GENERAL19 Oct 2026
Piramal Finance Q2 profit jumps 65% on retail loan growth
Piramal Finance reported a 64.79% rise in September-quarter net profit to ₹538.59 crore, helped by retail asset growth and higher net interest income. Revenue from operations rose 27.43% to ₹3,659.19 crore, while assets under management grew 24% to ₹1,13,112 crore, with the retail book up 30%. Gross bad loans were 2.4%. The lender separately raised ₹3,850 crore.
Key Statutory Highlights
- Net interest income rose 35% to ₹1,530 crore, and pre-provision operating profit climbed 64% to ₹846 crore.
- Retail disbursements grew 34% to ₹14,646 crore, and the cost-to-income ratio fell to 52.1% from 61.2%.
- Dinesh Kumar Khara, former chairman of the State Bank of India, joins the board as an independent director for five years.
Actionable Advice for Taxpayers / Founders:Nothing in the release asks anything of the reader. The numbers to track next are the 2.4% gross bad loan ratio and the 30% retail asset growth the company reported for the September quarter.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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