Piramal Enterprises Limited — PPTs, 27-01-2025: Investor Presentation

**Press Release Summary:**

Piramal Enterprises Limited reported consolidated results for Q3 FY25, showcasing a 16% year-on-year increase in Total Assets Under Management (AUM) to INR 78,362 Cr. The company's Growth AUM surged by 40% YoY to INR 68,009 Cr, shifting the Growth to Legacy AUM proportion to 87:13. The Legacy AUM decreased to INR 10,353 Cr, down 14% QoQ and 45% YoY, with plans to reduce this to under 10% of total AUM by March 2025. Notably, the company achieved AIF recoveries of INR 551 Cr. The reported Profit After Tax (PAT) stood at INR 39 Cr, while the capital adequacy ratio remained robust at 23.7%. The merger process with PCHFL is projected for completion by September 2025, aiming to enhance operational synergies and expand market presence.

**Investor Presentation Highlights:**

1. **Financial Highlights:** Total consolidated AUM increased by 16% YoY to INR 78,362 Cr, driven by robust Growth AUM, which grew 40% to INR 68,009 Cr. Consolidated PAT reported at INR 39 Cr, reflecting improved financial health.

2. **Strategic Initiatives and Growth Drivers:** Focus on retail lending continues, with Retail AUM expanding 37% YoY to INR 59,093 Cr, supported by a stable 90+ DPD delinquency ratio of 0.8%. Opex to AUM has decreased, demonstrating operational efficiency.

3. **Business Developments:** Highlighted the strong partnership network, including collaborations with leading banks for Direct Assignment and Co-lending initiatives.

4. **Market Position and Competitive Advantage:** Shifting focus from Legacy to Growth business with an improved AUM mix. The company is positioned to leverage strong liquidity and capital adequacy to drive growth.

5. **Investor Implications:** Positive outlook supported by strong AUM growth, asset quality improvement, and effective strategy execution. Investors are encouraged to watch the performance trajectory and the forthcoming merger's impact on operational synergy.

**Company Announcements:**

Piramal Enterprises successfully commenced preparations for the merger with PCHFL, with regulatory processes underway for name changes to Piramal Finance Ltd. The merger aims to create a unified financial services entity by September 2025, enhancing efficiencies across operations and expanding market reach.