Piramal Enterprises Limited — PPTs, 29-07-2025: Investor Presentation

Here is the financial summary:

**1. Financial Highlights:**

Consolidated AUM grew 22% YoY to ₹ 85,756 Cr, with Retail AUM up 37% YoY to ₹ 69,005 Cr (80% of total). Profit After Tax (PAT) rose 52% YoY to ₹ 276 Cr. Growth business PBT was ₹ 295 Cr (+44% YoY). Opex-to-AUM for growth business reduced to 3.9%. Asset quality is stable: Retail 90+ DPD at 0.8%, Wholesale 2.0 with zero delinquencies. Gross debt-to-equity is 2.5x, supported by strong liquidity.

**2. Strategic Initiatives & Growth Drivers:**

Portfolio shifted to 93% Growth AUM. Legacy AUM cut 85% since March 2022, targeting further reduction by FY26. Branch network expanded to 517, improving product penetration. AI/Agentic solutions are enhancing productivity and risk management.

**3. Business Developments:**

PEL's merger with Piramal Finance Limited is set for Q3 FY26 completion, simplifying structure and providing direct access to the lending business.

**4. Market Position & Competitive Advantage:**

Multi-product strategy reinforces leadership in small-ticket mortgages. Wholesale 2.0's strong underwriting drives high repayments. Operational efficiency boosted by branch productivity and tech integration.

**5. Investor Implications:**

Strong AUM/PAT growth and effective legacy reduction indicate positive growth potential. Impending merger is a key catalyst. Stable asset quality and efficiency gains offer favorable insights.