Piramal Enterprises Limited has informed the Exchange regarding a press release dated May 06, 2025, titled "Piramal Enterprises Limited has informed the Exchange regarding a press release dated 6th May, 2025, titled "Press Release ".".
Awaiting price reaction for this filing.
Piramal Enterprises reported its FY25 results, with total Assets Under Management (AUM) growing 17% year-on-year to INR 80,689 crore, driven by the Growth business (AUM of INR 73,769 crore, up 36%). Legacy (discontinued) AUM fell 53% to INR 6,920 crore and is expected to shrink further to INR 3,000–3,500 crore in FY26. The company swung to a consolidated profit of INR 485 crore in FY25 from a loss of INR 1,684 crore in FY24, with Q4 FY25 PAT at INR 102 crore. Asset quality remained healthy with GNPA at 2.8% and NNPA at 1.9%, while net worth stood at INR 27,096 crore and capital adequacy at 23.6%. PEL raised USD 815 million from global capital markets in FY25 and received RBI approval for its merger with Piramal Finance (PFL), with NCLT approval expected around September 2025.
A clean return to profitability, strong AUM growth, improving asset quality and RBI approval for the PEL-PFL merger are positive signals for shareholders, though the FY26 outlook on Legacy run-down and further PAT growth will be key for the stock. The merger should create a single, larger NBFC entity, potentially improving valuation clarity.