Piramal Enterprises

Banks prefer direct assignment with NBFCs despite colending relaxations

Industry experts suggest that while colending volumes among NBFCs are expected to grow, driven by operational synergies and flexible structures, banks will continue to favour direct assignment

Piramal Enterprises rises 4% as NCLT approves merger of its subsidiary

The buying on the counter came after the company informed that the National Company Law Tribunal, Mumbai Bench (NCLT) approved its scheme of amalgamation with Piramal Finance

Piramal Enterprises Q1FY26 net profit rises 52%; CFO Goyal resigns

Piramal Enterprises sees strong profit growth in Q1FY26 with a 52% YoY rise, as CFO Upma Goyal resigns and Vikash Singla is set to become CFO of the merged entity

Piramal Enterprises sees asset under management crossing ₹1 trn in FY26

Piramal Enterprises Chairman Ajay Piramal on Monday said the asset under management (AUM) of the NBFC firm is expected to cross Rs 1 lakh crore during the current financial year on the back of strong performance. The consolidated AUM grew by 17 per cent to Rs 80,689 crore, exceeding the stated target of 15 per cent growth during FY25, Piramal said while addressing shareholders at the Annual General Meeting (AGM). "With strong performance across our retail and wholesale businesses in FY2025, we are now well positioned to build upon the platform and leverage the investments that have been made. As our three-year transformation journey nears completion, we look ahead with optimism," he said. In FY2026, he said, "we expect to further build on the momentum, growing our total AUM by about 25 per cent to exceed Rs 1 lakh crore, with growth AUM projected to rise about 30 per cent. Retail lending is expected to contribute 8085 per cent of total AUM." During the 2024-25, Piramal Capital & ..

Piramal Enterprises Q4FY25 results: Profit drops 25% to ₹102 crore

Piramal Enterprises on Tuesday reported a 25 per cent fall in consolidated profit in the March quarter to Rs 102 crore. The city-headquartered entity primarily engaged in financial services had reported a net profit of Rs 137 crore in the year-ago period. Its consolidated profit for the entire FY25 was Rs 485 crore as against a loss of Rs 1,684 crore in the year-ago period. The revenue from operations increased to Rs 2,854 crore during the reporting quarter from Rs 2,473 crore in the year-ago period, while the other income rose to Rs 179 crore from Rs 55 crore. The total expenses reduced to Rs 3,007 crore from Rs 4,719 crore for the quarter under review. The overall assets under management grew 17 per cent during the fiscal year, and the company plans to accelerate the growth to 25 per cent in FY26, as per disclosures made to exchanges. With the company focusing on retails assets, the overall share of the small ticket loans has increased to 80 per cent now, and it is targeting to

Piramal Enterprises hit with nearly $172 million tax bill for pharma deal

Maharashtra's tax office has contended that the transfer of its pharma business to Piramal Pharma counts as an itemized sale and not a slump sale, the company said

Piramal Enterprises hit with nearly $172 million tax bill for pharma deal

A tax office in the state of Maharashtra has asked the financial services company to pay 18% Goods and Services Tax (GST) on the deal, the latter said in the filing

Piramal Enterprises jumps 8%; here's what is boosting rally in stock

The company may also receive further amounts in subsequent years from any eligible profits and future earnouts relating to the Imaging Group, subject to a maximum of $200 million

Stocks to Watch, January 1, 2025: Auto stocks, ITC, Sun Pharma, Piramal Ent

The previous session closed out 2024 with mixed sentiments. Despite a strong recovery from intraday lows, the benchmarks ended in the red, weighed down by losses in IT & select banking shares

Piramal Enterprises gains 3% on plans to issue NCDs worth Rs 2,000 cr

Shares of Piramal Enterprises gained up to 4.80 per cent at Rs 390.45 per share on the BSE in Monday's intraday trade

Piramal Enterprises Q2FY25 results: Net profit triples to Rs 163 cr

Non-bank lender Piramal Enterprises on Wednesday said its September quarter net profit tripled to Rs 163 crore on a low base, but flagged risks from the "precarious" credit environment. The city-headquartered entity had reported a profit of Rs 48 crore in the year-ago period, and Rs 181 crore in the preceding June quarter. Its core net interest income was up 17 per cent to Rs 881 crore, while recoveries of Rs 181 crore from alternate investment fund investments in the first half of the fiscal helped the other income grow by 56 per cent to Rs 257 crore. Net interest margin went up to 5.1 per cent from 4.7 per cent in the year-ago period on a shift in the loan base towards what the company defines as growth assets. Managing Director of Piramal Capital and Housing Finance Jairam Sridharan however said that chances of a further upside are slim, and the number may narrow as well in the future. Gross non performing assets ratio moved up to 3.1 per cent from 2.7 per cent, and Sridharan s

Piramal Enterprises shares gain over 3% on stake increase by promoter group

The company said that the acquisition of shares aligns with the promoters' belief in its growth trajectory, further reflecting their trust in the company's business fundamentals

Piramal Enterprises shares tank over 10% after weak Q1 performance

PEL's share prices ended at Rs 881.35 today, down 10.59 per cent on the BSE

Piramal Enterprises stock tumbles 10% post June quarter results

The net interest margin (NIM) of the finance company dropped to 6.7 per cent compared to 7.3 per cent in the last year.

Piramal Enterprises Q1 results: Net profit declines 64% to Rs 181 cr

Piramal Enterprises on Tuesday reported a 64 per cent decline in its June quarter net profit to Rs 181 crore, impacted because of a higher base due to a one-off item last year. The city-headquartered non-bank lender had reported a consolidated net profit of Rs 509 crore in the year-ago period. Its managing director and chief executive Jairam Sridharan said the year-ago performance included a Rs 850 crore benefit from a stake sale in a Shriram Group entity, and added that the performance has been stable in the reporting quarter this year. The core net interest income grew 18 per cent to Rs 807 crore on the back of a 10 per cent increase in the overall assets under management to Rs 70,576 crore, while the net interest margin narrowed to 6.7 per cent from 7.3 per cent in the year-ago period. Sridharan said disbursements were impacted in the June quarter due to regulatory changes around fair practices but exuded confidence that the company will be able to meet its FY25 target of 15 per

Piramal Finance plans to double retail AUM to Rs 1 trillion by FY28

Since the acquisition of DHFL in 2021, the goal has been to build on its strong customer franchise in smaller towns

Piramal Pharma Q4 profit Jumps 102% to Rs 101.3 cr, FY24 revenue Up 18%

On a sequential basis, the company's profit jumped more than nine-fold

Piramal Enterprises to merge with unlisted housing finance arm for listing

The main reasons behind this merger with Piramal Capital & Housing Finance are to simplify the group structure and provide shareholders with direct access to the entire lending business

Piramal Enterprises posts Rs 2,378 crore loss on AIF provisions in Q3

Capital adequacy remains strong despite 4% AIF impact; Slows down on unsecured consumer loan book

Piramal Enterprises sells 20% in Shriram Investment for Rs 1,440 crore

SOT is the promoter of Shriram Capital Private Limited, which is the overarching holding company of Shriram Group