; Recommends ₹3 Dividend
Mallcom (India) Limited reported a 10.5% year-on-year growth in standalone revenue, reaching ₹52,070.04 Lakhs for the financial year ended March 31, 2026. However, the company's net profit (PAT) saw a significant decline to ₹3,134.33 Lakhs compared to ₹5,864.50 Lakhs in the previous fiscal year, leading to a drop in EPS from ₹93.98 to ₹50.23. The Board has recommended a final dividend of ₹3 per equity share (30% of face value) for FY 2025-26. Additionally, the company re-appointed M/s. Jha Yadav & Co. as Internal Auditors for FY 2026-27.
Key Highlights
Standalone Revenue from Operations grew 10.5% YoY to ₹52,070.04 Lakhs in FY26.
Net Profit for the full year declined by 46.5% to ₹3,134.33 Lakhs from ₹5,864.50 Lakhs in FY25.
Board recommended a final dividend of ₹3 per equity share of ₹10 each.
Q4 FY26 standalone revenue stood at ₹14,163.01 Lakhs with a PAT of ₹599.21 Lakhs.
Recognized additional gratuity liability of ₹14.38 Lakhs due to New Labour Codes implementation in Gujarat.
👀 What to Watch
Investors should investigate the causes behind the sharp decline in profitability despite revenue growth, focusing on rising operational costs or margin pressures. While the dividend provides a steady return, the earnings contraction warrants a cautious outlook until bottom-line stability is demonstrated.
Mallcom (India) Recommends ₹3 Dividend; FY26 Revenue Up 10.5% YoY Despite Profit Decline
Mallcom (India) Limited has recommended a final dividend of ₹3 per share (30% of face value) for FY 2025-26. The company reported a 10.5% growth in standalone revenue to ₹520.70 crore for the full year. However, standalone net profit witnessed a significant decline of 46.5%, falling to ₹31.34 crore from ₹58.65 crore in the previous fiscal year. This margin pressure is reflected in the EPS, which dropped from ₹93.98 to ₹50.23.
Key Highlights
Recommended a final dividend of ₹3 per equity share of ₹10 face value for FY 2025-26.
Standalone annual revenue from operations increased by 10.5% to ₹52,070.04 lakhs.
Standalone Net Profit (PAT) for the year fell sharply to ₹3,134.33 lakhs from ₹5,864.50 lakhs in FY25.
Domestic revenue saw strong growth of 16.8% YoY, reaching ₹23,098.41 lakhs.
Export revenue grew by 6% YoY to ₹28,971.63 lakhs, maintaining its position as the largest segment.
👀 What to Watch
Investors should exercise caution as the sharp decline in profitability despite revenue growth suggests significant margin pressure. Monitor management's commentary regarding rising operational costs and the impact of new labour codes on future earnings.
Mallcom (India) FY26 Revenue Rises 10.5% to ₹520 Cr; Recommends ₹3 Final Dividend
Mallcom (India) Limited reported a revenue of ₹520.70 crore for the financial year ended March 31, 2026, marking a 10.5% growth over the previous year. Despite the top-line growth, the company's net profit fell sharply by 46.5% to ₹31.34 crore, down from ₹58.64 crore in FY25. The Board has proposed a final dividend of ₹3 per share, subject to shareholder approval. The results reflect a mix of steady sales growth and significant margin pressure during the fiscal year.
Key Highlights
Total Revenue from operations increased to ₹52,070.04 Lakhs in FY26 from ₹47,094.04 Lakhs in FY25.
Net Profit (PAT) for the year decreased significantly to ₹3,134.33 Lakhs compared to ₹5,864.50 Lakhs in the prior year.
Recommended a final dividend of ₹3 per equity share of face value ₹10 each (30%).
Export revenue accounted for ₹28,971.63 Lakhs, representing approximately 55.6% of total sales.
Earnings Per Share (EPS) dropped to ₹50.23 for FY26 from ₹93.98 in FY25.
👀 What to Watch
While revenue growth is positive, the substantial drop in profitability is a major concern that requires further analysis of cost structures. Investors should monitor the impact of the new labor codes and the pending NCLT scheme of arrangement on future earnings.
