Piramal Finance Ltd

Q1 FY27Finance

Piramal Finance Q1 FY27 earnings call: Revenue & Margins

Q1 FY27 earnings call: what management guided on revenue, margins and order book.

Price₹2,226

Market cap₹54.4K Cr

P/E121.3

Updated23 Sept 2026

Read4 min read

What the Q1 FY27 call signalled

3 of 4 strong

RevenueGood growth

MarginMargins steady

CapexCapex planned

FundraiseFundraise planned

The short version

AUM growth remained strong with retail AUM up 32% YoY to Rs. Q1 FY27 Profit After Tax (PAT) increased by 67% year-on-year to Rs.

From Piramal Finance Ltd's Q1 FY27 earnings-call transcript · updated 23 Sept 2026.

Revenue & Sales Performance

Good growth

AUM growth remained strong with retail AUM up 32% YoY to Rs. 91,249 crore, and overall AUM up 25% YoY to Rs. 1,06,940 crore.
Disbursements grew 44% YoY in Q1 FY27, accelerating from 34% in Q4 FY26.
Mortgage business grew 30% YoY, with focus on mass affluent home loans and larger ticket LAP Plus segments gaining momentum.
Unsecured products (personal loans, unsecured business loans, digital loans, rural micro lending) grew 45% YoY, accelerating growth.
Wholesale AUM grew 27% YoY.
Branch network expanded with strategic focus on gold loans and micro lending; aiming for 200 gold loan branches by March 2027.
Growth expected to continue, with capital raising plans to support expansion.

2 more points management made on revenue & sales performance

Profitability & Margins

Q1 FY27 Profit After Tax (PAT) increased by 67% year-on-year to Rs. 461 crores.
Return on Assets Under Management (RoAUM) for Growth business improved from 1.5% in Q1 FY26 to 1.9% in Q1 FY27 with guidance to reach 2.5% by Q4 FY27.
Anticipated improvement in RoAUM driven by larger book origination and stable staff costs post Q1.
Operating expenses (OPEX) expected to grow slower than revenues; Q1 saw 10% OPEX growth vs. ~40% revenue growth.
Leverage (AUM to equity) progressing toward 4.5x-5x from 3.7x at Q1 FY27, supporting profit scaling.

2 more points management made on profitability & margins

See what Piramal Finance Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

Capex planned

No immediate or imminent inorganic acquisitions planned.
The company remains open to inorganic opportunities if appropriate valuations arise.
An enabling resolution has been sought to raise capital for growth, focusing on organic expansion.
Capital raise not tied to any specific acquisition but aimed at supporting rapid growth.

2 more points management made on capital expenditure plans

Top-ranked in Finance

Ranked on what management guided this quarter

5x potential

1Mufin Green Finance Ltd₹2.6K Cr

Rev 1Mar 1

2Akiko₹454 Cr

Rev 1Mar 1

3₹972 Cr

Rev 1Mar 2

4₹358 Cr

Rev 1Mar 2

5₹1.5L Cr

Rev 1Mar 3

Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

The company is planning a capital raise through an enabling resolution to raise capital as and when necessary during the year.
This capital raise is intended to support growth, with no immediate or imminent inorganic acquisition plans tied to it.
The management remains open to inorganic opportunities but is not currently pursuing any specifically.
The capital raise could be through various instruments, with the choice of the best instrument and timing to be decided.
Tier 2 capital market conditions are currently shallow and expensive, so the preferred approach is to raise Tier 1 capital.

2 more points management made on fundraising & capital structure

See what Piramal Finance Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

The provided pages 19 to 22 of the PDF do not contain specific information about the current or expected order book or pending orders. The discussion predominantly centers around: - Growth trends in small-ticket housing loans, indicating low to negative industry growth. - NIM dynamics and minor quarter-on-quarter variations due to operational choices. - Competitive intensity in mortgages and the company's position as a market disruptor. - Capital raising plans and openness to inorganic growth, though no imminent acquisition is planned.

2 more points management made on order book & pipeline

Piramal Finance Ltd — Quarterly revenue & net profit

Revenue Net profit

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹3.4K Cr, net profit ₹502 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

Full financials →

What Piramal Finance Ltd's management said in earlier quarters

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Frequently Asked Questions

What were Piramal Finance Ltd Q1 FY27 results?

AUM growth remained strong with retail AUM up 32% YoY to Rs. Q1 FY27 Profit After Tax (PAT) increased by 67% year-on-year to Rs.

What is Piramal Finance Ltd share price analysis?

Piramal Finance Ltd currently shows a moderate growth signal based on ranking data. The stock trades at a P/E of 121.2 with a market cap of ₹54,430 Cr. Investors should review the full earnings analysis for detailed insights.

Is Piramal Finance Ltd planning capital expenditure?

No immediate or imminent inorganic acquisitions planned.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.