Key Event Schedule

  • Event: Singapore Roadshow (NDR)
  • Dates: 4th and 5th November 2026
  • Interaction With: Investor Group
  • Venue: Singapore
  • Note: The date is subject to change due to exigencies on the part of Investors or the Company.

Enclosed Investor Presentation Summary: Q2 and H1 FY27 Results

Business Performance Overview

  • Total AUM: ₹101,296 Cr as of September 2026, up 24% YoY from ₹82,323 Cr in September 2025.
  • Growth AUM: Scaling at 30% YoY.
  • Legacy AUM: Down 69% YoY to ₹1,673 Cr (1.5% of Total AUM).
  • Retail Lending AUM: ₹97,462 Cr, up 30% YoY.
  • Presence: 838 branches across 621 cities in 25 states.

Financial Performance (Consolidated)

Q2 FY27 (Quarter Ended September 2026)
  • Net Profit: ₹545 Cr, up 67% YoY (from ₹327 Cr in Q2 FY26) and up 18% QoQ (from ₹461 Cr in Q1 FY27).
  • Total Income: ₹1,767 Cr, up 33% YoY (from ₹1,328 Cr).
  • Net Interest Income: ₹1,530 Cr, up 35% YoY.
  • Other Income: ₹237 Cr, up 20% YoY.
  • Pre-Provision Operating Profit (PPOP): ₹846 Cr, up 64% YoY.
  • Provisions (Loan Loss & FV): ₹302 Cr, up 22% YoY.
  • Profit Before Tax: ₹580 Cr, up 76% YoY.
  • Tax: ₹35 Cr.
H1 FY27 (Half Year Ended September 2026)
  • Net Profit: ₹1,006 Cr, up 67% YoY (from ₹603 Cr in H1 FY26).
  • Total Income: ₹3,455 Cr, up 35% YoY.

Balance Sheet (Consolidated as of Sep-26)

  • Total Assets: ₹116,982 Cr.
  • Gross AUM: ₹101,296 Cr.
  • ECL Provisions: ₹2,457 Cr.
  • Net AUM: ₹98,840 Cr.
  • Net Debt: ₹31,180 Cr.
  • Gross Borrowings: ₹85,802 Cr.
  • Capital Adequacy: 20.10%.

Asset Quality

  • Total GNPA Ratio: 2.4% (Sep-26), improved from 2.6% (Sep-25).
  • Total NNPA Ratio: 1.7% (Sep-26), improved from 1.8% (Sep-25).
  • Total Provision Coverage Ratio: 2.4% of total AUM.
  • Wholesale Stage 2+3 Assets: <0.1%.
  • Retail 90+ DPD: 2.4%.

Liabilities & Liquidity

  • Liquidity Coverage Ratio (LCR): 442% on a period average basis (consolidated), significantly above regulatory requirements.
  • Credit Rating: Upgraded in Q4 FY26, leading to a lower incremental cost of borrowings.

Retail Lending Deep Dive

  • Disbursements: Up 34% YoY.
  • Product Mix: Includes Housing (35.0% of AUM), Secured MSME/LAP (31.3%), Used Car Loans (6.2%), Salaried PL (9.4%), Unsecured Business Loans (6.7%), and others.
  • Cross-sell: 30% of unsecured disbursements came through cross-selling.
  • Customer Franchise: Total customers up 26% YoY to 6.5 Mn.
  • Vintage Risk: New originations show improving/stable quality.

Wholesale Lending

  • Effective Interest Rate (EIR): 14.1%.
  • Repayment Rate: 72% of disbursements in Q2 FY27.
  • Since Inception (Q2 FY22): Disbursed ₹30,728 Cr across 460 loans; received total repayments of ₹16,730 Cr.
  • Q2 FY27 Pre-payments: ₹793 Cr.

Strategic Initiatives: Piramal.ai

  • Use of Gen-AI has grown more than 5x in the last year.
  • Key metrics from the AI use case dashboard for Q2 FY27 include:
  • ₹102 Cr in quarterly cross-sell disbursals through conversational AI.
  • ₹754 Cr in monthly collections through hands-free collections.
  • 20,84,295 documents identified for masking/Aadhaars masked.
  • 74% of customer service serviced by automation.

Investor Relations Tool: Pia (Piramal Investor Assistant)

  • An AI-powered agent trained to answer queries on financials, transcripts, and operational milestones.
  • Available for investors on the company's secure portal.

Forward-Looking Statements

The presentation includes forward-looking statements subject to risks and uncertainties. It is not a prospectus or offer document.

Conference Call Details

An earnings conference call was scheduled for 19 October 2026 at 4:45 PM IST.