GENERAL19 Oct 2026
Piramal Finance Q2 profit up 67% to ₹545 crore
Piramal Finance posted a 67 per cent rise in net profit to ₹545 crore for the September quarter. Core net interest income grew 35 per cent to ₹1,530 crore as assets under management rose 24 per cent. The cost-to-income ratio fell to 52.1 per cent from 61.2 per cent. The lender's MD expects margins to widen by up to 0.20 per cent over the next year.
Key Statutory Highlights
- Net profit rose 67 per cent year on year to ₹545 crore, helped by core income growth and lower costs.
- Gross non-performing assets held steady at 2.4 per cent of the book as of September 2026.
- The managing director expects margins to widen by up to 0.20 per cent over the next year, helped by a recent rating upgrade.
Actionable Advice for Taxpayers / Founders:Watch the margin guidance over the coming year. The MD credits a recent rating upgrade with lowering borrowing costs over two to three years, while early repayments trimmed AUM growth this 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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