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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).
Piramal Finance Q3 FY26: 9M PAT Crosses ₹1,000 Cr; AUM Up 23% YoY to ₹96,690 Cr
Piramal Finance reported a robust performance for Q3 FY26, with 9-month consolidated PAT exceeding ₹1,000 crores compared to ₹383 crores in the previous year. Total AUM grew by 23% YoY to ₹96,690 crores, led by a 34% surge in the Growth business segment. A significant milestone was the CRISIL rating upgrade to AA+, which the management expects will reduce borrowing costs by 50-80 basis points. The company is also set to expand its retail footprint by opening 100 new branches in Q4, targeting Microfinance and Gold loan segments.
Key Highlights
9-month consolidated PAT reached ₹1,004 crores, a significant jump from ₹383 crores in 9M FY25.
Total AUM grew 23% YoY to ₹96,690 crores, while Growth AUM rose 34% YoY to ₹91,460 crores.
CRISIL upgraded long-term debt rating to AA+, providing access to lower-cost funding markets.
Retail opex-to-AUM ratio improved to 3.8%, continuing a consistent 3-year downward trajectory.
Monetization of Shriram Life Insurance stake for ₹600 crores is expected to conclude in Q4 FY26.
👀 What to Watch
Investors should monitor the impact of the AA+ rating on borrowing costs and the execution of the new branch expansion in Q4. The steady improvement in operating leverage and asset quality makes this a strong recovery story in the NBFC space.
Piramal Finance Q3 FY26: PAT Surges to ₹401 Cr; Growth AUM Up 34% YoY
Piramal Finance reported a strong Q3 FY26 with consolidated PAT reaching ₹401 Cr, driven by robust growth in its core retail and wholesale 2.0 segments. Total AUM grew 23% YoY to ₹96,690 Cr, with the 'Growth' business now accounting for 95% of the total book. Net Interest Margins (NIM) expanded by 51 bps YoY to 6.3%, while the retail opex-to-AUM ratio improved to 3.8%. The company remains on track to achieve its long-term target of ₹1.5 Lakh Cr AUM by FY28.
Key Highlights
Consolidated AUM grew 23% YoY to ₹96,690 Cr, led by a 34% YoY increase in Growth AUM.
Net Interest Margin (NIM) improved to 6.3% from 5.8% YoY, reflecting better product mix and pricing power.
Retail asset quality remains stable with 90+ DPD at 0.8%, despite rapid scaling in unsecured segments.
Legacy business AUM reduced significantly to ₹5,230 Cr, now representing only 5% of the total portfolio.
Secured $350 million in DFI funding from IFC and ADB, and received a CRISIL AA+ rating for long-term debt.
👀 What to Watch
Investors should note the successful transition from legacy wholesale to a retail-heavy growth engine with improving RoAUM. The stock remains a 'Watch' for sustained execution of the FY28 AUM targets and continued reduction in legacy stress.
Piramal Finance Q3 PAT Surges 10x YoY to ₹401 Cr; 9M PAT Crosses ₹1,000 Cr
Piramal Finance reported a robust Q3 FY26 with PAT jumping 10x YoY to ₹401 Cr, driven by a 23% growth in total AUM to ₹96,690 Cr. The company has successfully pivoted its portfolio, with 'Growth AUM' now comprising 95% of the total mix compared to legacy assets. Net Interest Margins (NIM) expanded by 51 bps YoY to 6.3%, supported by operating leverage and stable yields. Furthermore, the company strengthened its liability profile by securing $350 million in DFI funding and achieving a CRISIL AA+ credit rating.
Key Highlights
Consolidated PAT for Q3 FY26 rose 940% YoY to ₹401 Cr, while 9M FY26 PAT reached ₹1,004 Cr.
Total AUM grew 23% YoY to ₹96,690 Cr, with Retail AUM growing 34% YoY to reach 82% of the total book.
Net Interest Margin (NIM) expanded to 6.3%, up 51 bps YoY, while the average borrowing cost fell to 8.91%.
