Piramal Finance Ltd
Piramal Finance Q4 FY26 earnings call: Revenue & Margins
Q4 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
Piramal Finance projects approximately 25% growth in total AUM for FY27. Piramal Finance aims for steady AUM growth, targeting INR1,50,000 crores by FY28, up from INR1,01,230 crores in FY26.
From Piramal Finance Ltd's Q4 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Piramal Finance projects approximately 25% growth in total AUM for FY27.
- Consolidated profits are expected to grow around 50% in FY27.
- Retail AUM grew 33% year-on-year as of Q4 FY26, with strong disbursements up 34% YoY.
- Continued focus on growing lower-cost gold and rural branches, which are cheaper to operate.
- Expansion in unsecured lending and mass affluent housing, indicating a pivot to prime-like portfolios.
- Growth business's return on AUM target is approximately 2.5% by end of FY27 (up from 2.1% in Q4 FY26).
- The wholesale 2.0 book grew 38% YoY, with strong repayments supporting portfolio seasoning.
2 more points management made on revenue & sales performance
Profitability & Margins
See what Piramal Finance Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Piramal Finance is investing in new branches, specifically focusing on gold lending and rural lending branches.
- Gold branches have about one-third the operating expense of regular urban branches.
- Rural branches require about one-tenth the investment of urban branches, making these expansions cost-efficient.
- The company aims to maintain or reduce the opex-to-assets ratio despite branch expansion, prioritizing operational efficiency over aggressive branch growth.
- No explicit mention of large transformational M&A or strategic investments currently imminent, but Piramal remains interested in value-based acquisitions in microfinance, gold loans, and MSME sectors.
- They seek acquisitions priced at value, rather than fully priced perfect assets.
2 more points management made on capital expenditure plans
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Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what Piramal Finance Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
2 more points management made on order book & pipeline
Piramal Finance Ltd — Quarterly revenue & net profit
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.
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What Piramal Finance Ltd's management said in earlier quarters
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Frequently Asked Questions
What were Piramal Finance Ltd Q4 FY26 results?
Piramal Finance projects approximately 25% growth in total AUM for FY27. Piramal Finance aims for steady AUM growth, targeting INR1,50,000 crores by FY28, up from INR1,01,230 crores in FY26.
What is Piramal Finance Ltd share price analysis?
Piramal Finance Ltd currently shows a neutral. The stock trades at a P/E of 103.9 with a market cap of ₹46,643 Cr. Investors should review the full earnings analysis for detailed insights.
Is Piramal Finance Ltd planning capital expenditure?
Piramal Finance is investing in new branches, specifically focusing on gold lending and rural lending branches.
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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.