Piramal Enterprises Limited — PPTs, 13-08-2025: Investor Presentation

1. Financial Highlights:

Consolidated AUM surged 22% YoY to ₹85,756 Cr, fueled by Retail (up 37% YoY to ₹69,005 Cr) and Wholesale 2.0 (up 47% YoY to ₹10,425 Cr). Legacy AUM sharply cut to ₹6,327 Cr. Consolidated PAT jumped 52% YoY to ₹276 Cr, with Net Interest Margin (NIM) at 5.9%. Asset quality stable (GNPA 2.8%), backed by a ₹27,174 Cr Net Worth and strong liquidity.

2. Strategic Initiatives & Growth Drivers:

The company's core strategic shift is towards a retail-led model (80% of AUM), leveraging a 'High Tech + High Touch' approach. This integrates AI/ML for efficient underwriting and operations, supported by a 517-branch network. Wholesale 2.0 is building a granular, cashflow-backed book in real estate and corporate mid-market lending.

3. Business Developments:

The PEL-PFL merger is on track for September completion, aiming to simplify the corporate structure. Active expansion of Direct Assignment (DA) and Co-lending partnerships, including leveraging Common Services Centres (CSCs), is notably boosting off-balance sheet growth.

4. Market Position & Competitive Advantage:

Backed by a strong promoter group and expert management, the company leads in small-ticket mortgages. Its superior data-driven underwriting, blending AI/ML insights with extensive personal discussions and in-house appraisals, ensures robust risk management and portfolio quality.

5. Investor Implications:

Robust growth across core segments, improving profitability, and reduced legacy risk signal positive growth potential. The ongoing corporate simplification and strong balance sheet bolster the investment case. The tech-enabled 'High Tech + High Touch' model showcases effective execution.