Key Financial Figures (Standalone)

Balance Sheet (as of June 30, 2026)

  • Total Assets: ₹112,489.59 crores (vs. ₹109,542.43 crores as of March 31, 2026)
  • Financial Assets: ₹106,543.64 crores
  • Cash & cash equivalents: ₹1,519.28 crores
  • Bank balances (other): ₹1,598.87 crores
  • Loans: ₹90,348.79 crores
  • Investments: ₹9,750.63 crores
  • Non-Financial Assets: ₹5,945.95 crores
  • Current tax assets (net): ₹511.84 crores
  • Deferred tax assets (net): ₹2,812.10 crores
  • Liabilities: ₹83,572.44 crores
  • Financial liabilities: ₹82,754.11 crores
  • Debt securities: ₹31,389.80 crores
  • Borrowings (other than debt securities): ₹49,583.23 crores
  • Non-financial liabilities: ₹798.13 crores
  • Equity: ₹28,937.35 crores
  • Equity share capital: ₹45.34 crores (22,66,77,700 equity shares of ₹2 each)
  • Other equity: ₹28,892.01 crores

Profit & Loss (Q1 FY2027)

  • Profit before tax: ₹421.08 crores (vs. ₹282.16 crores in Q1 FY2026)
  • Tax expense: ₹(18.84) crores (reversal)
  • Current tax: ₹(3.61) crores (reversal for earlier years)
  • Deferred tax: ₹(15.23) crores (credit)
  • Profit for the period: ₹439.92 crores (vs. ₹282.16 crores in Q1 FY2026)
  • Other comprehensive income: ₹44.75 crores
  • Total comprehensive income: ₹484.67 crores
  • Earnings per share (₹2 face value): Basic ₹19.41, Diluted ₹19.30

Revenue Breakdown (Q1 FY2027)

  • Interest income: ₹3,470.84 crores
  • Dividend income: ₹18.33 crores
  • Fees and commission income: ₹126.83 crores
  • Other operating income: ₹99.61 crores (mainly recoveries from written-off accounts)
  • Other income: ₹61.05 crores

Expense Breakdown (Q1 FY2027)

  • Finance costs: ₹1,710.32 crores
  • Fees and commission expense: ₹2.42 crores
  • Net loss on fair value changes: ₹20.16 crores
  • Net loss on derecognition of financial instruments: ₹173.80 crores
  • Impairment allowances on financial instruments: ₹273.59 crores
  • Employee benefits expenses: ₹494.81 crores
  • Depreciation, amortization and impairment: ₹54.85 crores
  • Other expenses: ₹319.81 crores

Cash Flow (Q1 FY2027)

  • Net cash used in operating activities: ₹(4,278.82) crores
  • Net cash used in investing activities: ₹(147.30) crores
  • Net cash from financing activities: ₹1,982.95 crores
  • Net decrease in cash and cash equivalents: ₹(2,443.17) crores
  • Cash and cash equivalents at period end: ₹1,519.28 crores

Key Financial Figures (Consolidated)

  • Profit for the period: ₹460.98 crores
  • Total comprehensive income: ₹661.13 crores
  • Net profit attributable to owners: ₹459.12 crores
  • Non-controlling interest: ₹1.86 crores
  • Earnings per share: Basic ₹20.38, Diluted ₹20.27
  • Total assets: ₹113,669.75 crores
  • Total equity: ₹28,906.17 crores (including non-controlling interest of ₹80.65 crores)

Important Contextual Information

Business Combination

The financial statements give effect to the Composite Scheme of Arrangement with Piramal Enterprises Limited (PEL) approved by NCLT on September 10, 2025, with an appointed date of April 1, 2024. The merger was accounted under pooling of interest method as a common control business combination.

Fundraising Purpose

The financial statements were prepared specifically for raising capital through qualified institutions placement(s), rights issue, preferential allotment or private placement(s) in accordance with a special resolution approved by shareholders on August 17, 2026.

Regulatory Status

The company received its Certificate of Registration as an NBFC-Investment and Credit Company (NBFC-ICC) from RBI on April 4, 2025, and surrendered its HFC registration on the same date.

Asset Quality

  • Gross NPA: Stage 3 assets (credit impaired) of ₹1,947.16 crores
  • Total impairment allowances: ₹2,059.71 crores on loans
  • Provision coverage: Approximately 2.2% of gross loans

Segment Reporting

The company operates primarily in lending business within India and has identified only one reportable business segment.

Related Party Transactions

Significant transactions with subsidiaries, joint ventures, associates, and promoter group entities were disclosed, including:

  • Royalty expenses: ₹30.96 crores to Piramal Corporate Services Private Limited
  • Rent expenses: ₹14.61 crores to related parties
  • Dividend income: ₹18.31 crores from related parties

Contingent Liabilities

  • ₹1,043.77 crores in claims against the company not acknowledged as debt
  • ₹13.61 crores in income tax dues
  • ₹54.93 crores in other statutory dues
  • ₹15.52 crores in legal cases

Capital Commitments

  • ₹203.01 crores in contracts remaining to be executed on capital account
  • ₹9,101.47 crores in undisbursed loan commitments
  • ₹1,519.12 crores in investment commitments to related parties

Auditor's Review

The condensed interim financial statements were reviewed by joint auditors Singhi & Co. and Lodha & Co. LLP, who issued a limited review report stating nothing came to their attention suggesting the statements were not prepared in accordance with Ind AS 34.

Additional Information

The complete financial statements are available on the company's website at www.piramalfinance.com.