Piramal Finance

Quick check

The five things to look at first. Open one for more.

• DebtLook closerRated AA+ by 2 agencies.
• ResultsGrowingIn the Sep 2026 quarter, sales rose 27% and profit rose 67% from a year earlier.
• DilutionNo new sharesNo new shares issued in the last year, so existing shareholders' slices were not cut.
• PromotersPromoters sellingThe promoters (founders or parent) own 44%, down from 46% in Sep 2025.
• ValuationExpensive vs its pastThe share trades at 73.9 times its yearly earnings (P/E), pricier than 93% of the time in the last 1 years. Its usual P/E is about 11.

Piramal Finance against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.

• Valuation (P/E)73.9 against a typical 12.9: pricier than most peers (1st = cheapest).16th of 19
• Sales growth+27.4% against a typical +8.5% from a year earlier.1st of 18
• Profit growth+66.7% against a typical +19% from a year earlier.2nd of 17
• Share price, 3 months−12.1% against a typical −13.3%.8th of 19
• Size₹ 44,275.2 Cr. market value against a typical ₹ 6,610.8 Cr. (1st = largest).2nd of 19

Exchange filings and their impact on the company.

• 23 Oct 2026Analysts/Institutional Investor Meet/Con. Call UpdatesHigh impactPositivePrice −4% that day
  Strong Q2 with 67% profit growth and 30% Growth AUM growth keeps 25% AUM and 50% profit growth guidance on track.

  Piramal Finance reported Q2 PAT up 67% to Rs 545 crore and total AUM up 24% to Rs 1,13,112 crore, with Growth AUM up 30% and now 98.5% of total. Management completed a Rs 3,850 crore equity raise and reaffirmed 25% AUM growth and 50% profit growth guidance for FY27. Asset quality stayed stable with retail 90+ DPD at 0.7% and Growth credit cost at 1.5%, supporting a target of 2.5% return on AUM by Q4.

  Full analysisFiling
• 19 Oct 2026Outcome of Board MeetingMedium impactPositivePrice +3.6% on 21 Oct
  Q2 FY27 results confirm continued growth in revenue and profit.

  Piramal Finance's board on 19th October 2026 approved the unaudited financial results for the quarter and half year ended 30th September 2026. The detailed statement was attached to the filing but text could not be extracted for quantification. Recent trend shows Jun-26 quarter sales of Rs 3,368 crore and net profit of Rs 461 crore, up sharply from a year ago, indicating continued loan-book growth and improving profitability.

  Full analysisFiling
• 13 Oct 2026Investor PresentationMedium impactPositivePrice +2.2% that day
  25% AUM growth with legacy down to 2% and Q1 profit up 47% signals sustained 20%+ growth and improving profitability.

  Piramal Finance shared its investor presentation for the Tokyo debt roadshow on 14 October 2026. Total AUM was USD 11,257 million, up 25% year-on-year, with retail at USD 9,605 million up 32% and wholesale 2.0 at USD 1,393 million up 27%, while legacy AUM fell to about 2% of total. Q1 FY27 total income rose 37% and net profit rose 47% to USD 47 million, supported by lower cost of borrowings and recent upgrades to AA+ domestically and Ba2/BB internationally.

  Full analysisFiling
• 8 Oct 2026Allotment of SecuritiesLow impactNeutralPrice −1.3% that day
  Allotted Rs 525 cr secured NCDs via private placement, a small routine funding addition.

  Piramal Finance allotted 52,500 secured, rated, listed, redeemable NCDs of Rs 1 lakh each totalling Rs 525 crore on private placement basis on 8 October 2026. The NCDs will be listed on the wholesale debt market of NSE and BSE. The amount is small versus its ~Rs 80,000 crore borrowings and is routine funding to support lending growth.

  Full analysisFiling

Results dates and other board meetings. Full calendar

Compounded yearly rates over each period.

Listed companies in the same business.

Jairam Sridharan

Chief Executive Officer, Managing Director

Vikash Tolaram Chudiwala

Chief Financial Officer

Vikash Kumar Khetawat

Chief Financial Officer

Vikash Singhla

Chief Financial Officer

Kapil Wadhawan

Managing Director

Harshil Rajnikant Mehta

Whole-Time Director

Anand Ajay Piramal

Whole-Time Director (Promoter)

Bimal Jitendra Desai

Company Secretary