Piramal Finance (PIRAMALFIN) Q1 25/26 earnings summary

Executive summary

• Consolidated financial statements for the quarter ended June 30, 2025, were prepared to facilitate the listing of equity shares and reflect the ongoing merger with Piramal Enterprises Limited.

• The company transitioned from a Housing Finance Company to a Non-Banking Financial Company - Investment and Credit Company (NBFC-ICC) in April 2025.

• The group’s main business is lending for residential property, loans against property, real estate developers, and SMEs.

Financial highlights

• Total income for the quarter was ₹2,256.26 crore, up from ₹1,769.52 crore year-over-year.

• Net profit for the quarter was ₹93.98 crore, compared to ₹29.37 crore in the same quarter last year.

• Earnings per share (EPS) for the quarter stood at ₹0.04, up from ₹0.01 year-over-year.

• Gross loan assets as of June 30, 2025, were ₹67,803.17 crore, with an impairment loss allowance of ₹4,875.79 crore.

• Net worth (total equity) as of June 30, 2025, was ₹17,481.01 crore.

• Total assets increased to ₹81,261.88 crore from ₹77,647.29 crore as of March 31, 2025.

Outlook and guidance

• The company is in the process of merging with Piramal Enterprises Limited, with the merger application pending before the NCLT.

• The group continues to focus on maintaining a healthy portfolio within its risk appetite and regulatory framework.