Piramal Finance's Q2 profit rises 67% to ₹545 crore; assets under management up 24%

What happened

• Piramal Finance reported a consolidated profit after tax of ₹545 crore for the September 2026 quarter, up 67% from ₹327 crore a year earlier, according to Kotak Neo and Whalesbook. Whalesbook's report is timed at 4:06 PM on Monday and Kotak Neo's at 5:42 PM.
• Kotak Neo gave net interest income as ₹1,530 crore, up 35%, and total income as ₹1,767 crore, up 33%. Assets under management were ₹1,13,112 crore, up 24%, and retail assets ₹97,462 crore, up 30%.
• Whalesbook said the cost-to-income ratio fell to 52.1% from 61.2% a year earlier, and that Moody's has upgraded the company to Ba2 with a stable outlook; it did not give the date of the upgrade. Retail loans make up 86% of assets under management.
• Kotak Neo noted the ₹3,850 crore the company raised earlier through a ₹2,100 crore institutional placement and a ₹1,750 crore preferential allotment to a promoter group entity.
• The shares closed at ₹1,952.40 on Kite data, up 0.11% from ₹1,950.30.

Why it matters

Good to know: The cost-to-income ratio is operating expenses divided by income. A lower figure means a smaller share of each rupee of income goes on running costs.

Key facts

Profit after tax

₹545 crore (₹327 crore a year earlier), up 67%

Net interest income

₹1,530 crore, up 35%

Assets under management

₹1,13,112 crore, up 24%

Cost-to-income ratio

52.1% (61.2% a year earlier)

Rating

Moody's Ba2, stable outlook

Read the source

• Piramal Finance Q2 Results: Profit Jumps 67% to ₹545 Crore as Retail AUM and AI Adoption GrowKotak Neo
• Piramal Finance Q2 Profit Jumps 67% to Rs 545 CroreWhalesbook