Pune, July 17: Piramal Finance Ltd reported a 67 per cent year-on-year rise in its consolidated net profit to INR 461 crore for Q1 FY27 ended June 30, 2026, driven by strong growth in assets under management , AI enablement, higher retail disbursements and stable asset quality.
Retail disbursements rose 44 percent YoY to INR12,527 Cr, reflecting strong customer demand and sustained business momentum. AUM increased 25 percent to Rs 1.07 lakh crore, while retail AUM grew 32 percent at INR 91,249 Cr. The company’s board also approved a proposal to raise up to INR 4,000 crore, subject to shareholders’ approval.
Speaking on the strong performance, Anand Piramal, Chairman, Piramal Finance Limited, said,
“While Piramal Finance is the youngest among India’s Upper Layer NBFCs, we have already established a diversified retail franchise serving nearly six million customers across Bharat by combining the reach of our physical network with technology and AI embedded across every aspect of our operations,” he said.
The company had posted a consolidated net profit of INR276 crore in the corresponding quarter of the previous financial year.
The company’s nationwide footprint expanded to 780 branches across 607 cities in 26 states, while its customer base grew 24percentage YoY to 6 million, further strengthening its presence across India.
Gold loans will be a key focus area, the company highlighted. Piramal Finance disbursed INR6 crore of gold loans in Q1 FY27 alone. The company is planning to open around 200 gold loan branches across India during the current fiscal as part of its second phase drive to expand the gold loan business.