Piramal Enterprises Limited — PPTs, 26-11-2024: Investor Presentation

**Financial Highlights:**

Piramal Enterprises reported a 17% increase in net interest income to INR 881 Cr for Q2 FY25, driven by a 22% rise in interest income. Despite a 19% decline in fee and commission income, other income surged 56% to INR 257 Cr, resulting in total income growth of 24% to INR 1,137 Cr. Total expenses rose by 12%, leading to a 58% increase in pre-provision operating profit to INR 396 Cr. Net profit after tax surged 238% year-on-year to INR 163 Cr.

**Strategic Initiatives and Growth Drivers:**

The company has effectively transitioned to a retail-led business with a diverse lending portfolio, highlighting significant growth in retail AUM, which reached INR 54,737 Cr, up 42% year-on-year. The Wholesale 2.0 strategy targets underpenetrated markets and aims to build a granular, diversified loan book.

**Business Developments:**

Piramal has reduced legacy AUM by 49% year-on-year to INR 12,066 Cr and plans to bring it below 10% of total AUM by FY25. The launch of innovative digital services has enhanced customer engagement and efficiency across lending products.

**Market Position and Competitive Advantage:**

The company's well-capitalized and liquid balance sheet supports future growth, underscoring its strong positioning in the retail finance market while addressing legacy issues.

**Investor Implications:**

With robust growth indicators, a strategic focus on retail lending, and significant progress in de-risking legacy assets, Piramal Enterprises presents a positive outlook for investors seeking long-term growth potential in the evolving financial services landscape.