Piramal Finance Limited — PPTs, 17-03-2026: Investor Presentation

Here's a summary of Piramal Finance's investor presentation:

**1. Business Performance:**

Piramal Finance is showing robust growth, with total AUM up 23% YoY to ₹96,690 Cr. The "Growth Business" segment is driving this, with AUM rising 34% YoY, now making up 95% of the total. Retail lending is the dominant segment, contributing 82% to total AUM, and it experienced a 34% YoY increase in its own AUM. The Wholesale 2.0 segment also saw healthy growth, with AUM up 35% YoY to ₹12,047 Cr, driven by real estate and corporate mid-market lending. Legacy business continues to shrink, now at 5% of total AUM.

**2. Growth Drivers or Strategy:**

The company is focused on scaling its retail lending business through a "High Tech / High Touch" model, leveraging technology and a strong branch network. They are also building out the Wholesale 2.0 segment by tapping into underpenetrated real estate and mid-market corporate lending opportunities. Digitization and AI integration are key strategic enablers across operations.

**3. Recent Developments:**

Piramal Finance has seen strong funding momentum, including an inaugural $350 million DFI funding from IFC & ADB and a Crisil rating of AA+ for its long-term debt. They also announced the monetization of their stake in Shriram Life Insurance for ₹600 Cr.

**4. Key Financial Metrics:**

Consolidated NIM increased 51 bps YoY to 6.3%. The growth business reported a PBT of ₹1,066 Cr for 9M FY26. Leverage stands at 3.5x (AUM/Equity), with a Capital Adequacy ratio of 20.3%. Reported Net Profit After Tax for Q3 FY26 was ₹401 Cr, a 940% YoY increase.

**5. Management Commentary / Outlook:**

Management remains on track to meet FY26 targets, with expectations for continued AUM growth and profitability improvements. They are focused on further enhancing productivity, maintaining stable asset quality, and building a diversified, granular lending portfolio. The long-term goal is to achieve over ₹1.5 Lakh Crore in AUM by March 2028.