Piramal Finance rises as Q2 PAT climbs 67% YoY

Piramal Finance rose 3.66% to Rs 2,020 after reporting a strong consolidated performance in Q2 September 2026 (Q2 FY27).

The company's consolidated profit after tax (PAT) increased 66.67% year-on-year (YoY) and 18.22% quarter-on-quarter (QoQ) to Rs 545 crore in Q2 FY27. Total income rose 33.06% YoY and 4.62% QoQ to Rs 1,767 crore.

Net interest income (NII) increased 35.16% YoY and 6.40% QoQ to Rs 1,530 crore. Pre-provision operating profit (PPOP) rose 64.27% YoY and 5.88% QoQ to Rs 846 crore.

Profit before tax (PBT) increased 75.76% YoY and 30.70% QoQ to Rs 580 crore. Loan loss provisions and fair value loss rose 21.77% YoY but declined 33.63% QoQ to Rs 302 crore.

Interest income increased 24.28% YoY and 5.80% QoQ to Rs 3,358 crore, while interest expenses rose 16.43% YoY and 5.30% QoQ to Rs 1,828 crore.

Other income increased 20.92% YoY but declined 5.58% QoQ to Rs 237 crore. Fee and commission income rose 8.26% YoY and 3.15% QoQ to Rs 131 crore. Operating expenses increased 13.28% YoY and 3.60% QoQ to Rs 921 crore.

The company's assets under management (AUM) increased 24% YoY to Rs 1,13,112 crore, while retail AUM rose 30% to Rs 97,462 crore. Gross non-performing assets stood at 2.4%, while net non-performing assets were 1.7%. Cash and cash equivalents stood at Rs 6,899 crore, equivalent to 6% of total assets.

The company's nationwide footprint comprised 838 branches across 621 cities in 25 states. Its customer base grew 26% YoY to 6.5 million.

Piramal Finance chairman Anand Piramal said the company delivered consistent growth and profitability in Q2 FY27, with Growth AUM rising 30% YoY. He highlighted the company's Rs 3,850 crore capital raise, comprising a Rs 2,100 crore qualified institutional placement (QIP) and a Rs 1,750 crore preferential allotment of warrants to the promoter group. He added that the company aims to expand access to formal credit by combining its physical network with technology and AI, while maintaining a focus on sustainable, profitable growth.

Piramal Finance is a retail-led non-banking financial company (NBFC). It operates across retail and wholesale lending, offering products including housing loans, loans against property, gold loans, microfinance, used car loans, personal loans and small business credit. Its wholesale lending business provides financing solutions for real estate and select non-real estate sectors. The company combines a physical network spanning over 13,000 pin codes with digital platforms and AI-enabled tools.

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