Piramal Finance Limited has informed the Exchange regarding Change in Director(s) of the company.
PIRAMALFIN · price
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On the reaction day the stock moved 9.7 pts more than Nifty Smallcap 250 and 10.1 pts more than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Piramal Finance Limited reported strong FY2026 results with total income of Rs. 13,329.28 crores (up 25% YoY) and profit after tax of Rs. 1,540.02 crores (up 168% YoY). Basic EPS stood at Rs. 67.98 compared to Rs. 25.48 in the previous year. The Board recommended a final dividend of Rs. 11 per share (550%). During Q4, the company sold its 14.72% stake in Shriram Life Insurance for Rs. 600 crores, booking a gain of Rs. 263.09 crores. However, it also impaired Rs. 590 crores in investment property due to a failed land development project. The company also re-appointed Mr. Suhail Nathani as Independent Director for another 5-year term and shifted its registered office address within the same building. Asset quality remains healthy with Gross NPA at 2.26% and Capital Adequacy Ratio at 19.77%.
The company delivered robust profitability growth driven by dividend income from subsidiaries and one-time gains, which should be positive for shareholders. However, the large impairment charge and headline mismatch (financial results filed under 'Change in Director' category) warrant attention.