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Informist, Tuesday, Jul. 29, 2025

--Piramal Ent Apr-Jun consol net profit INR 2.76 bln vs INR 1.81 bln yr ago 

--Piramal Ent Apr-Jun consol revenue INR 26.43 bln vs INR 22.27 bln yr ago 

--Piramal Ent board OKs raising up to INR 10 bln via NCDs 

--Piramal Enterprises: Upma Goel resigned as CFO

By Gowri Lakshmi

MUMBAI – Piramal Enterprises Ltd.'s consolidated net profit for the quarter ended June surged over 52% from a year ago on the back on an over 24% rise in interest income to INR 23.93 billion. Dividend income surged to INR 148.8 million from INR 300,000 year ago. The company also made a net gain on fair value changes of INR 34.2 million.

The company's consolidated net profit for the June quarter was INR 2.76 billion, up from INR 1.81 billion a year ago. The consolidated revenue for the quarter was INR 26.43 billion, against INR 22.27 billion in the corresponding quarter last year.

However, rise in total expenses weighed on the profit. The company's total expenditure for the quarter shot up 23% on year to INR 24.71 billion. Sequentially, however, the expenditure fell 17.8%. Revenue from operations rose over 18% to INR 26.43 billion in Apr-Jun. Net loss on fair value changes under expenses were nil as against INR 2.26 billion in the year-ago quarter.

The assets under management of the company rose 22% on year led by retail assets, which constituted 80%. The company expects assets under management to rise to 25% in 2025-26 (Apr-Mar). The capital adequacy ratio of the company was 19.3% as on Jun. 30, against 23.6% as on Mar. 31. On the asset quality front, the gross non-performing assets ratio remained flat at 2.8% while net non-performing assets inched up to 2.0% from 1.9% quarter ago and from 1.1% on year.

Disbursements during Apr-Jun grew 46% on year to INR 23.02 billion. The net interest income of the company rose 25% on year to INR 10.10 billion. "FY26 has commenced on a strong note with profitable growth and disciplined execution. Our diversified lending model continues to scale efficiently – driven by robust asset quality, improved operating leverage, and deeper integration of technology and AI (artificial intelligence) across platforms," Ajay Piramal, chairman of the company, said in a press release.

The company plans to raise INR 10 billion by issuing non-convertible debentures on a private placement basis during the year, it said in the press release. The company also informed stocks exchanges Tuesday that Upma Goel, chief financial officer and key managerial personnel of the company, had resigned from her post on Monday.

On Tuesday, shares of Piramal Enterprises closed flat at INR 1,295 on the National Stock Exchange.  End

Edited by Ashish Shirke

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