Asset quality remained stable with GNPA at 2.6% and NNPA at 1.9%; Retail 90+ DPD remained steady at 0.8%.
Announced monetization of Shriram Life Insurance stake for ₹600 Cr, expected to close in Q4 FY26.
👀 What to Watch
The company's successful transition to a retail-led model and the significant expansion in NIMs are strong positive indicators. Investors should watch for the continued liquidation of legacy wholesale assets and the impact of the new CRISIL AA+ rating on future borrowing costs.
Piramal Finance Q3 FY26 PAT Surges 940% YoY to ₹401 Cr; Retail AUM Grows 34%
Piramal Finance reported a stellar Q3 FY26 with Consolidated PAT jumping 940% YoY to ₹401 Cr, driven by a 23% YoY growth in total AUM to ₹96,690 Cr. The retail segment remains the primary growth engine, with AUM increasing 34% YoY to ₹79,413 Cr, now representing 82% of the total portfolio. Profitability metrics showed significant improvement as NIM expanded by 51bps YoY to 6.3% and the Growth Business RoAUM reached 1.9%. The company has successfully de-risked its balance sheet, with legacy wholesale assets now comprising only 5% of total AUM.
Key Highlights
Consolidated PAT rose to ₹401 Cr in Q3 FY26 compared to ₹39 Cr in the previous year's quarter.
Retail AUM grew 34% YoY to ₹79,413 Cr, supported by a 26% YoY increase in quarterly disbursements.
Net Interest Margin (NIM) improved to 6.3%, up from 5.8% YoY, reflecting better yield management.
Retail Opex-to-AUM ratio continued its downward trajectory, falling to 3.8% from 4.7% YoY.
Legacy AUM reduced significantly to ₹5,230 Cr, now making up just 5% of the total AUM mix.
👀 What to Watch
The company's successful transition to a retail-led model is delivering high profitability and operating leverage. Investors should maintain a positive outlook as the firm remains on track for its FY28 target of ₹1.5 lakh Cr AUM with a >3% RoAUM.
Piramal Finance Q3 FY26 Results: Board Approves Financials Post-PEL Merger
Piramal Finance Limited has released its unaudited financial results for the quarter and nine months ended December 31, 2025. These results are the first major reporting period following the completion of the Composite Scheme of Arrangement with Piramal Enterprises Limited (PEL), which became effective in September 2025. The company has restated its comparative financial figures to reflect this reverse acquisition. While the group saw profits from certain subsidiaries, it also recorded a share of loss from its life insurance joint venture, Pramerica Life Insurance.
Key Highlights
Board approved Q3 and 9M FY26 results following the reverse acquisition merger with Piramal Enterprises Limited (PEL).
Three subsidiaries reported a combined revenue of ₹42.22 crores and a net profit of ₹38.13 crores for the quarter.
The group recorded a share of net loss amounting to ₹17.79 crores from its joint venture for the quarter.
Deferred tax assets have been recognized based on future taxable profit projections and business growth targets.
Financials for comparative periods have been restated in accordance with Ind AS 103 for business combinations.
👀 What to Watch
Investors should analyze the restated financials to establish a new baseline for the company's performance post-merger. Key focus should remain on the integration synergies with PEL and the company's ability to meet the profit projections required to realize deferred tax assets.
CRISIL Assigns AA+/Stable Rating to Piramal Finance; Total AUM Reaches ₹91,000 Cr
CRISIL Ratings has assigned a long-term rating of AA+/Stable to Piramal Finance Limited, reflecting its successful transition to a retail-led lending model. The company's total AUM stands at ₹91,000 crore, with the core retail business growing at a 40% CAGR over the last four years. This rating, which is higher than its previous AA/Stable domestic ratings, is expected to significantly reduce borrowing costs for its ₹75,000 crore debt. The management has set an ambitious target to reach an AUM of ₹1.5 lakh crore by FY28.
Key Highlights
CRISIL assigned a new AA+/Stable rating to NCDs and bank debt; A1+ reaffirmed for Commercial Paper.
