Piramal Enterprises Limited — Updates, 23-10-2024: Press Release

Piramal Enterprises reported a 12% YoY increase in total AUM to INR 74,692 Cr for Q2 FY25, driven by a 45% growth in the Growth business AUM. Retail AUM rose 42% to INR 54,737 Cr. Consolidated PAT stood at INR 163 Cr. The company plans to reduce legacy AUM below 10% by March 2025. Solid asset quality was noted, with a GNPA ratio of 3.1%. Additionally, they successfully raised $150 million through a Sustainability Bond in October 2024.