Piramal Finance posts ₹1,506 crore PAT in FY26, AUM crosses ₹1 lakh crore

Retail lending remained the primary growth engine, with retail AUM expanding 33 per cent year-on-year to ₹85,885 crore
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Vertigo3d;iStockphoto

Piramal Finance Ltd announced on Monday that its consolidated net profit for FY2026 reached ₹1,506 crore, more than tripling (210% increase) compared with the previous year, thanks to strong retail‑lending growth and one‑off gains from asset disposals. In the fourth quarter, PAT jumped 390% YoY to ₹502 crore.

The Mumbai‑headquartered NBFC hit a key milestone, with total assets under management breaching the ₹1‑lakh‑crore mark to stand at ₹1,01,230 crore – a 25% rise YoY. Its growth‑focused AUM (retail plus wholesale 2.0 lending) grew 33% to ₹98,423 crore, now representing 97% of total AUM, as the firm phases out its legacy wholesale book.

Retail lending continued to drive growth, with retail AUM up 33% YoY to ₹85,885 crore, making up 85% of total AUM. Mortgage advances (home loans and loans against property) climbed 32% to ₹57,837 crore. Fourth‑quarter disbursements increased 34% YoY to ₹13,101 crore. The lender operates 701 branches in 568 cities, catering to 5.7 million customers.

Full‑year performance was lifted by exceptional items amounting to ₹1,509 crore, notably a ₹1,326 crore gain from the Piramal Imaging sale and ₹263 crore from the Shriram Life Insurance stake divestment. The firm also raised $350 million in development‑finance funding from IFC and ADB in the quarter.

Credit quality remained stable, with gross NPA at 2.3% and net NPA at 1.6%. Average borrowing costs fell 29 bps YoY to 8.84%. Ratings were upgraded by Crisil (AA+), ICRA (AA+), Care (AA+), S&P Global (BB), and Moody’s gave a positive outlook revision during the period.

Net worth amounted to ₹28,191 crore, while liquid assets—cash and short‑term investments—totaled ₹8,640 crore, or roughly 8% of total assets.

Published on April 27, 2026