Financial Performance Highlights (Consolidated)

Income Statement (₹ Crore):

  • Interest Income: ₹3,179 Cr (up 27% YoY from ₹2,504 Cr in Q1 FY26; up 5% QoQ from ₹3,038 Cr in Q4 FY26)
  • Interest Expense: ₹1,736 Cr (up 16% YoY from ₹1,494 Cr; up 4% QoQ from ₹1,676 Cr)
  • Net Interest Income: ₹1,442 Cr (up 43% YoY from ₹1,010 Cr; up 6% QoQ from ₹1,362 Cr)
  • Fee & Commission Income: ₹127 Cr (up 11% YoY from ₹114 Cr; up 70% QoQ from ₹75 Cr)
  • Dividend Income: ₹18 Cr (up 23% YoY from ₹15 Cr; up 14% QoQ from ₹16 Cr)
  • Other Income: ₹106 Cr (up 8% YoY from ₹98 Cr; up 2% QoQ from ₹103 Cr)
  • Total Income: ₹1,693 Cr (up 37% YoY from ₹1,237 Cr; up 9% QoQ from ₹1,556 Cr)
  • Operating Expenses: ₹889 Cr (up 10% YoY from ₹812 Cr; up 3% QoQ from ₹862 Cr)
  • Pre-Provision Operating Profit (PPOP): ₹804 Cr (up 89% YoY from ₹425 Cr; up 16% QoQ from ₹694 Cr)
  • Provisions & Loan Loss: ₹460 Cr (up 127% YoY from ₹202 Cr; down 74% QoQ from ₹1,787 Cr)
  • Profit Before Tax & Associate Income: ₹344 Cr (up 55% YoY from ₹223 Cr; compared to loss of ₹1,093 Cr in Q4 FY26)
  • Associate Income: ₹99 Cr (up 26% YoY from ₹78 Cr; compared to ₹9 Cr in Q4 FY26)
  • Alternatives: ₹82 Cr (up 18% YoY from ₹70 Cr; compared to ₹10 Cr in Q4 FY26)
  • Pramerica Life Insurance: ₹17 Cr (up 91% YoY from ₹9 Cr; compared to loss of ₹2 Cr in Q4 FY26)
  • Profit Before Tax: ₹443 Cr (up 47% YoY from ₹301 Cr; compared to loss of ₹1,085 Cr in Q4 FY26)
  • Tax: Credit of ₹18 Cr (compared to expense of ₹25 Cr in Q1 FY26 and ₹3 Cr in Q4 FY26)
  • Exceptional Items: ₹0 Cr in Q1 FY27 (compared to ₹1,590 Cr in Q4 FY26)
  • Net Profit: ₹461 Cr (up 67% YoY from ₹276 Cr; down 8% QoQ from ₹502 Cr)

Business Performance Metrics

Retail Lending:

  • Retail AUM: ₹91,249 Cr (up 32% YoY)
  • Branch Network: 780 branches across 607 cities in 26 states
  • Retail Disbursements: Up 44% YoY
  • Customer Franchise: 6 million customers (up 24% YoY)
  • Cross-sell Contribution: 25-30% of unsecured disbursements
  • 90+ DPD: Stable across all products

Wholesale Lending:

  • Portfolio EIR (Effective Interest Rate): 14.2%
  • Repayments as % of Disbursements: 74% in Q1 FY27
  • Total Disbursements since inception (Q2 FY22): ₹28,113 Cr across 419 loans
  • Total Repayments since inception: ₹14,841 Cr
  • Q1 FY27 Pre-payments: ₹1,030 Cr
  • Q1 FY27 Repayments: ₹1,932 Cr
  • Stage 2+3 Assets: <0.2% of portfolio

Asset Quality (Consolidated as of June 2026):

  • Total AUM: ₹95,369 Cr
  • GNPA Ratio: 2.4% (2.3% in Mar-2026; 2.8% in Jun-2025)
  • NNPA Ratio: 1.6% (1.6% in Mar-2026; 2.0% in Jun-2025)
  • Total Provisions: ₹2,167 Cr (2.3% of AUM)
  • Stage 3 Provision Coverage: 31.5%

Growth Business AUM (Retail + Wholesale):

  • June 2026: ₹92,917 Cr
  • March 2026: ₹87,211 Cr
  • June 2025: ₹71,245 Cr

AI Integration & Digital Initiatives

  • Gen-AI use cases grew more than 5x in the last year
  • Launched Pia (Piramal Investor Assistant) - AI-powered IR agent for financial queries and transcript synthesis
  • Credit manager productivity increased ~50% in last 2 years through AI automation
  • Multiple AI implementations across operations, collections, and credit decisioning
  • ₹1,019 Cr monthly collections through hands-free collections (up from ₹84 Cr)
  • 43% of inbound emails responded by AI
  • 32% of customer onboarding done via bots

Capital Structure & Balance Sheet (Consolidated)

  • Total Assets: ₹1,11,251 Cr (₹95,942 Cr in Jun-2025; ₹1,08,136 Cr in Mar-2026)
  • Net Worth: ₹28,906 Cr (₹27,174 Cr in Jun-2025; ₹28,191 Cr in Mar-2026)
  • Gross Debt: ₹82,345 Cr (₹68,767 Cr in Jun-2025; ₹79,945 Cr in Mar-2026)

Forward-Looking Statements

Document contains standard forward-looking statements disclaimer regarding strategy implementation, growth plans, regulatory approvals, and market risks.

Investor Engagement

Scheduled earnings conference call for 16th July 2027 at 5:00 PM IST with international dial-in options available.