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Piramal Finance Profit Soars Nearly 900%
27 Apr
Summary
- Net profit surged to ₹603 crore in Q4 FY26, a nearly ninefold increase.
- Assets under management surpassed ₹1 lakh crore, growing 25% year-on-year.
- Retail AUM grew 33%, now forming 85% of the company's total AUM.
Piramal Finance announced a net profit of ₹603 crore for the fourth quarter of FY26, a substantial 9x increase compared to ₹64 crore in the prior year, primarily driven by exceptional gains. For the full fiscal year 2026, profit after tax soared by 168% year-on-year to ₹1,540 crore.
The company's assets under management (AUM) exceeded ₹1 lakh crore, growing 25% to ₹1,01,230 crore in FY26. This growth was significantly fueled by a 33% year-on-year increase in retail AUM, which now represents 85% of the total AUM, underscoring a strategic pivot towards a retail-focused business model.
Asset quality remained stable with gross non-performing assets at 2.3%. The company also secured significant funding, including $350 million in inaugural DFI funding from IFC and ADB. Piramal Finance's board recommended a final dividend of ₹11 per equity share for FY26, subject to shareholder approval.
