Piramal Finance (PIRAMALFIN) Q3 24/25 earnings summary

Executive summary

• Unaudited standalone financial results for the quarter and nine months ended December 31, 2024, were approved by the Board on January 27, 2025.

• Limited review by joint statutory auditors concluded with no material misstatements or regulatory non-compliance identified.

Financial highlights

• Total income for Q3 FY25 was Rs. 202,415 lakhs, up from Rs. 168,418 lakhs in Q3 FY24; nine-month income was Rs. 552,478 lakhs versus Rs. 497,173 lakhs year-over-year.

• Net loss for Q3 FY25 was Rs. 11,230 lakhs, compared to a net profit of Rs. 4,660 lakhs in Q2 FY25 and a net loss of Rs. 126,989 lakhs in Q3 FY24.

• Earnings per share for Q3 FY25 stood at (0.05), and for the nine months at (0.01).

• Net profit margin for Q3 FY25 was -5.55%; for the nine months, -0.53%.

Outlook and guidance

• Application for conversion from Housing Finance Company (HFC) to Non-Banking Finance Company – Investment and Credit Company (NBFC-ICC) is under RBI review.

• Composite Scheme of Arrangement with the holding company and shareholders is pending regulatory and tribunal approvals.