Piramal Finance earnings calls.

Piramal Finance delivered a standout Q3 FY26 with consolidated PAT of Rs 400.1Current reported value: 400.1. No comparable prior figure is available in the source record. crore surging 926% YoY from Rs 39 crore, driven by robust 23% AUM growth to Rs 96,690 crCurrent 96,690 Cr. Reported change: +23% YoY.ore. The growth business PBT crossed Rs 1,000 crore on a 9-month basis. Margins expanded 51 bps YoY to 6.3Current reported value: 6.3. No comparable prior figure is available in the source record.% with continued operating leverage improvement—OPEX to AUM fell to 3.8%. The landmark A+/credit rating upgrade from Crisil should lower borrowing costs by 50-80 bps and expand ROA trajectory toward the 3% target. Retail disbursements were intentionally front-loaded in H1; Q4 should see seasonal recovery. Two key leadership transitions announced—Imtiaz Ahmed as CBO and Vikas Aurora as COO effective April 1. 100 branchesCurrent reported value: 100 branches. No comparable prior figure is available in the source record. to open in Q4 (25 full-service, 20 gold loan, 55 microfinance). Monetization of Shriram Life stake (~Rs 600 crore) expected in Q4. Key risks include rising competition compressing yields in a falling rate environment and elevated repayments (66% of wholesale disbursements) moderating net book growth.