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Informist, Thursday, Jul. 16, 2026

 

--Piramal Finance: Aim to take gold loan business to 200 branches in FY27

--Piramal Finance: No visible impact on loan portfolio from West Asia war

--Piramal Finance: Seeing little impact of W Asia war on unsecured loan book

 

By Shweta and Pratiksha

 

NEW DELHI – Piramal Finance Ltd. has not experienced any visible impact of the war in West Asia on its loan portfolio in the June quarter, its management said Thursday. The non-banking finance company's retail disbursements rose 44% on year to INR 125.27 billion in Apr-Jun.

 

In the home loan segment, the company reported 15% on-year growth to INR 27.70 billion, while its loan against property grew 29% on-year to INR 33.72 billion in the June quarter. Disbursements in the used car loans segment rose 15% on-year to INR 7.68 billion. In the gold loans business, the company disbursed INR 60 million in its first full month of operations, according to its investor presentation.

 

The company was "surprised" by the limited impact of the war on its unsecured loan business, management said during a post-earnings analyst conference call. Among its unsecured loan products, salaried personal loan disbursements rose 53% on year to INR 16.95 billion, digital loans jumped 115% on year to INR 25.14 billion, and unsecured business loan disbursements increased 48% on year to INR 9.16 billion. The war between the US and Iran started on Feb. 28 and continued through the June quarter before the two countries reached a peace deal.

 

Earlier in the day, Piramal Finance detailed its June quarter earnings and posted an over 66% on-year growth in its net profit to INR 4.59 billion. The company, formerly known as Piramal Capital & Housing Finance Ltd., reported the growth on the back of a 25% rise in its assets under management to INR 1.07 trillion as on Jun. 30. Its retail assets under management rose 32% on year to INR 912.49 billion and wholesale assets under management grew 27% on year to INR 132.38 billion at the end of the June quarter.

 

"The company delivered another quarter of consistent performance on AUM (assets under management) growth, profitability and stability of risk earnings," its senior management said. "Our growth AUM, which includes all our retail and wholesale AUMs but excludes the discontinued legacy business, now stands at 98% of the total AUM."

 

The company's management said it aims to expand its gold loan business to 200 branches in 2026-27 (Apr-Mar). "From our first 22 branches opened in Q4 (Jan-Mar), our gold loans network expanded to 67 branches at the end of Q1 (Apr-Jun). We have now started launching Phase 2 of our gold loans network, and we aim to take this business to 200 branches by the end of March 2027," the management said.

 

The company is also looking to fully penetrate the personal loan segment in terms of branches. The intention is to "get to 100% branch penetration on PL (personal loan) over the next two to three quarters," the management said. In Apr-Jun, the non-banking finance company added 79 new branches, bringing the total to 780. Thursday, the company's shares ended at INR 2,186.50 on the National Stock Exchange, up 0.8% from the previous close. End

 

Edited by Saji George Titus

 

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