Audited Financial Results (Standalone and Consolidated) of the Company for the financial year ended 31st March 2025
Awaiting price reaction for this filing.
The Board approved audited standalone and consolidated results for FY25. On a standalone basis, total income fell to ₹2,257.94 Cr from ₹3,825.21 Cr in FY24, mainly because the previous year included large one-time gains from the sale of Shriram Finance and Shriram Investment Holdings stakes. Profit after tax for the full year rose modestly to ₹503.73 Cr (vs ₹474.05 Cr), while Q4 FY25 slipped into a standalone loss of ₹23.33 Cr versus a ₹953.54 Cr profit in Q4 FY24. The Board recommended a final dividend of ₹11 per share (550% on face value of ₹2). Key subsidiaries: Piramal Finance Ltd (formerly Piramal Capital & Housing Finance) received RBI approval to convert from an HFC to an NBFC-ICC on 4 April 2025, and a Composite Scheme of Arrangement with PFL was filed with NCLT. The joint statutory auditors issued an unmodified opinion, with an emphasis of matter on the HFC-to-NBFC-ICC conversion and on deferred tax assets at the subsidiary level. Net worth stood at ₹18,912.64 Cr, debt-equity ratio at 0.45, Gross NPA at 3.18% and Net NPA at 0.93%.
The headline PAT growth looks modest only because FY24 was boosted by one-time Shriram stake-sale gains — core profitability is fairly stable. The recommended ₹11 dividend (550%) is attractive for income-focused shareholders. The HFC-to-NBFC conversion at the key lending subsidiary and the ongoing composite scheme with NCLT could materially reshape the group structure going forward, which investors should track closely.