Piramal Finance Q2 Net Profit Soars 64.79% to ₹538.59 Cr

Piramal Finance’s Q2 net profit jumped 64.79% YoY to ₹538.59 crore, nudging shares down 0.015% to ₹1,950 in today’s session.

Consolidated revenue rose 27.43% to ₹3,659.19 crore, beating the analyst consensus of ₹3,500 crore. Total expenses climbed 20.55% to ₹3,174.02 crore, dragging the cost‑to‑income ratio down to 52.1% from 61.2% a year earlier.

Net interest income surged 35% to ₹1,530 crore, while pre‑provision operating profit leapt 64% to ₹846 crore from ₹515 crore. The company’s gross NPA sits at 2.4%, with net NPA at 1.7%, underscoring disciplined credit risk management.

Assets under management grew 24% YoY to ₹1,131.12 crore, with retail AUM up 30% to ₹97,462 crore and wholesale AUM 24% higher at ₹13,978 crore. Retail disbursements climbed 34% to ₹14,646 crore, reflecting sustained loan demand.

A ₹3,850 crore equity infusion—₹2,100 crore qualified institutional placement and ₹1,750 crore preferential warrants—was completed this quarter, signalling management’s confidence in growth prospects. Chairman Anand Piramal said the financing will support further AUM expansion.

The board welcomed ex‑SBI Chairman Dinesh Kumar Khara as an independent director for a five‑year term. Investors will now watch the next earnings call for guidance on interest margin trends and the impact of the new capital base on leverage ratios.