Piramal Enterprises Limited has informed the Exchange about Transcript
Awaiting price reaction for this filing.
Piramal Enterprises reported FY25 consolidated net profit of Rs. 485 crores, a sharp turnaround from a Rs. 1,684 crore loss in FY24. Total AUM grew 17% YoY to Rs. 80,689 crores, with Growth AUM (retail + wholesale 2.0) up 36% YoY to Rs. 73,769 crores, now 91% of the book. Legacy AUM was brought down to Rs. 6,920 crores (from Rs. 14,572 crores), and the retail-to-wholesale mix improved to 80:20. Retail opex-to-AUM ratio fell from 6.5% to 4.3% over 8 quarters, with medium-term guidance of 3.5%-4.0%. Management guided for FY26 AUM growth of ~25% YoY (crossing Rs. 1,00,000 crores) and consolidated PAT of Rs. 1,300-1,500 crores. The board announced a Rs. 11/share dividend at a 50% payout ratio, the highest in company history. Cost of borrowings moderated 10 bps QoQ to 9.1%, and the PEL-Piramal Finance merger will unlock a Rs. 14,500 crore tax shield.
Positive for shareholders — strong turnaround in profitability, ahead-of-plan legacy rundown, and clear multi-year growth and margin guidance signal improving fundamentals. The Rs. 1,300-1,500 crore FY26 PAT guidance nearly triples FY25 earnings, though it includes one-offs from AIF recoveries and deferred Piramal Imaging consideration, which may limit the durability of the jump.