Mumbai: Piramal Enterprises Limited (PEL), one of India’s leading diversified Non-Banking Financial Companies (NBFCs), has reported a robust 52% year-on-year (YoY) growth in Profit After Tax (PAT) for the quarter ending June 30, 2025 (Piramal Enterprises Q1 FY2026).
The company posted ₹276 crore in PAT and expanded its total Assets Under Management (AUM) by 22% YoY to ₹85,756 crore, marking a strong start to FY26.
This growth momentum comes just ahead of the highly anticipated PEL-PFL merger, expected to conclude by September 2025.
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The company’s continued transformation was underlined by a significant improvement in its portfolio mix, with the Growth-to-Legacy AUM ratio reaching 93:07, compared to 34:66 in FY22.
“FY26 has begun on a strong note with profitable growth and disciplined execution,” said Ajay Piramal, Chairman, Piramal Enterprises.
“We are scaling efficiently through tech-driven platforms and AI integration while maintaining robust asset quality.”
Key Financial Highlights – Piramal Enterprises Q1 FY2026
- Total AUM rose 22% YoY to ₹85,756 crore
- Retail AUM surged 37% YoY to ₹69,005 crore (80% of total AUM)
- Wholesale 2.0 AUM increased 47% YoY to ₹10,425 crore
- Net Interest Margin (NIM) improved by 10 bps QoQ to 5.9%
- Growth business Profit Before Tax (PBT) stood at ₹295 crore
- Credit cost in the growth business dropped to 1.4%, from 1.8% in Q4 FY25
- Operating expenses to AUM reduced by 230 bps over the last 9 quarters
- GNPA at 2.8%; NNPA at 2.0%
Strong Retail and Wholesale Lending Momentum
The company’s retail lending business saw:
- Mortgage AUM grow 38% YoY to ₹47,101 crore
- Disbursements rise 28% YoY to ₹8,718 crore, with stable yields at 14.2%
- Branch network expand to 517 branches across 428 cities
- Customer base rise to 4.8 million
Piramal Enterprises Q1 FY2026: Wholesale 2.0 lending recorded
- 47% YoY growth in AUM to ₹10,425 crore
- Disbursements up 46% YoY, with average ticket size of ₹74 crore
- Effective interest rate (EIR) at 14.5%
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Piramal Enterprises Q1 FY2026: Positioned for Sustainable Growth Post-Merger
Piramal Enterprises’ merger with Piramal Finance is expected to streamline operations, unlock synergies, and sharpen strategic focus.
With strong liquidity of ₹9,070 crore and a net worth of ₹27,174 crore, PEL is well-positioned to drive long-term value creation.
