Earnings Review
Sale of imaging ops help Piramal Fin PAT jump nearly 400%
This story was originally published at 20:29 IST on 27 April 2026
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--Piramal Finance Jan-Mar consol net profit INR 5.01 bln
--Piramal Finance Jan-Mar consol revenue INR 34.24 bln
--Piramal Finance Q4 consol net profit INR 5.01 bln vs INR 1.02 bln yr ago
--Piramal Finance Q4 consol revenue INR 34.24 bln vs INR 28.54 bln year ago
--Piramal Finance to pay INR 11 per share final dividend
--Piramal Finance Q4 net profit includes one-time income INR 13.26 bln
--Piramal Fin FY26 consol PAT INR 15.04 bln vs INR 4.85 bln year ago
--Piramal Fin FY26 consol revenue INR 118.52 bln vs INR 102.70 bln year ago
By Durgesh Nandan
MUMBAI – A one-time income from the sale of imaging business helped Piramal Finance Ltd. report a near-fivefold increase in its bottomline for the quarter ended March. The net profit was within the range of analyst expectations of INR 4.7 billion to INR 7.6 billion.
The company, formerly known as Piramal Capital & Housing Finance Ltd., reported a consolidated net profit of INR 5.01 billion for the March quarter, up nearly 390% on year. The financial services company's net profit included a one-time income of INR 13.26 billion from the sale of overseas imaging business. Excluding the one-time income, the company would have reported a loss for the quarter.
Piramal's consolidated revenue for the quarter was INR 34.24 billion, up 20% on year. The company's net interest income for the March quarter rose nearly 41% on year to INR 13.62 billion.
The average cost of borrowing of 8.84% was down 29 basis points on year. The net interest margin rose 23 basis points on quarter to 6.5%, up 14 bps year-on-year, due to improvement in portfolio mix and moderation in cost of borrowings, according to the press release by the company.
Piramal Finance's total assets under management grew 25% on year and surpassed INR 1 trillion as of Mar. 31. On the asset quality front, the gross non-performing assets ratio was 2.3% as of Mar. 31 from 2.6% on Dec. 31. The net non-performing assets ratio for the quarter was 1.6% as of Mar. 31 lower from 1.9% on Dec. 31.
The company's total expenses rose to INR 42.96 billion, up 43% from INR 30.07 billion from the year-ago period. The company sold its stake in Shriram Life Insurance for INR 6 billion and also secured $350 million of inaugural development finance institutions funding from International Finance Corp. & Asian Development Bank, as per the press release.
The company's net profit for the financial year 2025-26 (Apr-Mar) rose nearly 210% to INR 15.06 billion, sharply up from INR 4.85 billion a year ago. Consolidated revenue for FY26 was INR 118.52 billion, up from INR 102.70 billion a year ago.
Piramal Finance announced a dividend pay of INR 11 per share. On Monday, shares of the company ended down over 1% at INR 1,843.10 on the National Stock Exchange. End
US$1 = INR 94.19
Edited by Deepshikha Bhardwaj
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