Piramal Finance Limited — Investor Meet, 22-07-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Piramal Finance Limited held a conference call to discuss the Unaudited Financial Results for the quarter ended June 30, 2026. Key discussions included AUM growth, profitability drivers, asset quality stability, and strategic priorities, particularly concerning technology and AI integration. Management expressed confidence in meeting FY27 guidance.

**Financial Performance:**

* Total AUM grew 25% YoY to ₹1,06,940 Cr, with growth AUM up 32% YoY.

* PAT increased 67% YoY to ₹461 Cr.

* Return on AUM (ROAUM) for the growth business was 1.9% (vs. 1.5% YoY).

* Net interest margin (NIM) stood at 6.5%.

**Management Commentary & Outlook:**

Management highlighted consistent performance across AUM growth, profitability, and stability. They are focusing on a retail-led, diversified business model, enhanced by technology and AI. The company is confident in achieving its FY27 guidance for AUM and profit growth.

**Operational Updates:**

* Retail AUM grew 32% YoY to ₹91,249 Cr, with mortgages forming 57% of total AUM.

* Wholesale AUM increased 27% YoY to ₹13,238 Cr.

* Customer franchise grew 24% YoY to 6 million.

**Analyst Q&A Highlights:**

* Discussion around potential stress in the IT sector for salaried employees, particularly in secured products, is being monitored.

* Digital loan book growth is linked to risk performance and the Fintech ecosystem's activity.

* The company is evaluating its capital adequacy and potential capital raise to support growth.

**Investor Angle:**

Management appears confident in the business model and growth trajectory, citing stable asset quality and strong operational efficiency. The focus on AI and technology is a key strategic theme.