Piramal Finance Ltd delivered exceptional financial results for FY26, reporting a consolidated profit after tax of ₹1,506 crore, representing a remarkable 210% year-on-year increase. According to reports from The Hindu BusinessLine, the Mumbai-based non-banking financial company achieved this milestone driven by robust growth in its retail lending portfolio and strategic asset sales. For the fourth quarter alone, PAT rose 390% year-on-year to ₹502 crore, demonstrating strong momentum in the final quarter of the fiscal year.
The company crossed a significant operational milestone as its total assets under management surpassed ₹1 lakh crore, reaching ₹1,01,230 crore — a 25% increase over the previous year. As reported by The Hindu BusinessLine, growth AUM, comprising retail and wholesale 2.0 lending, rose 33% to ₹98,423 crore, now accounting for 97% of total AUM as the company continues to wind down its legacy wholesale portfolio. Retail AUM expanded 33% year-on-year to ₹85,885 crore, forming 85% of total AUM.
Retail lending remained the primary growth engine, with mortgage loans — housing and loans against property — growing 32% to ₹57,837 crore. According to the company's results, Q4 disbursements rose 34% year-on-year to ₹13,101 crore. The company's extensive network spans 701 branches across 568 cities, serving 5.7 million customers and demonstrating strong geographic reach and customer base expansion.
The full-year results were significantly boosted by exceptional items totalling ₹1,509 crore, including a ₹1,326 crore gain from the sale of Piramal Imaging and ₹263 crore from divesting its Shriram Life Insurance stake. As reported by The Hindu BusinessLine, the company also secured $350 million in development finance institution funding from IFC and ADB during the quarter, strengthening its capital position for future growth initiatives.
On the credit quality front, gross non-performing assets held steady at 2.3% and net NPA at 1.6%, indicating stable asset quality management. According to the company's results, average borrowing costs declined 29 basis points year-on-year to 8.84%. The company received credit rating upgrades from multiple agencies including Crisil (AA+), ICRA (AA+), Care (AA+), S&P Global (BB) and a positive outlook revision from Moody's during the quarter. Net worth stood at ₹28,191 crore, with liquidity of ₹8,640 crore held in cash and liquid investments, representing 8% of total assets.
