Piramal Finance Reports Strong Growth with Consolidated PAT of ₹ 1,506 Cr in FY2026

Piramal Finance Reports Strong Growth with Consolidated PAT of ₹ 1,506 Cr in FY2026​

Mumbai, India | April 27, 2026: Piramal Finance Limited today announced its consolidated financial results for the fourth quarter and full year ended March 31, 2026. The company highlighted a year of robust growth and improved profitability, attributed to disciplined execution and a strategic shift toward a retail-led, AI-native operating model.

Consolidated Financial Highlights​

Piramal Finance reported significant growth across key metrics during the fiscal year. The company's total Assets Under Management (AUM) crossed the ₹ 1 lakh crore mark, marking a 25% Year-over-Year (YoY) increase to ₹ 1,01,230 Cr.

Financial figures comparing the past four quarters and the full fiscal year are presented below:


The Profit After Tax (PAT) saw a 390% YoY surge in Q4 FY26, leading to a 210% YoY increase in total PAT for FY26. Net Income Margin expanded by 14 basis points (bps) YoY and 23 bps Quarter-over-Quarter (QoQ) to 6.5% in Q4 FY26, supported by an improved portfolio mix and moderating costs of borrowing.

Asset quality remained stable, with Gross Non-Performing Assets (GNPA) at 2.3% and Net Non-Performing Assets (NNPA) at 1.6%. The company maintained a strong balance sheet, reporting Networth of ₹ 28,191 Cr and robust liquidity of ₹ 8,640 Cr (8% of total assets) in cash and liquid investments.

Segment Growth and Market Development​

The retail segment was a primary growth engine. Retail AUM grew 33% YoY, reaching ₹ 85,885 Cr, constituting 85% of the total AUM. The Mortgage AUM specifically grew 32% YoY to ₹ 57,837 Cr, which accounts for 57% of the total AUM. For the fourth quarter, retail disbursements grew 34% YoY to ₹ 13,101 Cr.

The Wholesale 2.0 segment also demonstrated expansion, with its AUM growing 38% YoY to ₹ 12,538 Cr. Wholesale 2.0 disbursements for Q4 FY26 grew 63% YoY to ₹ 2,782 Cr.

Piramal Finance also reported several strategic corporate developments during the quarter, including:

• Receiving approximately US$148 mn in deferred consideration from the sale of Piramal Imaging.
• Completing the sale of Shriram Life Insurance stake for ₹ 600 Cr.
• Securing US$350 mn of inaugural DFI funding from IFC & ADB.
• Adding ₹ 10,110 Cr of assessed tax losses, bringing cumulative assessed tax losses to approximately ₹ 24,600 Cr.

Focus on Digitalization and AI Adoption​

The integration of Artificial Intelligence (AI) was central to the company's operational improvements. Piramal.ai adoption grew over 3x in FY26.

AI analysis was deployed across underwriting, collections, and customer service:

• Underwriting: AI analyzed approximately 1.99 lakh bank statements in Q4 FY26, enabling faster and more consistent credit decisions.
• Fraud Detection: AI agents flagged over 19 lakh fraud cases in Q4 FY26, doubling detection volumes compared to Q1 FY26.
• Collections: AI-driven, hands-free monthly collections increased nearly 10x, reaching ₹ 834 crore per month in Q4 FY26 from ₹ 84 crore in Q1 FY26.

The deployment of AI also delivered operating leverage, leading to disbursement per branch rising 19% YoY and per employee increasing 14% in Q4 FY26, without requiring a linear increase in manpower.

Financial Statements Snapshot​

The consolidated income statement highlights the company's revenue streams and operational efficiency:


The company's profitability was further bolstered by exceptional items, including a ₹ 263 Cr gain from the sale of Shriram Life Insurance stake, and the inclusion of an Imaging gain of ₹ 1,326 Cr in FY26.

Anand Piramal, Chairman of Piramal Finance Ltd., stated that while crossing ₹ 1 lakh crore in AUM is a milestone, the focus remains on the quality and consistency of progress. He emphasized that the company is committed to driving retail-led growth and expanding access to credit, leveraging its AI platform, Piramal.ai, to enhance efficiency and manage risk.

PIRAMALFIN Stock Price Movement​

Shares of Piramal Finance Limited today slipped by 1.35% to settle at ₹1843.1. The stock saw significant activity, trading on a volume of 211,139 shares during the session.