Malu Paper Mills FY26 Revenue Rises 20% to ₹334 Cr; Net Loss Widens to ₹19.5 Cr
Malu Paper Mills reported a 20% year-on-year increase in total income to ₹334.05 crore for the financial year ended March 31, 2026. However, the company's bottom line remains under severe pressure, with the annual net loss widening to ₹19.53 crore from ₹12.13 crore in the previous year. While Q4 FY26 showed a sequential improvement in EBITDA to ₹4.69 crore, the overall financial health is concerning due to negative equity of ₹42.55 crore. The company has also appointed new Cost Auditors for the upcoming financial year.
Key Highlights
Total income for FY26 grew to ₹334.05 crore, up from ₹278.43 crore in FY25.
Annual net loss expanded to ₹19.53 crore, resulting in a negative EPS of ₹11.43.
Q4 FY26 net loss stood at ₹2.69 crore, a slight recovery from the ₹5.10 crore loss in Q3 FY26.
Other Equity is reported at a negative ₹42.55 crore as of March 31, 2026, indicating eroded net worth.
The Board approved the appointment of M/s. Deepak Khanuja & Associates as Cost Auditors for FY 2026-27.
👀 What to Watch
Investors should exercise high caution as the company is consistently loss-making and has significantly eroded its net worth. Monitor for any signs of operational turnaround or potential capital infusion to address the negative equity.
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.
Piramal Finance Crosses ₹1 Lakh Cr AUM; FY26 PAT Hits ₹1,506 Cr with AA+ Rating Upgrade
Piramal Finance has successfully transitioned to a retail-led NBFC, with retail now comprising 85% of its ₹1,01,230 Cr total AUM as of March 2026. The company met its FY26 targets, reporting a consolidated PAT of ₹1,506 Cr and a significant reduction in legacy AUM to less than 3% of the total book. Asset quality remains stable with a GNPA of 2.3%, while domestic credit ratings were upgraded to AA+ by CRISIL, ICRA, and CARE. Management has set a clear roadmap to reach ₹1.5 lakh Cr AUM and a RoAUM of over 3% by March 2028.
Key Highlights
Total AUM crossed the ₹1,01,230 Cr milestone, growing 25% YoY, led by a 33% growth in the 'Growth AUM' segment.
Retail AUM reached ₹85,885 Cr, a massive shift from just 34% of the mix in Sep-21 to 85% in Mar-26.
FY26 Consolidated PAT stood at ₹1,506 Cr, meeting the management guidance of ₹1,300-1,500 Cr.
Legacy (discontinued) business AUM reduced by 59% YoY to ₹2,807 Cr, significantly de-risking the balance sheet.
Strong capitalization with a Net Worth of ₹28,191 Cr and a Capital Adequacy Ratio of 19.8%.
👀 What to Watch
Investors should note the successful completion of the retail pivot and the significant rating upgrades which lower borrowing costs. The company's ability to meet FY26 targets and provide a clear FY28 roadmap makes it a strong candidate for long-term monitoring in the NBFC space.
Nilkamal Sets July 10, 2026, as Record Date for FY 2025-26 Final Dividend
Nilkamal Limited has officially fixed Friday, July 10, 2026, as the record date to determine shareholder eligibility for the final dividend for the financial year 2025-26. This follows the recommendation made by the Board of Directors during their meeting on May 14, 2026. Shareholders whose names appear in the company's Register of Members or depository records as of the record date will be eligible for the payout. The final dividend payment remains subject to approval by the shareholders at the upcoming Annual General Meeting.
Key Highlights
Record date for FY 2025-26 final dividend is fixed for July 10, 2026.
The dividend recommendation was finalized in the Board Meeting held on May 14, 2026.
Eligibility is based on the Register of Members or Depository records as of the close of the record date.
Final dividend payout is subject to shareholder approval at the ensuing Annual General Meeting.
👀 What to Watch
Investors looking to benefit from the dividend should ensure they hold the shares before the ex-dividend date. Existing shareholders should confirm their bank mandates are updated with their DPs for smooth dividend credit.
Piramal Finance AUM Crosses ₹1 Lakh Cr; FY26 PAT at ₹1,506 Cr with 25% YoY Growth
Piramal Finance achieved a major milestone in FY26, with total AUM crossing ₹1,01,230 Cr, marking a 25% YoY increase. The company has successfully pivoted to a retail-heavy model, with retail loans now comprising 85% of the portfolio. Financial performance was robust, delivering a consolidated PAT of ₹1,506 Cr and a growth business RoAUM of 2.1% in Q4. Legacy assets have been aggressively liquidated, now representing less than 3% of the total AUM.
