Piramal Finance to start offering gold loans at 100 branches FY26, says CEO
This story was originally published at 15:40 IST on 27 November 2025
Register to read our real-time news.Informist, Thursday, Nov. 27, 2025
HYDERABAD - Piramal Finance Ltd. is planning to offer loans against gold soon through 100 select branches in the current financial year 2025-26 (Apr-Mar), Jagdeep Mallareddy, chief executive officer – retail finance, told Informist on Thursday. The company has 517 branches spread across 423 towns and cities. The company Thursday launched campaign on its retail lending operations in Telangana.
Mallareddy said the launch of gold loan services is part of its long-term retail strategy. The company is focused on tier-III and tier-IV towns for its retail loan book growth. He said the company aims to take the retail loan book to 85% of the total assets under management in FY26 against the 82% now. He reiterated that the company's total loan book may rise to INR 1.5 trillion by FY28 against the INR 914.5 billion as of Sept. 30. Out of the total loan book, INR 500 billion was mortgage loans like housing and loans against property, he said.
The company, formerly known as Piramal Capital & Housing Finance Ltd., reported a consolidated net profit of INR 3.27 billion for the September quarter, up from INR 1.63 billion a year ago. The consolidated revenue for the quarter was INR 28.72 billion, against INR 23.65 billion a year ago. The consolidated total income for the quarter was INR 29.00 billion against INR 24.52 billion a year ago.
On Thursday, shares of Piramal Finance closed 1.4% lower at INR 1,573.80 on the National Stock Exchange. End
Reported by Narayana Krishna
Edited by Akul Nishant Akhoury
For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.
Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.
Informist Media Tel +91 (22) 6985-4000
Send comments to feedback@informistmedia.com
© Informist Media Pvt. Ltd. 2025. All rights reserved.
To read more please subscribe
Share this Story:
