Piramal Finance

Bajaj Finance and Piramal Finance flag early signs of stress in gold loans as rapid lending growth raises concerns over repayment delays, borrower leverage and defaults

Indian banks ​and non-bank lenders have rushed to lend to consumers against their ​gold holdings as they consider these loans more secure

Non-bank lender Piramal Finance on Monday reported a 67 per cent jump in net profit to Rs 545 crore for the September quarter, helped by core income growth and improvements in costs. The company's core net interest income grew 35 per cent to Rs 1,530 crore due to a 24 per cent growth in assets under management and a 0.35 per cent expansion in net income margin to 6.5 per cent. The cost-to-income ratio improved sharply to 52.1 per cent during the reporting quarter from 61.2 per cent, helping the bottom line. Stressing that the company is uniquely positioned in the NBFC universe, as it does not see a threat to margins amid the rising interest rate environment, its Managing Director and Chief Executive Jairam Sridharan exuded confidence that it will be able to expand NIMs by up to 0.20 per cent over the next year. When asked how such a feat will be possible despite rising rates, which increase an NBFC's borrowing costs, Sridharan explained that the rating upgrade it received recently

PB Fintech flagged potential pressure on general insurance revenue and agent commissions, while saying its life insurance business would see limited impact.

The NBFC raised ₹2,100 crore from institutional investors through a QIP and plans a ₹1,750-crore promoter warrant issue, subject to shareholder and regulatory approvals

The NBFC plans to expand unsecured lending, gold loans and rural finance as improving asset quality and strong retail demand support its FY27 growth plans

NBFC reports strong June-quarter earnings on robust retail loan growth and higher net interest income, while its board approves a fund raise of up to Rs 4,000 crore

Piramal Finance Ltd will mainly tap foreign banks and multilateral agencies for the loan, with tenors ranging from three to five years, Chief Executive Officer Jairam Sridharan said

Piramal Finance expects strong growth in AUM and profits by FY27, while planning stake sales in non-core businesses and expanding its rural lending and branch network

Piramal Finance's net profit surged 390 per cent Y-o-Y to ₹502 crore in Q4FY26 from ₹102 crore a year ago, and rose 25 per cent sequentially

Piramal Finance reports sharp rise in Q4 profit driven by one-off gains, while core operating performance remains stable with steady asset quality and growth

The brokerage assessing the impact of a prolonged conflict noted that these segments face the highest near-term risk, while housing, gold, and power loans appear relatively better insulated

AI could transform NBFC lending and drive faster growth, according to Nomura. The brokerage has initiated coverage on Piramal Finance, L&T Finance, Tata Capital and HDB Financial.

IIFL Finance has appointed EY to conduct due diligence for a possible stake sale in its MFI arm Samasta, as the lender evaluates strategic options amid pressure on the microfinance portfolio

Piramal Finance MD Jairam Sridharan says bank rate transmission to NBFCs remains weak, prompting a stronger shift towards lower-cost DFI funding

Non-bank lender Piramal Finance on Friday reported that its net profit for the December quarter zoomed to Rs 401 crore from Rs 39 crore in the year-ago period. The company's managing director and chief executive, Jairam Sridharan, attributed the profit growth to a combination of factors, including growth in assets under management, expansion in net interest margins, control over operating expenses and lower credit costs. Its AUM jumped by over 23 per cent during the quarter, NIMs expanded by 0.50 per cent to 6.30 per cent, operating expenses grew by just 4 per cent and the provisions were up 36 per cent, as per a statement. The core net interest income grew 31 per cent to Rs 1,227 crore, while the other income was up 23 per cent at Rs 252 crore for the reporting quarter. The return on AUM stands at 1.9 per cent at present, and the company is aiming to take it further up to 3 per cent over the medium term, Sridharan said, adding that NIMs will have to expand by 0.30 per cent more to

Non-bank lender Piramal Finance plans to borrow up to USD 1 billion every year from foreign sources as it seeks to diversify its funding sources, a top official has said. The company has raised USD 350 million from IFC and ADB and is in advanced talks to secure another USD 150 million from a multilateral funding agency over the next three weeks, its Chief Executive and Managing Director Jairam Sridharan said. "We plan to continue to raise USD 500 million-1 billion from foreign sources across multiple routes every year," Sridharan said. In FY25, it had raised USD 800 million through external commercial borrowings and bond issue routes, but had not raised any money from foreign sources in FY26 given the rate cuts which made local borrowing cheaper, he added. The landed cost of funds in rupee terms, including hedging costs for the latest issuances, is in the range of 88.5 per cent, as against the incremental funding cost of 8.75-8.80 per cent for funding from domestic markets, He sai

The transaction is expected to close in the quarter ending March 31, 2026, subject to receipt of requisite regulatory approvals

The company aims to raise RS 300 billion in the current financial year, about half of which has been borrowed already, said chief executive officer and managing director Jairam Sridharan

The brokerage believes Piramal is entering a phase where scale benefits, lower operating costs and a sharper credit framework will drive meaningful expansion in return ratios.