Piramal Finance
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Piramal Finance (PIRAMALFIN) investor relations material

Piramal Finance Q3 25/26 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q3 25/26 earnings summary23 Jan, 2026

Executive summary

  • Achieved 23% YoY growth in total AUM, with growth AUM up 34% YoY and now 95% of total AUM.

  • Net Interest Margin (NIM) increased by 51bps YoY to 6.3%.

  • Unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025, were approved and published following a Board meeting on January 23, 2026.

  • Results reflect the impact of a Composite Scheme of Arrangement (reverse acquisition) with Piramal Enterprises Limited, effective September 16, 2025, with restated comparatives.

  • Announced monetization of Shriram Life Insurance stake for ₹600 Cr and received AA+ long-term debt rating.

Financial highlights

  • Q3 FY26 consolidated PAT rose 940% YoY to ₹401 Cr.

  • Consolidated revenue from operations for Q3 FY26: ₹2,917.68 crore; nine months: ₹8,428.48 crore.

  • 9M FY26 growth business PBT at ₹1,066 Cr, up 101% YoY.

  • Total AUM reached ₹96,690 Cr, up 23% YoY and 6% QoQ.

  • Net worth at ₹27,872 Cr; debt-to-equity at 2.7x.

Outlook and guidance

  • On track to achieve FY26 targets: 25% YoY AUM growth, 30% growth AUM YoY, retail share in AUM at 80-85%.

  • Legacy AUM expected to fall below ₹3,500 Cr by March 2026.

  • FY26 PAT guidance of ₹1,300-1,500 Cr.

  • The sale of a 14.72% equity stake in Shriram Life Insurance Company Ltd for ₹600 crore is expected to close in Q4 FY26, pending regulatory approvals.

  • The company will continue to monitor the impact of new Labour Codes and assess further effects on employee benefit liabilities.

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