Piramal Finance Ltd (NSE: PEL) closed at ₹1,822.10, higher on the day at the market close following the release of its third‑quarter financial results.
Market Capitalization
Market capitalization stood at approximately ₹40,664 crore at the close.
Latest Quarterly Results (Q3 FY26)
• Consolidated revenue for the quarter was ₹1,480 crore, up 29% year over year.
• Net profit after tax stood at ₹401 crore, compared with ₹39 crore in Q3 FY25.
• Year‑over‑year net profit growth was driven by scale‑up in the retail and wholesale businesses.
Segment Highlights
• Retail assets under management: ₹79,413 crore, up 34% year over year.
• Wholesale 2.0 assets under management: ₹12,047 crore, up 35% year over year.
• Legacy assets under management: ₹5,230 crore.
Financial Trends
Operating Performance (quarterly revenue and net profit)
Market Performance (recent closing prices)
Full‑Year Results Context
For the full year, revenue and profitability showed growth compared with the prior year, reflecting expansion in the retail‑led lending franchise.
Business & Operations Update
• Total assets under management increased to ₹96,690 crore.
• Net interest margin expanded to 6.3% during the quarter.
• Gross non‑performing assets were reported at 2.6%, with net NPAs at 1.9%.
• The company secured long‑term funding from multilateral development institutions.
M&A or Strategic Moves
• The company announced the divestment of its stake in Shriram Life Insurance for ₹600 crore.
Equity Analyst Commentary
• Institutional research summaries referenced the company’s profitability improvement and balance-sheet repositioning following the quarter.
Guidance & Outlook
• Execution of the announced divestment, funding‑cost trends, and progress in scaling the retail loan book.
Performance Summary
• Shares closed higher on the day.
• Q3 FY26 revenue was ₹1,480 crore, and net profit was ₹401 crore.
• Retail and wholesale portfolios remained the primary contributors to growth.