Piramal Enterprises Limited has informed the Exchange about Transcript of conference call on the Unaudited Financial Results (Standalone & Consolidated) for the quarter ended 30th June, 2025
Awaiting price reaction for this filing.
Piramal Enterprises reported a strong Q1 FY26 with consolidated AUM growing 22% year-on-year to ~INR85,700 crores, led by retail AUM growth of 37% YoY (now 80% of total AUM). Consolidated PBT stood at INR301 crores, with net profit of INR276 crores, up 52% YoY. Margins improved with NIM expanding 10 basis points QoQ to 5.9%, credit costs falling to 1.4% (from 1.8% in Q4 FY25), and growth business PBT-to-AUM rising to 1.4% versus 1.1% for full-year FY25. The merger of PEL with Piramal Finance is expected to complete by September 2025, after which the company will benefit from carry-forward tax losses and a ~245 bps reversal in capital adequacy (currently 19.3%). Management reiterated guidance of INR1,300-1,500 crores full-year PAT and confirmed being on track to meet all five FY26 targets, while flagging that new RBI rules on prepayment charges effective January 2026 will impact MSME/LAP fee income.
Positive quarter with improving growth, profitability, and asset quality metrics; the September merger and elimination of tax outgo should significantly boost post-merger earnings, though the new RBI prepayment charge norms from January 2026 are a known near-term headwind for MSME/LAP income.