Key Highlights
Total AUM reached ₹1,01,230 Cr, driven by 33% YoY growth in the core 'Growth' segment.
Consolidated PAT for FY26 reported at ₹1,506 Cr; Q4 NIM improved by 14bps YoY to 6.5%.
Legacy discontinued AUM reduced by 59% YoY to ₹2,807 Cr, minimizing balance sheet risk.
Domestic credit ratings upgraded to AA+ by CRISIL, ICRA, and CARE during Q4 FY26.
Retail branch network expanded to 701 locations, supporting a 45% CAGR in growth AUM since 2022.
👀 What to Watch
The company has successfully transitioned into a retail-led NBFC with a significantly de-risked balance sheet. Investors should monitor the trajectory toward the FY28 target of >3% RoAUM as the legacy book continues to shrink.
Nilkamal Reports FY26 Net Profit of ₹105 Cr; Announces ₹20 Dividend
Nilkamal Limited reported a strong financial performance for FY26, with standalone revenue growing 13.8% YoY to ₹3,686.39 crore. The company's standalone net profit increased to ₹105.13 crore from ₹91.27 crore in the previous fiscal year. A significant highlight is the narrowing of losses in the Retail and Ecommerce segment, which reduced from ₹34.50 crore in FY25 to ₹17.64 crore in FY26. Additionally, the board has recommended a final dividend of ₹20 per share (200%), reflecting confidence in cash flows.
Key Highlights
Standalone FY26 Revenue increased by 13.8% YoY to ₹3,686.39 crore
Standalone Net Profit for FY26 rose 15.2% to ₹105.13 crore
Recommended a final dividend of ₹20 per equity share (200% of face value)
Retail and Ecommerce segment losses narrowed significantly to ₹17.64 crore from ₹34.50 crore YoY
Consolidated FY26 Net Profit stood at ₹116.07 crore, up from ₹106.81 crore in FY25
👀 What to Watch
Investors should consider the steady growth in the core B2B business and the improving margins in the retail segment as positive indicators. The healthy dividend payout makes it attractive for yield-focused portfolios.
Nilkamal FY26 Consolidated PAT Rises 8.7% to ₹116 Cr; Declares ₹20 Dividend
Nilkamal reported a steady performance for FY26, with consolidated revenue growing 14% YoY to ₹3,778 crore. Consolidated Profit After Tax (PAT) increased to ₹116 crore from ₹106.8 crore in the previous year, despite an exceptional charge of ₹15.4 crore related to the Labour Code. The company's Retail and Ecommerce segment showed significant improvement, narrowing its losses from ₹34.5 crore in FY25 to ₹17.6 crore in FY26. The Board has recommended a final dividend of ₹20 per share, reflecting a 200% payout on face value.
Key Highlights
Consolidated Revenue from Operations grew 14% YoY to ₹3,77,806 Lakhs in FY26.
Consolidated Net Profit increased by 8.7% YoY to ₹11,607 Lakhs.
Recommended a final dividend of ₹20 per equity share (200% of face value).
Retail and Ecommerce segment losses narrowed significantly to ₹1,764 Lakhs from ₹3,450 Lakhs YoY.
Consolidated Basic EPS improved to ₹77.45 from ₹71.32 in the previous fiscal year.
👀 What to Watch
Investors should take note of the narrowing losses in the retail and e-commerce division, which suggests a path toward segment profitability. The stock remains a stable play in the furniture and material handling space with a healthy dividend yield.
Nilkamal Reports FY26 PAT of ₹115.58 Cr; Declares ₹20 Dividend with July 10 Record Date
Nilkamal Limited has announced a final dividend of ₹20 per share (200%) for the financial year ended March 31, 2026. The company's consolidated revenue for FY26 grew by 14% to ₹3,778.06 crore, while consolidated PAT increased to ₹115.58 crore. The record date for the dividend is fixed as July 10, 2026, with the payment scheduled on or after July 24, 2026. The results show consistent growth across its Business-to-Business and Retail segments.