Total AUM stands at ₹91,000 crore, with the non-legacy retail portfolio growing at a 40% CAGR.
Total outstanding borrowings are approximately ₹75,000 crore, with ₹21,000 crore raised in FY25.
Company targets scaling AUM to over ₹1.5 lakh crore by FY28 with sustained profitability improvements.
Rating reflects strong capital buffers and a diversified retail loan book across 26 states.
👀 What to Watch
The rating upgrade is a significant positive that will likely lower the cost of funds and improve net interest margins. Investors should maintain a positive outlook as the company scales toward its FY28 AUM target of ₹1.5 lakh crore.
Piramal Finance Assigned 'CRISIL AA+/Stable' Rating for Bank Loans and NCDs
CRISIL Ratings has assigned a high-grade 'CRISIL AA+/Stable' rating to Piramal Finance's bank loan facilities and Non-Convertible Debentures (NCDs). The agency also reaffirmed the 'CRISIL A1+' rating for the company's short-term Commercial Papers. These ratings underscore the company's strong business and financial risk profile as an Upper Layer NBFC. This credit profile is expected to facilitate easier access to capital and potentially lower borrowing costs for the firm.
Key Highlights
Assigned 'CRISIL AA+/Stable' rating for Bank loan facilities
Assigned 'CRISIL AA+/Stable' rating for Non-Convertible Debentures (NCDs)
Reaffirmed 'CRISIL A1+' rating for Commercial Papers
Validation of strong financial and risk profile as an Upper Layer NBFC
👀 What to Watch
Investors should consider this a positive indicator of the company's creditworthiness and financial stability. Monitor the company's ability to leverage these high ratings to reduce its cost of funds in future debt issuances.
Piramal Finance Appoints Shikha Sharma and 3 Others to Board with Over 99% Shareholder Approval
Piramal Finance Limited has announced the results of its postal ballot, confirming the appointment of four new directors to its board. Shareholders approved the appointment of Ms. Shikha Sharma as a Non-Executive Director and Ms. Anjali Bansal, Mr. Rajiv Mehrishi, and Mr. Asheet Lalit Mehta as Independent Directors. All resolutions were passed with a significant majority, exceeding 99.3% of the total votes polled. The inclusion of these experienced professionals is expected to strengthen the company's governance framework and strategic direction.
Key Highlights
Ms. Shikha Sharma appointed as Non-Executive Director with 99.36% votes in favor.
Ms. Anjali Bansal and Mr. Rajiv Mehrishi approved as Independent Directors with 99.37% support.
Mr. Asheet Lalit Mehta appointed as Independent Director with 99.75% of votes in favor.
Total voting turnout stood at 70.35% of the 226.68 million outstanding shares.
👀 What to Watch
The addition of high-caliber professionals to the board is a positive signal for corporate governance; investors should maintain their positions. Monitor how these strategic appointments influence the company's future growth and risk management policies.
Piramal Finance to sell 14.72% stake in Shriram Life Insurance for Rs 600 crore
Piramal Finance Limited has entered into a share purchase agreement to divest its entire 14.72% equity stake in Shriram Life Insurance Company Ltd (SLIC). The stake is being sold to Sanlam Emerging Markets (Mauritius) Limited for a total consideration of Rs 600 crore. This move is part of Piramal's strategic focus on monetizing non-core assets to strengthen its balance sheet. The transaction is expected to close by March 31, 2026, subject to IRDAI and other regulatory approvals.
Key Highlights
Sale of 14.72% equity stake in Shriram Life Insurance for Rs 600 crore
Divested asset contributed only 0.12% (Rs 12.68 crore) to FY25 revenue via dividends
Transaction expected to conclude in Q4 FY26 pending IRDAI approval
Proceeds intended to strengthen the balance sheet and exit non-core investments
Buyer is Sanlam Emerging Markets (Mauritius) Limited, part of the South African Sanlam Group
👀 What to Watch
Investors should view this as a positive value-unlocking move that streamlines the company's focus on its core lending business. Monitor the timely receipt of regulatory approvals and the deployment of the Rs 600 crore cash inflow.
