Document Overview

This is an investor presentation and regulatory filing submitted by Piramal Finance Limited to BSE Limited (Scrip Code: 544597) and National Stock Exchange of India Limited (NSE Symbol: PIRAMALFIN) on 19th October 2026. The document contains unaudited financial results (standalone and consolidated) for the quarter and half-year ended 30th September 2026.

Financial Performance Highlights

Consolidated Income Statement (Q2 FY27 vs Q2 FY26)

  • Interest Income: ₹3,358 Cr (up 24% YoY from ₹2,702 Cr)
  • Net Interest Income: ₹1,530 Cr (up 35% YoY from ₹1,132 Cr)
  • Total Income: ₹1,767 Cr (up 33% YoY from ₹1,328 Cr)
  • Pre-provision Operating Profit (PPOP): ₹846 Cr (up 64% YoY from ₹515 Cr)
  • Loan Loss Provisions & FV Loss/(Gain): ₹302 Cr (up 22% YoY from ₹248 Cr)
  • Net Profit: ₹545 Cr (up 67% YoY from ₹327 Cr)

Half-Year Performance (H1 FY27 vs H1 FY26)

  • Total Income: ₹3,455 Cr (up 35% YoY from ₹2,566 Cr)
  • Net Profit: ₹1,006 Cr (up 67% YoY from ₹603 Cr)

Balance Sheet (Consolidated as of September 2026)

  • Total Assets: ₹1,16,982 Cr
  • Net Debt: ₹31,180 Cr
  • Gross Debt: ₹85,802 Cr

Business Segment Performance

Retail Lending

  • AUM: ₹97,462 Cr (30% YoY growth)
  • Branch Network: 838 branches across 621 cities in 25 states
  • Disbursements: Up 34% YoY
  • 90+ DPD delinquency: Stable across all products
  • Customer Franchise: 6.5 million customers (26% YoY growth)

Wholesale Lending

  • Portfolio EIR (Effective Interest Rate): 14.1%
  • Repayments as % of Disbursements: 72%
  • Since inception (Q2 FY22): Disbursed ₹30,728 Cr across 460 loans, received total repayments of ₹16,730 Cr
  • Q2 FY27 Pre-payments: ₹793 Cr

Asset Quality

Growth Assets (September 2026)
  • Stage 1: ₹95,894 Cr (96.3% of growth AUM)
  • Stage 2: ₹1,580 Cr (1.6% of growth AUM)
  • Stage 3: ₹2,071 Cr (2.1% of growth AUM)
  • Total Provisions: ₹1,997 Cr
  • Provision Coverage Ratio: Stage 1 (1.1%), Stage 2 (14.6%), Stage 3 (34.7%)
Total Assets (September 2026)
  • GNPA Ratio: 2.4%
  • NNPA Ratio: 1.7%
  • Total Provisions: ₹2,457 Cr

Strategic Initiatives & Operational Highlights

Legacy Portfolio Reduction

  • Legacy AUM: ₹1,673 Cr (down 32% QoQ, down 69% YoY)
  • Now represents only 1.5% of Total AUM

Liability Management

  • Credit rating upgraded in Q4 FY26 leading to lower incremental borrowing costs
  • Consolidated LCR: 442% on period average basis (significantly above regulatory requirements)
  • Diversified borrowing mix including MFs, ECB & securitization

Digital Transformation (Piramal.ai)

  • AI use cases grew more than 5x in the last year
  • Key metrics for Q2 FY27:
  • ARYA queries: 5,56,400 (vs 3,85,000 in Q2 FY26)
  • Hands-free collections: ₹754 Cr monthly (vs ₹300 Cr in Q2 FY26)
  • Disbursements via conversational AI: ₹102 Cr quarterly
  • Documents scanned for fraud: 6,06,712 (vs 1,13,732 in Q2 FY26)

Branch Expansion & Productivity

  • Urban branches: 535
  • Rural branches: 203
  • Gold branches: 100
  • Focus on increasing product penetration in existing branches

Product Portfolio Performance

Multi-product Retail Lending Platform (Q2 FY27)

| Product Category | AUM (₹ Cr) | Yield | 90+ DPD |

| Housing | 24,000 | 11.7% | 11.7% |

| Secured MSME (LAP) | 29,600 | 12.9% | 13.0% |

| Other Secured | 3,140 | 9.7-16.6% | 10.0-16.0% |

| Salaried PL | 5,500 | 16.6% | 17.0% |

| Business loan | 5,200 | 18.6% | 19.1% |

| Rural micro loans | 600 | 21.4% | 20.2% |

| Digital loan | 900 | 14.9% | 15.1% |

Investor Relations Tools

  • Pia (Piramal Investor Assistant): AI-powered IR agent available 24/7 for financial queries and transcript synthesis
  • Data Sheet Q2 FY27 available for download on company website
  • Earnings conference call scheduled for 19 October 2026 at 4:45 PM IST