Key Highlights
Final dividend of ₹20 per share (200%) recommended for FY26.
Consolidated Revenue increased to ₹3,778.06 crore from ₹3,312.74 crore YoY.
Consolidated PAT rose to ₹115.58 crore, up from ₹106.43 crore in the previous year.
Record date for dividend is July 10, 2026; payment to be made on or after July 24, 2026.
Standalone Basic EPS improved to ₹70.45 from ₹61.16.
👀 What to Watch
Shareholders as of the July 10, 2026 record date will be eligible for the ₹20 dividend. The company's steady earnings growth and healthy payout ratio support a positive outlook for long-term investors.
Nilkamal Recommends ₹20 Final Dividend; FY26 Consolidated PAT Rises to ₹115.58 Crore
Nilkamal Limited has recommended a final dividend of ₹20 per equity share (200%) for the financial year ended March 31, 2026. The company reported a steady performance with consolidated revenue growing 14% year-on-year to ₹3,778 crore. Consolidated net profit for FY26 increased to ₹115.58 crore from ₹106.43 crore in the previous year, despite an exceptional labor code impact of ₹15.41 crore. The dividend is scheduled for payment on or after July 24, 2026, following shareholder approval at the upcoming AGM.
Key Highlights
Recommended a final dividend of ₹20 per equity share of face value ₹10 (200%).
FY26 Consolidated Revenue increased to ₹3,77,805.78 Lakhs from ₹3,31,274.06 Lakhs in FY25.
Consolidated Net Profit for the full year grew to ₹11,558.19 Lakhs, up from ₹10,642.66 Lakhs.
Record date for dividend eligibility is fixed as July 10, 2026.
B2B segment revenue grew significantly to ₹3,36,963.69 Lakhs for the full year.
👀 What to Watch
Investors should consider the healthy dividend payout and the company's consistent revenue growth in the B2B segment. The stock remains a steady pick for those seeking a combination of moderate growth and regular dividend income.
Nilkamal Q4 PAT Rises 18% to ₹41.1 Cr; Final Dividend of ₹20 Declared
Nilkamal Limited reported a steady performance for FY26, with consolidated revenue growing 14% YoY to ₹3,778.06 crore. Standalone net profit for the fourth quarter increased by 18.2% YoY to ₹41.11 crore, supported by growth in the core B2B segment. The company has recommended a final dividend of ₹20 per share (200%), reflecting strong cash flow management. Notably, losses in the Retail and E-commerce segment narrowed significantly from ₹34.50 crore in FY25 to ₹17.64 crore in FY26.
Key Highlights
Consolidated FY26 Revenue grew 14% YoY to ₹3,778.06 crore compared to ₹3,312.74 crore in FY25.
Standalone Q4 PAT increased 18.2% YoY to ₹41.11 crore from ₹34.76 crore in the previous year.
Board recommended a final dividend of ₹20 per equity share (200%) for the financial year ended March 31, 2026.
Retail and E-commerce segment losses reduced by nearly 49% YoY to ₹17.64 crore.
Consolidated FY26 PAT stood at ₹116.07 crore, up from ₹106.81 crore in FY25 despite an exceptional labor code impact of ₹15.41 crore.
👀 What to Watch
The narrowing losses in the retail division and steady growth in the B2B segment are positive indicators for long-term value. Investors may consider holding the stock for its consistent dividend yield and improving operational efficiencies in the e-commerce vertical.
Thirumalai Chemicals Seeks Approval for $140 Million Loan Security for US Subsidiary
Thirumalai Chemicals is seeking shareholder approval via postal ballot to secure a loan facility of up to USD 140 million for its US-based double step-down subsidiary, TCL Specialties LLC. The security arrangement involves pledging 100% of the equity in its intermediate subsidiaries, TCL Global BV (Netherlands) and TCL Inc. (USA), along with a charge on the assets of the US entity. This significant fundraise indicates a major capital commitment toward international expansion or operational scaling in the US market. Shareholders are invited to vote on this special resolution between May 14 and June 12, 2026.
Key Highlights
Proposed loan facility of up to USD 140 million for double step-down subsidiary TCL Specialties LLC.
Creation of pledge on 100% equity shares of TCL Inc. (USA) and TCL Global BV (Netherlands).
