Intimation under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 with respect to investor presentation to be made to investors at the ''Emkay Confluence 2025'' ....
Awaiting price reaction for this filing.
Piramal Enterprises shared its investor presentation ahead of the Emkay Confluence 2025 (14 Aug) and JM Financial Promoter Conference (18 Aug). Q1 FY26 highlights include consolidated AUM of ₹85,756 Cr, up 22% YoY, with retail AUM at ₹69,005 Cr (+37% YoY, 80% of total) and Wholesale 2.0 AUM at ₹10,425 Cr (+47% YoY). Consolidated PAT rose 52% YoY to ₹276 Cr, while growth business PBT grew 44% YoY to ₹295 Cr. Legacy AUM has shrunk 85% since March 2022 to ₹6,327 Cr. NIMs have steadily improved from 4.3% in FY24 to 5.9% in Q1 FY26, with opex-to-AUM ratio falling ~230 bps over nine quarters. The company reaffirmed FY26 targets of 25% total AUM growth, 80-85% retail mix, and consolidated PAT of ₹3,000-3,500 Cr. The PEL-PFL merger is expected to be the last quarter before completion by September 2025.
Strong Q1 print with on-track FY26 guidance and visible operating leverage (margin expansion + cost reduction) is positive for the stock. Successful PEL-PFL merger completion in Q2 FY26 will simplify the group structure and give shareholders direct exposure to the entire lending franchise, with the merger expected to reverse ~245 bps of recent capital adequacy reduction.