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 Limited has submitted its inaugural Integrated Annual Report for FY2024-25 along with the notice for its 78th AGM, scheduled for Monday, June 30, 2025 at 3:00 p.m. via video conferencing. The company reported consolidated AUM of ₹80,689 crore, up 17% year-on-year and ahead of its 15% growth target, with retail AUM growing 35% to ₹64,652 crore and mortgage (housing + LAP) at ₹43,841 crore. PEL swung to a consolidated net profit of ₹485 crore from a ₹1,684 crore loss in FY24, while reducing legacy AUM to ₹6,920 crore (9% of book) and securing AIF gains of ₹926 crore. The RBI-approved merger of PEL with Piramal Finance Limited is now in the NCLT stage, expected to conclude around September 2025, creating a unified upper-layer NBFC. For FY26, management targets total AUM exceeding ₹1 lakh crore, retail contributing 80-85% of AUM, and consolidated PAT of over ₹1,300 crore, along with a proposed dividend payout of ₹248 crore.
The filing reinforces PEL's transformation story with return to profitability, strong AUM growth, and a cleaner balance sheet as the legacy wholesale book winds down. Shareholders gain direct exposure to the consolidated lending business post-merger, with management guiding for a sharp earnings jump in FY26, though the proposed dividend and merger scheme will require shareholder approval at the June 30 AGM.