{"id":130429,"date":"2022-06-01T11:13:52","date_gmt":"2022-06-01T15:13:52","guid":{"rendered":"https:\/\/44.250.171.167\/?p=130429"},"modified":"2022-10-06T04:27:22","modified_gmt":"2022-10-06T08:27:22","slug":"piramal-enterprises-ltd-q4-fy22-earnings-conference-call-insights","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/piramal-enterprises-ltd-q4-fy22-earnings-conference-call-insights\/","title":{"rendered":"Piramal Enterprises Ltd Q4 FY22 Earnings Conference Call Insights"},"content":{"rendered":"<p><strong>Key highlights from Piramal Enterprises Ltd (<a href=\"https:\/\/44.250.171.167\/symbol\/PEL\/\">PEL<\/a>) Q4 FY22 Earnings Concall<\/strong><\/p>\n<p><strong>Management Update:<\/strong><\/p>\n<ul>\n<li>Over the next five years, PEL aspire to achieve a retail wholesale mix of two-thirds retail and one-third wholesale. PEL said it wants to double the AUM of the Financial Services business from FY22. PEL will also have significant retail growth with retail disbursements growing at 40-50% on a five-year CAGR basis.<\/li>\n<\/ul>\n<ul>\n<li>PEL is looking to expand its branch network further by adding 100 branches in FY23. Over the next five years, PEL target to have presence across 1,000 locations with over 500-600 branches.<\/li>\n<\/ul>\n<p><strong>Q&amp;A Highlights:<\/strong><\/p>\n<ul>\n<li>\u00a0Tushar Manudhane from Motilal Oswal asked about subdued margins in 4Q22. Ajay Piramal Chairman said that some of PEL\u2019s deliveries which were scheduled for 4Q could not get delivered because of various execution issues more specifically at the overseas sites. So some of them will spill over to 1Q23.<\/li>\n<\/ul>\n<ul>\n<li>Tushar Manudhane from Motilal Oswal asked about phenomenal growth in consumer products and outlook for 2-3 years. Ajay Piramal Chairman replied that PEL had consciously decided to reinvest profits back into the consumer products business and significantly increase the media spend. In the mid-term, PEL expects the consumer products to grow at about 20% with continued focus on growing the power brands through a lot of media and trade spend.<\/li>\n<\/ul>\n<ul>\n<li>Abhishek Sharma from Jefferies asked about FY23 pharma guidance and the growth expectation. Ajay Piramal Chairman said that for FY23 specifically the company is targeting a growth in the high teens for revenue. In terms of margins on a volatile environment, it\u2019s not right to give any number.<\/li>\n<\/ul>\n<ul>\n<li>Abhishek Sharma from Jefferies enquired that is it safe to say that 25-28% margin guidance is more back ended and any time frame to achieve it. Ajay Piramal Chairman said that it\u2019s over a 3-5 year period that the company is targeting to achieve the margin range.<\/li>\n<\/ul>\n<ul>\n<li>Deepak Gupta of SBI Pension Funds asked about the current restructured book now. Ajay Piramal Chairman replied that it\u2019s the same as mentioned last quarter; almost 3% of the company\u2019s wholesale loan book.<\/li>\n<\/ul>\n<ul>\n<li>Bhaskar Basu from Jefferies asked about the retail NPL of about 1%, if it pertains to the DHFL book or the new businesses generated over the last 6 months. Ajay Piramal Chairman said it\u2019s all going to be the legacy book; the new book has not had enough time to get into NPA.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Key highlights from Piramal Enterprises Ltd (PEL) Q4 FY22 Earnings Concall Management Update: Over the next five years, PEL aspire to achieve a retail wholesale mix of two-thirds retail and one-third wholesale. PEL said it wants to double the AUM of the Financial Services business from FY22. PEL will also have significant retail growth with [&hellip;]<\/p>\n","protected":false},"author":1767,"featured_media":125416,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[9825,392,5747],"tags":[1115,8145],"class_list":["post-130429","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-call-highlights","category-earnings","category-healthcare-stocks","tag-pharmaceuticals","tag-retail"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":140749,"url":"https:\/\/alphastreet.com\/india\/piramal-enterprises-ltd-q3-fy23-earnings-conference-call-insights\/","url_meta":{"origin":130429,"position":0},"title":"Piramal Enterprises Ltd Q3 FY23 Earnings Conference Call Insights","author":"Praveen","date":"February 9, 2023","format":false,"excerpt":"Key highlights from Piramal Enterprises Ltd (PEL) Q3 FY23 Earnings Concall Q&A Highlights: [00:16:30] Abhijit Tibrewal from Motilal Oswal asked about asset quality and the related provisions, if PEL can draw the comfort that it has fully provided on the stressed wholesale exposures. Ajay Piramal Chairman said the recognition cycle\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":127282,"url":"https:\/\/alphastreet.com\/india\/piramal-enterprises-ltd-q3-fy22-earnings-conference-call-insights\/","url_meta":{"origin":130429,"position":1},"title":"Piramal Enterprises Ltd Q3 FY22 Earnings Conference Call Insights","author":"Praveen","date":"February 11, 2022","format":false,"excerpt":"https:\/\/www.youtube.com\/watch?v=Wh0LRTM3LTg Key highlights from Piramal Enterprises Ltd (PEL) Q3 FY22 Earnings Concall Management Update: In financial service, PEL said it plans to increase the share of retail loans to two-thirds in the medium- to long-term. Q&A Highlights: Abhijit Tibrewal from Motilal Oswal asked about the disbursement split between the Engine\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":132138,"url":"https:\/\/alphastreet.com\/india\/piramal-enterprises-ltd-q1-fy23-earnings-conference-call-insights\/","url_meta":{"origin":130429,"position":2},"title":"Piramal Enterprises Ltd Q1 FY23 Earnings Conference Call Insights","author":"Praveen","date":"August 2, 2022","format":false,"excerpt":"https:\/\/youtu.be\/kHUXId_eoxg Key highlights from Piramal Enterprises Ltd (PEL) Q1 FY23 Earnings Concall Management Update: PEL said that it\u2019s on track to completion of de-merger and the listing of Piramal Pharma by 3Q23. Q&A Highlights: Tushar Manudhane from Motilal Oswal asked about the overall pharma revenue guidance for FY23-24. Jairam Sridharan\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":167304,"url":"https:\/\/alphastreet.com\/india\/piramal-enterprises-ltd-q3fy25-1-fall-in-revenue\/","url_meta":{"origin":130429,"position":3},"title":"Piramal Enterprises Ltd Q3FY25; 1% fall in Revenue","author":"Chirag Gupta","date":"March 10, 2025","format":false,"excerpt":"Piramal Enterprises Limited (PEL) is one of India\u2019s leading diversified non-banking financial companies (NBFC) with assets worth ~$10 billion, with a network of over 400 branches across 26 states\/Union Territories, offering a wide range of financial products and solutions across retail and wholesale lending, fund-based platforms and investments. 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