Piramal Enterprises Limited has informed the Exchange about Investor Presentation
Awaiting price reaction for this filing.
Piramal Enterprises reported consolidated AUM of ₹85,756 Cr in Q1 FY26, up 22% year-on-year, driven by a 37% jump in retail AUM to ₹69,005 Cr (now 80% of the consolidated book). Wholesale 2.0 AUM grew 47% YoY to ₹10,425 Cr, while legacy AUM shrank to ₹6,327 Cr (down 85% since March 2022). Consolidated net profit rose 52% YoY to ₹276 Cr, with growth business pre-tax profit of ₹295 Cr (+44% YoY) doing almost all the heavy lifting. Asset quality remained stable with retail 90+ DPD steady at 0.8% and zero delinquencies in Wholesale 2.0. Operating efficiency improved sharply, with opex-to-AUM falling 55bps YoY to 3.9% (down 230bps in nine quarters), and the company is on track to meet its FY26 targets. The pending merger with Piramal Finance Ltd is expected to be completed by September 2025, which would reverse ~245bps of the recent decline in capital adequacy (currently 19.3%).
Positive for shareholders — strong AUM and profit growth, improving cost ratios, and stable asset quality point to a healthy operating quarter. The approaching PEL-PFL merger is a key catalyst, expected to simplify the group structure and lift capital adequacy, though near-term capital cushion is thinner than at FY25 end.