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Piramal Finance Ltd.

PIRAMALFINFinancial Services filings

We hold this company’s filings and have not read the financial statements out of them yet. Every filing on record is listed under filings, and each one opens.

Earnings calls

3 transcript(s)/analyst meet(s) served; 0 document(s) on file are not transcripts (cover letters, duplicates, unresolved) and are excluded. Speaker attribution is shown only where the segmenter attributes ≥ 95% of sentences to management or analysts (0 of 3 documents here); elsewhere sentences render unattributed.

KindDatePeriodServedAttribution rate
TRANSCRIPT202602022025-12-31yes
TRANSCRIPT202604302026-03-31yes
TRANSCRIPT202607222026-06-30yes

PIRAMALFIN

files the standard Schedule III statements. Every figure below opens to the filing it was read from; where a figure is not shown, the reason is printed in its place.

Identity

Statement divisiongeneral
Scope servedconsolidated
Panels on this page4

Market

No split, bonus or consolidation is on record for this company inside the period this price series covers, so the closes need no adjustment.

Last close2,104.30
52-week rangenot reported for this period
Return 1M-3.53%
Return 3M-1.25%
Return 1Ynot reported for this period
Return 3Ynot reported for this period
Return 5Ynot reported for this period
Market capitalisationnot shown — we could not confirm it
Shares outstandingnot shown — we could not confirm it
P/Enot shown — we could not confirm it
P/Bnot shown — we could not confirm it
EV/EBITDAnot shown — we could not confirm it

Latest quarter filed — period ending 2026-06-30

In INR crore except per-share figures. `period_id` is the period the filing names for the number; the date beside each cell is when it was filed.

Revenue from operations3,368.00
Other income61.00
Total income3,430.00
Cost of materials consumed0.00
Purchases of stock-in-trade0.00
Changes in inventories0.00
Employee benefit expense504.00
Finance costs1,734.00

Ownership — 2026-06-30, and the change from 2026-03-31

HolderPer centChange
promoter and promoter group0.460.00
institutions foreign0.150.01
institutions domestic0.19-0.00
mutual funds0.130.01
public0.540.00

Documents on file

ClassMost recentOn file
TRANSCRIPT2026-06-303

Financial statements

Filed results, consolidated, in INR crore except per-share figures. Every figure opens to the filing it was read from. Quarterly and annual columns are the periods the filing itself names, never a document date.

Quarterly results, as filed

Line2025-12-312026-03-312026-06-30
Revenue from operations2,918.003,424.003,368.00
Other income57.0042.0061.00
Total income2,975.003,466.003,430.00
Cost of materials consumed0.000.000.00
Purchases of stock-in-trade0.000.000.00
Changes in inventories0.000.000.00
Employee benefit expense477.00430.00504.00
Finance costs1,646.001,674.001,734.00
Depreciation and amortisation57.00645.0056.00
Other expenses287.00377.00329.00
Total expenses2,686.004,296.003,085.00
Profit before exceptional items and tax289.00-830.00344.00
Exceptional items0.001,326.000.00
Profit before tax289.00496.00344.00
Current tax-72.00-1.00-4.00
Deferred tax-2.004.00-14.00
Tax expense-73.003.00-18.00
Profit for the period401.00502.00461.00
Profit attributable to owners400.00501.00459.00
Profit attributable to non-controlling interests1.001.002.00
Other comprehensive income-3.00-214.00200.00
Total comprehensive income398.00287.00661.00
Earnings per share, basic17.6922.1420.38
Earnings per share, diluted17.5022.0120.27
Interest earned2,730.002,914.003,085.00
Fees and commission income124.0075.00127.00
Net gain on fair value changes0.000.000.00
Dividend income12.0016.0018.00
Rental income32.0034.0036.00

Annual results, as filed

Line2026-03-31
Revenue from operations11,852.00
Other income179.00
Total income12,032.00
Cost of materials consumed0.00
Purchases of stock-in-trade0.00
Changes in inventories0.00
Employee benefit expense1,811.00
Finance costs6,379.00
Depreciation and amortisation903.00
Other expenses1,269.00
Total expenses12,083.00
Profit before exceptional items and tax-51.00
Exceptional items1,245.00
Profit before tax1,194.00
Current tax-95.00
Deferred tax-28.00
Tax expense-123.00
Profit for the period1,506.00
Profit attributable to owners1,504.00
Profit attributable to non-controlling interests2.00
Other comprehensive income-277.00
Total comprehensive income1,229.00
Earnings per share, basic66.49
Earnings per share, diluted66.11
Interest earned10,623.00
Fees and commission income434.00
Net gain on fair value changes0.00
Dividend income53.00
Rental income133.00

