Piramal Finance posts 67% jump in Q1 profit, board clears ₹4,000 crore fundraise

Piramal Finance Limited on Thursday reported a Profit After Tax (PAT) of ₹461 crore for the first quarter ended June 30, 2026, a 67 per cent jump year-on-year, as the Mumbai-based non-banking financial company continued to grow its retail lending franchise. The board simultaneously approved a fund raise of up to ₹4,000 crore, subject to shareholder approval.

The stock closed at ₹2,186.50 on the NSE on Thursday, up 0.76 per cent on the day, giving the company a market capitalisation of approximately ₹49,620 crore. The scrip has gained over 33 per cent year-to-date and trades at a trailing price-to-earnings multiple of 57.51.

Assets Under Management rose 25 per cent year-on-year to ₹1,06,940 crore, with retail AUM — now 85 per cent of the total book — growing 32 per cent to ₹91,249 crore. Retail disbursements climbed 44 per cent to ₹12,527 crore, reflecting sustained demand across mortgage, gold loan, and small business credit segments. Mortgage AUM alone stood at ₹61,199 crore.

On the income statement, net interest income grew 43 per cent year-on-year to ₹1,442 crore, while total income rose 37 per cent to ₹1,693 crore. Pre-provision operating profit nearly doubled to ₹804 crore. Cost-to-income improved sharply to 52.5 per cent from 65.6 per cent a year ago.

Asset quality remained broadly stable, with gross NPA at 2.4 per cent and net NPA at 1.6 per cent. The company’s networth stood at ₹28,906 crore, with cash and equivalents of ₹6,925 crore representing 6 per cent of assets.

Piramal Finance, formerly Piramal Capital & Housing Finance, has expanded to 780 branches across 607 cities and 26 states, serving 6 million customers. The company carries a domestic long-term debt rating of AA+ Stable from CRISIL, ICRA, and CARE.