Press Release
Awaiting price reaction for this filing.
Piramal Enterprises reported strong Q1 FY26 results with consolidated Profit After Tax (PAT) of INR 276 Cr, up 52% year-on-year and 170% quarter-on-quarter. Total Assets Under Management (AUM) grew 22% YoY to INR 85,756 Cr, driven by retail lending AUM of INR 69,005 Cr (+37% YoY) and wholesale 2.0 AUM of INR 10,425 Cr (+47% YoY). The Growth-to-Legacy AUM mix improved sharply to 93:07 from 34:66 in FY22, reflecting the company's strategic shift away from legacy assets. Asset quality remained healthy with GNPA at 2.8%, NNPA at 2.0%, and growth business credit cost declining to 1.4% from 1.8% in Q4 FY25. The company also confirmed that the PEL-PFL merger is expected to be completed by September 2025.
Strong profit growth ahead of asset growth indicates improving operating leverage and efficiency, which should be positive for shareholders. The upcoming PEL-PFL merger is likely to streamline the lending business and unlock synergies, while the company highlighted embedded value from Shriram investments and AIF recoveries as potential future catalysts.