Piramal Finance Investor Presentation: AUM up 22% YoY to ₹91,447 Cr
Piramal Finance Limited has released an investor presentation highlighting its Q2 FY26 performance and strategic outlook. The company's consolidated AUM grew by 22% YoY to ₹91,447 Cr. Retail AUM now constitutes 82% of the total AUM. Consolidated PAT increased by 101% YoY to ₹327 Cr, while the growth business PBT reached ₹344 Cr, up 98% YoY. The company aims for RoAUM >3% with a target AUM-to-equity of 4.5-5.0x.
Key Highlights
Consolidated AUM up 22% YoY to ₹91,447 Cr
Retail AUM constitutes 82% of total AUM
Consolidated PAT up 101% YoY to ₹327 Cr
Growth business PBT up 98% YoY to ₹344 Cr
Legacy AUM is ₹5,448 Cr, representing 6% of total AUM
👀 What to Watch
Review the investor presentation for detailed insights into Piramal Finance's strategy and financial performance. Monitor the company's progress towards achieving its RoAUM and AUM-to-equity targets.
Piramal Finance Investor Presentation on Investec AI Unmasked Conference
Piramal Finance Limited is presenting to investors at the 'Investec AI Unmasked - The Real & Possible Conference' on December 15, 2025. The investor presentation highlights the company's journey, tech approach, and AI integration. Piramal Finance's retail AUM has grown to ₹74,704 Cr, now representing 94% of the total AUM. The company has expanded its product portfolio to 13 products and has a presence in 429 cities across 26 states.
Key Highlights
Retail AUM is ₹74,704 Cr
Growth book is 94% of total AUM
Expanded product portfolio to 13 products
517 branches across the country
Cross-sell contributes to 11% of all disbursements
👀 What to Watch
Review the investor presentation to understand Piramal Finance's growth strategy and AI initiatives. Monitor the company's progress in expanding its retail business and improving operational efficiency.
Piramal Finance gets nod for NCD coupon rate modification (ISINs INE516Y07014 & INE516Y07063)
Piramal Finance Limited has received in-principle approval from stock exchanges for modifying the coupon rate of its Non-Convertible Debentures (NCDs) issued under ISINs INE516Y07014 and INE516Y07063. Approvals were granted by the National Stock Exchange of India on December 10, 2025, and BSE Limited on November 27, 2025. The company executed addenda to the Information Memorandum dated December 18, 2018, and March 8, 2019, respectively. Final listing will proceed upon receipt of modified ISIN letters from the Depositories.
Key Highlights
Received in-principle approval for coupon rate modification on NCDs
ISINs affected: INE516Y07014 and INE516Y07063
NSE approval date: December 10, 2025
BSE approval date: November 27, 2025
Addendum to Information Memorandum executed on December 11, 2025
👀 What to Watch
Investors holding NCDs under ISINs INE516Y07014 and INE516Y07063 should monitor the company's announcements regarding the final coupon rate and listing. Review the updated Information Memorandum for details.
Piramal Finance Denies Reports of Keertana Acquisition for Gold Loan Foray
Piramal Finance Limited has officially clarified to the National Stock Exchange that recent media reports regarding its interest in acquiring Keertana for a gold loan foray are factually incorrect. The company responded to a clarification request following an Economic Times article dated December 9, 2025. Management stated that there is no undisclosed material information pending that could impact price or volume behavior. The company maintains that recent equity share price movements are entirely market-driven and outside of management's control.
Key Highlights
Categorically denied the news report published on December 9, 2025, regarding the Keertana acquisition.
Confirmed that no material information or announcement is pending disclosure under SEBI Regulation 30.
Attributed recent stock price and volume fluctuations to market forces rather than internal corporate developments.
Reiterated commitment to ongoing compliance with SEBI Listing Regulations for all future material events.
👀 What to Watch
Investors should ignore the speculative acquisition rumors and focus on the company's official disclosures and quarterly financial performance.
