Piramal Enterprises Limited has informed the Exchange regarding Fund Raising through issuance of Non-Convertible Debentures on Private Placement Basis
Awaiting price reaction for this filing.
Piramal Enterprises' board approved raising up to Rs. 1,000 crore through Redeemable Non-Convertible Debentures (NCDs) on a private placement basis, to be issued in one or more tranches between 29th July 2025 and 31st March 2026, with listing on BSE and/or NSE. The board also approved Q1 FY26 (June 2025) financial results. On a standalone basis, net profit fell to Rs. 162.43 crore (from Rs. 228.07 crore in Q1 FY25) on total income of Rs. 500.88 crore, with EPS of Rs. 7.18. On a consolidated basis, net profit jumped about 52% YoY to Rs. 276.37 crore (from Rs. 181.48 crore) on total income of Rs. 2,693.53 crore, with EPS of Rs. 12.22. The company also infused Rs. 1,100 crore into wholly-owned subsidiary Piramal Finance Limited via a rights issue during the quarter. The merger scheme of PEL with Piramal Finance Limited is pending before NCLT, and PFL has received its NBFC-ICC registration from RBI in April 2025.
The NCD issuance of up to Rs. 1,000 crore is regular debt-raising activity for this NBFC/lending business, but it will add to the already high debt-equity ratio (3x consolidated). Consolidated profit growth of 52% YoY is positive, though the weaker standalone performance and continued high leverage warrant attention. Shareholders should watch the pending PEL-PFL merger, which could materially reshape the company.