Balance sheet, as filed

Line2026-03-31
Total assets110,546.00
Property, plant and equipment169.00
Capital work-in-progress0.00
Goodwill2.00
Other intangible assets349.00
Inventories0.00
Cash and cash equivalents4,123.00
Total equity and liabilities110,546.00
Equity28,191.00
Equity share capital45.00
Other equity28,103.00
Total liabilities82,355.00

Cash flow, as filed

Line2026-03-31
Net cash from operating activities-15,892.00
Net cash from investing activities2,631.00
Net cash from financing activities12,393.00
Purchase of property, plant and equipment116.00
Net increase in cash-869.00
con:CFO.BEFORE_TAX-10,347.00
con:INTEREST_RECEIVED.OPERATING0.00
con:INTEREST_PAID.OPERATING5,758.00
con:DIVIDENDS_RECEIVED.OPERATING0.00
con:TAX_PAID.OPERATING-213.00
con:CF_OTHER.OPERATING0.00
con:INVESTMENTS_PURCHASED582,555.00
con:INVESTMENTS_SOLD583,772.00
con:PPE_DISPOSALS59.00
con:CF_INVESTING.SUBSIDIARIES_SOLD0.00
con:CF_INVESTING.SUBSIDIARIES_ACQUIRED0.00
con:CF_INVESTING.JV_SOLD0.00
con:CF_INVESTING.JV_ACQUIRED-95.00

Who owns it

The shareholding pattern filed with the exchange every quarter, as a series. Percentages are of total shares. Each figure names the filing it was read from and the date it was filed.

Holder2025-09-252025-12-312026-03-312026-06-30
Promoter and promoter group0.460.460.460.46
Domestic institutions0.140.160.190.19
Mutual funds0.070.090.120.13
Insurance companies0.050.050.050.04
Foreign institutions0.150.160.150.15
Government0.000.000.000.00
Public0.530.530.540.54
Non-institutional0.240.220.200.20
Shares outstanding226677700226677700226677700226677700

What management said

Every earnings call we hold for this company, read in full. Prepared remarks are separated from the question-and-answer session and every paragraph names who said it and on which page. These are management’s own words, not filed figures.

DateQuarterWho spoke
2026-07-22Q1FY27Read the call
2026-04-30Q4FY26Read the call
2026-02-02Q3FY261k Piramal, FinanceRead the call

What they said about it, quarter by quarter

TopicQ1FY27Q3FY26Q4FY26
Capex—What's the timeframe to set up the 100 new branches and additional Capex that you guys expect to spend?—
Capital allocationAnd secondly, the capital raise that you're planning to do, you very well explained that, but is there a possibility that we could look for some kind …And of course, all acquisition costs belong to the originating partner as well.Our profitability continues to improve and we also have investments that can potentially be divested to unlock capital.
CostsHas that panned out for your book in this quarter or maybe if you plan to do it in the coming quarters given that the cost of fund is something which …——
Debt and cashAnd the third is operating cash flows just being stronger than our underwriting case.——
DemandWhat is true, though, is that organically the demand levels are low in small ticket housing.However, demand in retail remains very strong and you should expect healthy growth in retail disbursements in Q4, in line with the growth trajectory t…—
Guidance—This transaction is expected to conclude in Q4. We expect further monetization of our other investments in the coming quarters.So, are we expecting FY27 credit cost to remain benign because of probably, for whatever reasons, or do you think that it's the margin and the cost le…
MarginSo that has already happened and we have taken kind of appropriate measures internally to slightly add to the level of caution that we have on this se…Led by expanding consolidated margins, stable risk and improving operating leverage, our 9-month FY '26 consol PAT now stands at above INR 1,000 crore…Just as we have done in the past, we remain committed to maintain a comfortable margin of safety over regulatory capital requirement.
Pricing—This year we have also kept pricing on all retail products quite firm in the 3rd Quarter versus the second quarter, as you will notice in product leve…You know, we'd rather find something which even if it's a little imperfect, but it is at a value pricing, we'd prefer that kind of a story.
Revenue growthOperating expenses growth was contained at 10% year-on-year.We ended the 3rd Quarter with a retail AUM growth of 34% year-on-year.Full year FY26 net profit was INR1,506 crores versus INR485 crores in FY25. Proforma PBT for Growth business stood at INR495 crores in Q4 FY26, implyi…