Piramal Finance delivered a strong performance in FY26, reporting a profit after tax of ₹1,506 crore, up 210 per cent year-on-year. The March quarter saw profit rise sharply to ₹502 crore, a 390 per cent increase over the same period last year.
The company crossed a key milestone during the year, with assets under management (AUM) growing 25 per cent to ₹1,01,230 crore. Growth was led by the retail business, which now contributes 85 per cent of total AUM, reflecting a continued shift towards a granular, retail-focused portfolio.
For FY27 Piramal Finance has projected AUM growth at 25 per cent, guided for profit growth at 50 per cent, return on assets to improve to 2.5 per cent from 2.1 per cent now and to add 117 new branches, largely rural-focused.
Commenting on the performance, MD and CEO Jairam Sridharan said, “FY26 has been a defining year for Piramal Finance, marked by strong growth, a sharper retail focus and deeper technology integration. As we expand across Bharat, AI will continue to play a central role in improving underwriting, customer experience, collections and overall productivity. Our focus remains on building a more agile and future-ready lending franchise while sustaining growth momentum.”
Retail lending remained the primary growth engine, with retail AUM expanding 33 per cent y-o-y to ₹85,885 crore, forming 85 per cent of total AUM. Mortgage loans — housing and loans against property — grew 32 per cent to ₹57,837 crore. Q4 disbursements rose 34 per cent year-on-yearto ₹13,101 crore. The company’s network stood at 701 branches across 568 cities, serving 5.7 million customers.
Technology and AI remain key focus areas, with deployment across underwriting, collections, customer service and hiring. These initiatives have improved efficiency, accelerated decision-making and strengthened risk management, while enabling scale without a proportional increase in workforce.
The company maintained a strong liquidity position, with ₹8,640 crore in cash and liquid investments, and reported multiple credit rating upgrades during the quarter, signalling improved investor confidence. Overall, the company’s FY26 performance reflects a combination of disciplined execution, portfolio realignment and technology-led transformation, positioning it well for the next phase of growth.