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Piramal Finance Q2 Profit Surges 67 Percent With Revenue Reaching ₹3,659 Crore
- •Piramal Finance reported a 67 percent year-on-year increase in consolidated profit to ₹545 crore for the September quarter.
- •Consolidated revenue from operations rose 27.43 percent year on year to ₹3,659.19 crore.
- •Assets under management grew 24 percent year on year to ₹1,13,112 crore, driven by a 30 percent increase in retail AUM.
- •The company completed an equity capital raise of ₹3,850 crore through a qualified institutional placement and a preferential allotment.
- •Dinesh Kumar Khara, former Chairman of the State Bank of India, was appointed as an independent director for a five-year term.
Key Questions Answered
Piramal Finance reported a 67% year-on-year increase in consolidated net profit to ₹545 crore for the September quarter of the financial year 2026-27. Consolidated revenue from operations grew by 27.43% year on year, reaching ₹3,659.19 crore.
The company's total assets under management (AUM) grew 24% year on year to ₹1,13,112 crore, with retail AUM expanding 30% to ₹97,462 crore. Additionally, retail disbursements saw a 34% increase to ₹14,646 crore during the September quarter.
Piramal Finance completed an equity capital raise of ₹3,850 crore, which included a qualified institutional placement of ₹2,100 crore and a preferential warrant allotment of ₹1,750 crore to the promoter group. Furthermore, the company appointed Dinesh Kumar Khara, the former Chairman of the State Bank of India, as an independent director for a five-year term.
