Press Release
Awaiting price reaction for this filing.
Piramal Enterprises reported consolidated FY25 PAT of INR 485 Cr, a strong turnaround from a loss of INR 1,684 Cr in FY24. Total AUM grew 17% YoY to INR 80,689 Cr, with Retail AUM rising 35% YoY to INR 64,652 Cr (80% of total AUM) and Wholesale 2.0 AUM up 44% YoY to INR 9,117 Cr. Legacy book shrank 53% YoY to INR 6,920 Cr (now just 9% of AUM). Asset quality remains stable with GNPA at 2.8% and 90+ DPD at 0.8% on retail book. The company met all FY25 targets on AUM growth, mix, legacy run-down, AIF recoveries, and operating efficiency. RBI has approved the PEL-Piramal Finance merger, expected to complete by Sep 2025, which will simplify the group structure into a single Upper Layer NBFC. For FY26, management guided ~25% YoY AUM growth (to ~INR 100,000 Cr) and consolidated PAT of INR 1,300–1,500 Cr.
A clear turnaround story — from FY24 loss to FY25 profit, with all guided targets achieved and strong forward guidance for FY26. The merger simplification and continued legacy book run-down should support re-rating, though execution on the steep FY26 growth and profit targets will be key for shareholders to watch.