Piramal Group Housing Finance Company Reports Strong Q1 FY27 Results; PAT Jumps 67% YoY, Board Approves Rs 4,000 Crore Fund Raise

On Thursday, Indian equity benchmarks ended marginally lower, with the benchmark Nifty 50 index declining 5.75 points or 0.02 per cent to 24,072.75. Amid the broader market weakness, Piramal Finance share price gained 0.76 per cent or Rs 16.50 to Rs 2,186.50 after the company announced its financial results for the quarter ended June 30, 2026.

Piramal Finance Q1 FY27 Financial Performance

On a consolidated basis, total income increased 36.9 per cent YoY to Rs 1,693 crore in Q1 FY27 from Rs 1,237 crore in the corresponding quarter last year.

Profit before Tax (PBT) rose 47.2 per cent YoY to Rs 443 crore from Rs 301 crore, while profit after tax (PAT) increased 67.0 per cent YoY to Rs 461 crore from Rs 276 crore in Q1 FY26.

The company's net interest income (NII) grew 42.8 per cent YoY to Rs 1,442 crore, while pre-provision operating profit (PPOP) surged 89.2 per cent YoY to Rs 804 crore during the quarter.

Business Highlights

Assets Under Management (AUM) increased 25 per cent YoY to Rs 1,06,940 crore, driven by a 32 per cent YoY growth in retail AUM to Rs 91,249 crore and a 27 per cent YoY increase in wholesale AUM to Rs 13,238 crore.

Retail disbursements rose 44 per cent YoY to Rs 12,527 crore, while the company expanded its network to 780 branches across 607 cities in 26 states. Its customer franchise also grew 24 per cent YoY to 6 million customers. Asset quality remained stable, with GNPA at 2.4 per cent and NNPA at 1.6 per cent.
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Board Approves Rs 4,000 Crore Fund Raise

The Board of Directors approved a proposal to raise up to Rs 4,000 crore, subject to shareholders' approval. The company said it plans to raise the funds at an appropriate time to support its future growth plans.

Management Commentary

Commenting on the results, Anand Piramal, Chairman, Piramal Finance, said the company delivered a strong start to FY27, supported by the strength of its diversified retail franchise, technology-led operating model and balance sheet. He added that the company remains confident of achieving its guidance on AUM growth, PAT growth and RoAUM, while continuing to build a trusted financial institution focused on long-term value creation.

About Piramal Finance

Piramal Finance Limited is a retail-led upper-layer NBFC with a pan-India presence. As of June 30, 2026, the company managed Assets Under Management (AUM) of over Rs 1 lakh crore and served more than 6 million customers across 26 states through a phygital distribution model spanning over 13,000 pin codes.

The company offers a diversified portfolio of retail lending products, including affordable housing loans, loan against property, gold loans, microfinance, used car loans, personal loans and small business credit. It also provides wholesale financing solutions focused on Real Estate and select corporate segments while leveraging AI-enabled digital platforms to enhance customer experience and operational efficiency.

What are your views on Piramal Finance's strong Q1 FY27 performance and the Board's approval to raise up to Rs 4,000 crore? Share your thoughts in the comments below.
Disclaimer: The article is for informational purposes only and not investment advice.