Piramal Enterprises Limited — Updates, 27-01-2025: Press Release

**Consolidated Financial Highlights for Q3 FY25:**

Piramal Enterprises Limited reported a 16% year-over-year increase in Total Assets Under Management (AUM) to INR 78,362 Cr, driven by a robust growth business mix now at 87% against a legacy AUM of 13%. The Growth AUM rose 40% YoY, while Legacy AUM declined by 14% QoQ and 45% YoY, currently at INR 10,353 Cr. The company reported consolidated Profit After Tax (PAT) of INR 39 Cr and credit costs remained stable, with gross NPA at 2.8% and NNPA at 1.5%.

In the Retail segment, AUM increased 37% YoY to INR 59,093 Cr. Quarterly disbursements also grew by 9% YoY to INR 8,362 Cr, with a stable disbursement yield of 14.2%. The company expects significant AIF recoveries, having recorded INR 551 Cr in recoveries for the quarter.

Piramal’s merger with PCHFL is in progress, with the name change to Piramal Finance Ltd. anticipated by September 2025. Capital adequacy remains strong at 23.7%, supported by cash reserves of INR 8,277 Cr.

**Investor Implications:**

This performance indicates a positive outlook, with significant growth potential in the lending business while managing legacy assets. Investors should watch closely for upcoming recovery trends and the merger finalization as key indicators of future performance.