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Here's a summary of Piramal Finance Limited's Q1 FY27 performance:
**Business Performance:**
Piramal Finance reported a strong Q1 FY27 with total AUM growing 25% YoY to ₹1,06,940 Cr. Retail AUM was the key driver, surging 32% YoY to ₹91,249 Cr. This growth was reflected in Profit After Tax (PAT), which jumped 67% YoY to ₹461 Cr. The growth business's Return on Average AUM (RoAUM) improved to 1.9%, up from 1.5% in Q1 FY26.
**Growth Drivers or Strategy:**
The company continues to focus on scaling its retail lending business, evident in the significant YoY growth. Emphasis on efficiency is seen with the retail opex-to-AUM ratio declining to 3.5%. Piramal Finance is also leveraging AI across its operations, with significant increases in AI usage for driving growth, underwriting, and improving customer experience.
**Recent Developments:**
Piramal Finance launched its AI-powered investor relations agent, Pia, offering round-the-clock assistance for investors.
**Key Financial Metrics:**
- Total AUM: ₹1,06,940 Cr (+25% YoY)
- Retail AUM: ₹91,249 Cr (+32% YoY)
- PAT: ₹461 Cr (+67% YoY)
- Growth book RoAUM: 1.9%
**Management Commentary / Outlook:**
The company highlights its rapid retail AUM growth compared to peers and its sustained focus on asset quality, with GNPA at 2.4%. The cost-to-income ratio for the company has improved to 52.5%.