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Informist, Friday, Jan. 23, 2026

--Piramal Finance Q3 consol net profit INR 4.00 bln vs INR 385.60 mln yr ago 

--Piramal Finance Q3 consol revenue INR 29.18 bln vs INR 28.25 bln year ago 

--Piramal Finance Apr-Dec consol PAT INR 10.03 bln vs INR 3.83 bln year ago 

--Piramal Fin Apr-Dec consol revenue INR 84.28 bln vs INR 74.16 bln yr ago 

By Udita S. Jaiswal 

MUMBAI – Piramal Finance Ltd. reported a significant growth in its bottom line for the December quarter on double-digit growth in interest income and income from fees and commission. The company's net profit also benefitted from a low single digit year-on-year decline in total expenses for the quarter.

The company, formerly known as Piramal Capital & Housing Finance Ltd., reported a consolidated net profit of INR 4.00 billion for the December quarter, up from INR 385.60 million a year ago. Its consolidated revenue for the quarter was INR 29.18 billion, up from INR 28.25 billion a year ago. The non-banking finance company's consolidated total income for the quarter rose to INR 29.75 billion from INR 28.78 billion a year ago.

Piramal Finance's total assets under management grew 23% on year to INR 967 billion as of Dec. 31. On the asset quality front, the gross non-performing assets ratio was 2.6%. The net non-performing assets ratio for the quarter was 1.9%.

The company's net interest income rose nearly 25% on year to INR 27.30 billion. The average cost of borrowing of 8.91% was down 26 basis points on year. The net interest margin expanded by 51 basis points on year to 6.3%, according to a press release by the company.

The company's total expenses fell to INR 26.86 billion from INR 27.92 billion a year ago. Its retail quarterly disbursements rose 26% on year to INR 104.98 billion.

The company's net profit for Apr-Dec rose nearly 162% to INR 10.03 billion, up from INR 3.83 billion a year ago. This growth was driven by better margins, stable asset quality, and operating leverage, without any major one-off gains, the company said in its press release. The company's revenue for the same period stood at INR 84.28 billion, up from INR 74.16 billion a year ago. 

The company secured funding of $350 million from International Finance Corp. and Asian Development Bank. "Growth business RoAUM* increased to 1.9% from 1.3% in Q3 FY25, supported by lower opex-to AUM," it said in a press release. "Earlier this month, we received a CRISIL AA+ rating for our long-term debt, which strengthens our ability to scale up responsibly and profitably," it said.

On Friday, shares of Piramal Finance ended nearly 2% lower at INR 1,793.90 on the National Stock Exchange.  End

US$1 = INR 91.95

Edited by Ashish Shirke

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