Security to be created over the assets of TCL Specialties LLC as collateral for the facility.
E-voting period for shareholders scheduled from May 14, 2026, to June 12, 2026.
👀 What to Watch
Investors should monitor the specific deployment of the $140 million capital and its impact on the company's consolidated debt-to-equity ratio. While this signals aggressive US expansion, the pledging of subsidiary shares increases the financial risk profile of the group.
Piramal Finance Gets NCLT Nod for Merger of 3 Subsidiaries Effective April 2026
Piramal Finance Limited has received approval from the NCLT Mumbai Bench for the amalgamation of three wholly-owned subsidiaries: Piramal Corporate Tower, Piramal Agastya Offices, and DHFL Investments. The merger, effective from the appointed date of April 1, 2026, aims to streamline the group structure and eliminate operational redundancies. As these are 100% subsidiaries, no new shares will be issued, and the existing share capital of the transferor companies will be cancelled. This consolidation is expected to improve resource utilization and achieve cost savings through a simplified management structure.
Key Highlights
NCLT Mumbai Bench allowed the amalgamation scheme involving three 100% owned subsidiaries into Piramal Finance.
The merger includes DHFL Investments and two real estate/office holding entities with an appointed date of April 1, 2026.
No new shares will be issued as consideration; the entire share capital of the subsidiaries will be cancelled and extinguished.
The consolidation involves secured debt of approximately ₹1,155.58 crore from the transferor companies.
The scheme aims to reduce regulatory costs, compliance burden, and administrative overhead by simplifying the corporate hierarchy.
👀 What to Watch
This is a positive structural move that enhances operational efficiency and simplifies the balance sheet without equity dilution. Investors should view this as a beneficial consolidation that reduces long-term administrative costs.
Thirumalai Chemicals Secures Rs 65 Crore Unsecured Loan from Ultramarine & Pigments
Thirumalai Chemicals Limited (TCL) has entered into a loan agreement to borrow Rs 65 Crores from Ultramarine & Pigments Limited, a related party. The loan is unsecured with a three-year tenure and carries an interest rate of 10% per annum, compounded quarterly. A significant term of the agreement is that the interest is payable only at the end of the tenure, which assists in short-term cash flow management. The transaction is conducted at arm's length, involving entities with significant cross-holdings where UPL holds 18.23% of TCL.
Key Highlights
Rs 65 Crore unsecured loan raised from related party Ultramarine & Pigments Limited
Interest rate of 10% per annum with quarterly compounding
Loan tenure of 3 years with interest payable only at the end of the term
Cross-holding structure involves UPL holding 18.23% in TCL and TCL holding 14.38% in UPL
👀 What to Watch
Investors should monitor the company's utilization of these funds and its ability to service the accumulated interest at the end of the three-year term. The 10% rate is standard for unsecured inter-corporate loans but warrants a watch on overall debt levels.
Piramal Finance Q4 FY26: Net Profit Triples to ₹1,506 Cr; AUM Crosses ₹1 Lakh Cr Milestone
Piramal Finance delivered a robust FY26 performance, with consolidated net profit surging 3x year-on-year to ₹1,506 crores. The company successfully crossed the ₹1 lakh crore AUM mark, driven by a 33% growth in the retail segment which now constitutes 85% of the total book. Asset quality remains strong with retail 90+ DPD at 0.6%, while the legacy wholesale book has been aggressively reduced to less than 3% of total AUM. A recent credit rating upgrade to AA+ is expected to lower future borrowing costs by 50-80 basis points.
Key Highlights
Total AUM grew 25% YoY to ₹1,01,230 crores, with the Growth AUM increasing 33% YoY.
Consolidated Net Profit for FY26 reached ₹1,506 crores, exceeding the management target of ₹1,300-1,500 crores.
Legacy wholesale book reduced by 59% YoY to ₹2,807 crores, down from 66% of AUM four years ago to under 3% today.
Retail branch network expanded to 701 branches, including the launch of 22 new gold loan branches.
Growth business RoAUM improved to 2.1% in Q4 FY26 compared to 1.7% in Q4 FY25.
👀 What to Watch
Investors should note the successful business model transition and the AA+ rating upgrade as significant de-risking events. The company's focus on high-yield retail and gold loans, combined with falling borrowing costs, positions it well for further ROE expansion.
