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Piramal Finance Q2 profit rises 67% to Rs 545 crore
Business Standard·
Piramal Finance reported a 67 percent rise in September quarter net profit to Rs 545 crore Monday. Core net interest income grew 35 percent to Rs 1,530 crore on 24 percent assets under management growth and a 6.5 percent margin. Cost to income improved to 52.1 percent from 61.2 percent. Gross NPAs stayed at 2.4 percent in September 2026.
Prism
What It Means For You
- Borrowers in wholesale realty segments may see continued early repayments that slow balance sheet growth.
- IT salaried borrowers in South India face tighter scrutiny after signs of stress, the CEO said.
- Shareholders watch whether recent rating upgrades lower funding costs over the next two to three years.
What's Happening
- CEO Jairam Sridharan said nearly 70 percent of fresh disbursals were prepaid during the quarter.
- Realty sector assets under management grew about 7 percent but could have reached 25 percent without prepayments.
- The BSE listed stock closed 0.08 percent lower at Rs 1,948.05 on Monday.
Piramal Finance Quarter Metrics
- Assets under management rose 24 percent while net income margin expanded 0.35 percentage points.
- Cost to income fell sharply from 61.2 percent to 52.1 percent in the reporting quarter.
- Khara's five year independent director term was announced alongside results.
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