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Here's a summary of Piramal Finance's Q4 and full-year FY26 results:
**1. Business Performance:** The company reported strong growth, with Total AUM crossing ₹1 lakh crore, up 25% YoY to ₹1,01,230 Cr. This growth was primarily driven by the "Growth AUM" segment, which surged 33% YoY and now constitutes 97% of total AUM. Legacy AUM significantly declined, now representing less than 3% of the total. Consolidated PAT saw a substantial 390% YoY increase to ₹502 Cr.
**2. Growth Drivers or Strategy:** Piramal Finance is focusing on its retail segment, which saw AUM grow 33% YoY to ₹85,885 Cr. They are rapidly scaling this segment while simultaneously reducing opex-to-AUM by approximately 290 bps over the last 12 quarters, keeping retail 90+ DPD at a low 0.6%. The company is also building out a diversified and granular wholesale 2.0 book, with AUM up 38% YoY to ₹12,538 Cr.
**3. Recent Developments:** The company has seen several credit rating upgrades, with domestic long-term debt now rated AA+ by CRISIL, ICRA, and CARE. They also secured $350 million in inaugural DFI funding. The launch of the Gold loans business with 22 branches has begun, with plans to expand further.
**4. Key Financial Metrics:**
* Total AUM: ₹1,01,230 Cr (up 25% YoY)
* Consolidated PAT: ₹502 Cr (up 390% YoY)
* Growth AUM: ₹97,792 Cr (up 33% YoY)
* RoAUM (Growth Business): 2.1% in Q4 FY26
**5. Management Commentary / Outlook:** The company is on track to achieve its long-range goals, targeting ₹1.5 lakh Cr AUM by March 2028. They expect continued AUM growth and a significant 50% profit growth in FY27. The integration of AI, particularly through Piramal.ai, continues to be a key focus area, enhancing productivity and business processes.