Bengaluru : Piramal Enterprises Limited (‘PEL’, NSE: PEL, BSE: 500302), a leading diversified NBFC, today announced its consolidated results for the First Quarter (Q1) FY2026 ended 30th June 2025. The Company delivered 52% YoY growth in PAT, driven by growth in assets under management (AUM) and an improved portfolio mix – with Growth-to-Legacy AUM mix now at 93:07 – reflecting the continued momentum of its strategic shift across the business.

Consolidated Highlights

  • Total Assets Under Management (AUM) grew 22% YoY to INR 85,756 Cr.
  • Growth1-to-Legacy AUM mix improved to 93:07, vs 34:66 in FY22.

     o  Growth AUM grew 38% YoY to INR 79,430 Cr.

    o  Retail AUM grew by 37% YoY to INR 69,005 Cr and forms 80% of total AUM.

o  Legacy (discontinued) AUM declined 51% YoY to INR 6,327 Cr, down 85% since FY22.

  • Net Interest Margin (NIM) expanded by 10 bps QoQ to 5.9%.
  • Profit After Tax (PAT) up 52% YoY at INR 276 Cr, vs 181 Cr in Q1 FY25.

o  Profit Before Tax (PBT) at INR 301 Cr, led by Growth business PBT* of INR 295 Cr.

o  Growth business PBT-to-AUM* at 1.5%, along with reducing opex-to-AUM and credit cost.

  • GNPA at 2.8% with NNPA ratio at 2.0%.

o  Growth business credit cost declined to 1.4%, vs 1.8% in Q4 FY25.

  • Q1 FY26 is likely the last quarter before PEL-PFL merger, which is expected to be completed by September 2025.
  • Networth of INR 27,174 Cr with strong liquidity of INR 9,070 Cr (9% of total assets) in cash and liquid investments.

Ajay Piramal, Chairman, Piramal Enterprises Ltd., said, “FY26 has commenced on a strong note with profitable growth and disciplined execution. Our diversified lending model continues to scale efficiently – driven by robust asset quality, improved operating leverage, and deeper integration of technology and AI across platforms.

The impending merger of our lending entities will further streamline operations, unlock synergies, and sharpen our strategic focus.

We also have meaningful embedded value in our balance sheet— through Shriram investments, AIF recoveries and deferred transaction proceeds – and remain focused on timely, value-accretive monetisation of these assets. With a strong foundation, clear strategic priorities, and continued operational momentum, we are well positioned to drive sustainable growth and long-term value creation as a future-ready financial services institution.