Key Quantitative Figures (Q1 FY27 Consolidated)

  • Net Profit: ₹461 Crore, up 67% YoY (Q1 FY26: ₹276 Cr)
  • Total Income: ₹1,693 Crore, up 37% YoY (Q1 FY26: ₹1,237 Cr)
  • Net Interest Income: ₹1,442 Crore, up 43% YoY (Q1 FY26: ₹1,010 Cr)
  • Pre-Provision Operating Profit (PPOP): ₹804 Crore, up 89% YoY (Q1 FY26: ₹425 Cr)
  • Provisions & Loss (incl. FV gain): ₹460 Crore (Q1 FY26: ₹202 Cr; Q4 FY26: ₹1,787 Cr)
  • Total Assets Under Management (AUM): ₹95,369 Crore (Jun-25: ₹77,572 Cr)
  • Retail AUM: ₹91,249 Crore, up 32% YoY
  • Capital Adequacy Ratio: 18.85% (Jun-25: 19.29%; Mar-26: 19.77%)

Dates of Action

  • Filing Date with Exchanges: 25th August 2026
  • Scheduled Investor Conference: 1st September 2026 (Elara India Dialogue 2026, Mumbai)
  • Results Period: Quarter ended 30th June 2026 (Q1 FY27)
  • Earnings Conference Call: Scheduled for 16th July 2026

Parties Involved

  • Stock Exchanges: BSE Limited, National Stock Exchange of India Limited
  • Investor Conference Organizer: Elara
  • Company Representatives: Bipin Singh (Company Secretary), Ravi Singh (Head – IR, Strategy and Sustainability), Ruchika Jain (VP – IR and Sustainability)

Operational and Strategic Highlights

Retail Lending

  • Disbursements grew 44% YoY.
  • Branch network expanded to 780 branches across 607 cities in 26 states.
  • Total customer franchise reached 6 million, up 24% YoY.
  • 25-30% of unsecured disbursements were through cross-sell.
  • Asset quality remained stable with 90+ DPD at 2.4% (GNPA) and 1.6% (NNPA).
  • Product Mix (AUM): Housing (36.3%), LAP (30.8%), Used Car Loans (6.3%), UBL (6.8%), Salaried PL (9.2%), Digital Loans (5.7%), Rural Micro Loans (1.7%).

Wholesale Lending

  • Portfolio Effective Interest Rate (EIR) was 14.2%.
  • Repayments were strong at 74% of disbursements for the quarter.
  • Received pre-payments of ₹1,030 Cr in Q1 FY27.
  • Since inception (Q2 FY22), total disbursements are ₹28,113 Cr across 419 loans, with total repayments of ₹14,841 Cr.
  • Stage 2+3 assets were less than 0.2% of the wholesale book.

Technology & AI (Piramal.ai)

  • Launched AI-powered investor relations agent "Pia" (Piramal Investor Assistant) on 25th August 2026.
  • Use of Gen-AI grew more than 5x in the last year.
  • Key AI metrics for Q1 FY27: ₹33 Cr disbursements via voice bots, ₹1,019 Cr monthly collections through hands-free collections, 43% of inbound emails responded by AI.
  • Showcased AI applications in credit (Credit.ai), operations (Operations.ai), and collections (Collections.ai), claiming a ~50% increase in credit manager productivity in 2 years.

Financials Overview

Profit & Loss (Consolidated)

| Metric (₹ Cr) | Q1 FY27 | Q1 FY26 | % YoY | Q4 FY26 | % QoQ |

| Interest Income | 3,179 | 2,504 | 27% | 3,038 | 5% |

| Interest Expense | 1,736 | 1,494 | 16% | 1,676 | 4% |

| Net Interest Income | 1,442 | 1,010 | 43% | 1,362 | 6% |

| Total Income | 1,693 | 1,237 | 37% | 1,556 | 9% |

| Operating Expenses | 889 | 812 | 10% | 862 | 3% |

| PPOP | 804 | 425 | 89% | 694 | 16% |

| Provisions & Loss | 460 | 202 | 127% | 1,787 | -74% |

| Profit Before Tax | 443 | 301 | 47% | (1,085) | - |

| Net Profit | 461 | 276 | 67% | 502 | -8% |

Note: Q4 FY26 included exceptionals of ₹1,590 Cr (gains from Shriram LI stake sale and Piramal Imaging sale consideration). Q1 FY26 ECL rebalancing had a positive impact of ~₹105 Cr. Interest Income includes DA upfront income of ₹85 Cr in Q1FY27.

Balance Sheet (Consolidated)

| Particulars (₹ Cr) | Jun-26 | Jun-25 | Mar-26 |

| Cash & Liquid Investments | 6,925 | 9,070 | 8,640 |

| Gross AUM | 95,369 | 77,572 | 90,018 |

| ECL Provision | 2,167 | 1,829 | 1,843 |

| Net AUM | 93,203 | 75,743 | 88,175 |

| Net Worth | 28,906 | 27,174 | 28,191 |

| Gross Debt | 82,345 | 68,767 | 79,945 |

| Total Assets | 1,11,251 | 95,942 | 1,08,136 |

Asset Quality

Growth Assets (Retail + Wholesale)

| Parameter | Jun-26 | Mar-26 | Jun-25 |

| Total AUM (₹ Cr) | 92,917 | 87,211 | 71,245 |

| Stage 3 AUM (₹ Cr) | 1,862 | 1,627 | 1,251 |

| Total Provisions (₹ Cr) | 1,764 | 1,548 | 1,265 |

| Provision Coverage Ratio | 1.9% | 1.8% | 1.8% |

Total Assets (Incl. Legacy)

| Parameter | Jun-26 | Mar-26 | Jun-25 |

| GNPA Ratio | 2.4% | 2.3% | 2.8% |

| NNPA Ratio | 1.6% | 1.6% | 2.0% |

| Total Provisions as % of AUM | 2.3% | 2.1% | 2.4% |

Forward-Looking Statements / Guidance

The document contains standard forward-looking statements disclaimer. No explicit new quantitative guidance for future periods is provided beyond the presented long-range goals of scaling AUM and improving profitability and predictability.