Integrated Annual Report for the Financial year 2024-25 and Notice of the 78th Annual General Meeting of the Company.
Awaiting price reaction for this filing.
Piramal Enterprises has filed its first Integrated Annual Report for FY2024-25 along with the notice for its 78th AGM, scheduled for June 30, 2025 at 3:00 PM via video conferencing. The company reported a strong turnaround with consolidated PAT of ₹485 crore in FY25, compared to a loss of ₹1,684 crore in FY24. Consolidated AUM grew 17% year-on-year to ₹80,689 crore, beating the targeted 15% growth, with Retail AUM rising 35% to ₹64,652 crore. The retail-to-wholesale mix improved to 80:20 from 50:50 two years ago, while legacy wholesale AUM was cut to ₹6,920 crore (now just 9% of total book). For FY26, management guided total AUM growth of ~25% to cross ₹1 lakh crore and consolidated PAT of over ₹1,300 crore. The merger of PEL with Piramal Finance Limited has received RBI approval and is now at the NCLT stage, expected to conclude by September 2025.
Shareholders should mark June 30, 2025 for the AGM, where they will vote on the proposed merger with Piramal Finance and a dividend of ₹248 crore (subject to approval). The merger, expected by September 2025, will simplify the corporate structure and unlock a ₹14,500 crore tax shield, which is positive for long-term value. Strong FY25 results and upbeat FY26 guidance (AUM crossing ₹1 lakh crore, PAT tripling to ₹1,300+ crore) suggest a positive earnings trajectory.