Q4-FY26 · Anand Pamal
We have completed our AUM mixed transition with a legacy book down 59% year-on-year to 2,87 crores versus the target of reducing it to 3 to three and a half thousand crores.
PIRAMALFINANCE / language trends
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Piramal Finance · tone and specificity signals across the available quarters.
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Language signals
What changed in management language.
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Q4-FY26 · Jarram Shridharan
We have now consistently reduced our opex to AUM ratio for 3 years and have now entered the target range which we had indicated some years earlier.
Q4-FY26 · Jarram Shridharan
If it comes to choosing between a declining opex to assets ratio and putting up new branches in this year our bias will still be towards the opex to assets curve.