+
Piramal PAT Rises 52 per cent on Strong AUM Growth in Q1 FY26
ECONOMY & POLICY

Piramal PAT Rises 52 per cent on Strong AUM Growth in Q1 FY26

Piramal Enterprises Limited (PEL), a leading diversified non-banking financial company, reported its consolidated results for the quarter ended 30 June 2025, delivering a 52 per cent year-on-year rise in profit after tax (PAT) to Rs 2.76 billion. The increase was supported by robust growth in assets under management (AUM) and a continued strategic pivot towards its retail and growth-oriented portfolio.
Total AUM grew 22 per cent year-on-year to Rs 857.6 billion. Growth AUM surged 38 per cent to Rs 794.3 billion, now accounting for 93 per cent of the portfolio, up from just 34 per cent in FY22. Retail AUM rose 37 per cent year-on-year to Rs 690.1 billion, contributing 80 per cent of total AUM. Meanwhile, legacy (discontinued) AUM declined 51 per cent to Rs 63.3 billion, down 85 per cent since FY22.
Net interest margin (NIM) expanded by 10 basis points quarter-on-quarter to 5.9 per cent. Profit before tax stood at Rs 3.01 billion, with Rs 2.95 billion contributed by the Growth business, translating to a PBT-to-AUM ratio of 1.5 per cent. Operating expenses and credit costs for the Growth business continued to trend downward, with credit cost improving to 1.4 per cent from 1.8 per cent in Q4 FY25.
Asset quality remained stable, with gross non-performing assets (GNPA) at 2.8 per cent and net NPA at 2.0 per cent. The company maintained a strong financial position, with net worth at Rs 271.7 billion and liquidity of Rs 90.7 billion in the form of cash and liquid investments, representing 9 per cent of total assets.
Q1 FY26 is expected to be the final quarter before the merger of PEL and Piramal Finance Limited (PFL), which is anticipated to close by September 2025. 

Piramal Enterprises Limited (PEL), a leading diversified non-banking financial company, reported its consolidated results for the quarter ended 30 June 2025, delivering a 52 per cent year-on-year rise in profit after tax (PAT) to Rs 2.76 billion. The increase was supported by robust growth in assets under management (AUM) and a continued strategic pivot towards its retail and growth-oriented portfolio.Total AUM grew 22 per cent year-on-year to Rs 857.6 billion. Growth AUM surged 38 per cent to Rs 794.3 billion, now accounting for 93 per cent of the portfolio, up from just 34 per cent in FY22. Retail AUM rose 37 per cent year-on-year to Rs 690.1 billion, contributing 80 per cent of total AUM. Meanwhile, legacy (discontinued) AUM declined 51 per cent to Rs 63.3 billion, down 85 per cent since FY22.Net interest margin (NIM) expanded by 10 basis points quarter-on-quarter to 5.9 per cent. Profit before tax stood at Rs 3.01 billion, with Rs 2.95 billion contributed by the Growth business, translating to a PBT-to-AUM ratio of 1.5 per cent. Operating expenses and credit costs for the Growth business continued to trend downward, with credit cost improving to 1.4 per cent from 1.8 per cent in Q4 FY25.Asset quality remained stable, with gross non-performing assets (GNPA) at 2.8 per cent and net NPA at 2.0 per cent. The company maintained a strong financial position, with net worth at Rs 271.7 billion and liquidity of Rs 90.7 billion in the form of cash and liquid investments, representing 9 per cent of total assets.Q1 FY26 is expected to be the final quarter before the merger of PEL and Piramal Finance Limited (PFL), which is anticipated to close by September 2025. 

Related Stories

Gold Stories

Next Story
Infrastructure Urban

NABARD Holds Seminar on Vigilance, Integrity and Good Governance

National Bank for Agriculture and Rural Development (NABARD) organised a seminar on “Vigilance: Strengthening Integrity and Good Governance” on 25 August 2026 at its Head Office in Mumbai as part of the ongoing Vigilance Awareness Campaign 2026 being observed from 17 August to 16 November 2026, with the theme “Probity for Prosperity."" The seminar was graced by Suresh N Patel, Former Central Vigilance Commissioner, Government of India, as the chief guest and keynote speaker.  The programme was attended by G S Rawat, Deputy Managing Director, Dr Ajay K Sood, Deputy Managing Dire..

Next Story
Equipment

XCMG Unveils World's First 14,000-Ton Ring Crane for Heavy Lifting

XCMG has announced that the first main unit of the world's first 14,000-ton ring crane has rolled off the production line, marking a historic breakthrough in ultra-heavy lifting technology. Jointly developed by XCMG and Sinopec Heavy Lifting & Transportation Co., Ltd., the crane will be the largest-capacity ring crane ever built, setting a new benchmark for major construction projects worldwide.The crane features a modular configuration comprising two main units that work in tandem. The first main unit has completed final assembly and can independently perform lifting operations. Once both..

Next Story
Infrastructure Urban

Thriveni Logistics orders 200 tip trailers from Jagdamba trailers

Jagdamba Trailers (JTPL), one of India’s growing trailer manufacturers, has secured a significant order for 200 Tip Trailers from Thriveni Transport and Logistics Pvt. Ltd., a leading mining and logistics company serving operations across India and overseas.The order, placed for iron ore transportation, is a major milestone for JTPL, particularly as the company secured the business after competing with more than 10 established trailer manufacturers. It also strengthens an already successful relationship between the two companies. Approximately one and a half years ago, Thriveni Transport and..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code