Piramal Finance FY26: Retail Scale, Ratings Upgrade, and an AI Push

Total consolidated AUM was INR 1,01,230 crore at March 2026, up 25 percent year on year.

Retail AUM was INR 85,885 crore, Wholesale 2.0 AUM was INR 12,538 crore, and Legacy AUM was INR 2,807 crore at March 2026.

Consolidated PAT was INR 502 crore in Q4 FY26 and INR 1,506 crore in FY26.

Management guided for about 25 percent AUM growth, about 50 percent growth in consolidated profits, and exit quarter RoAUM of about 2.5 percent for FY27.

CRISIL assigned AA plus with Stable outlook; ICRA and Care upgraded domestic long term debt to AA plus; S and P upgraded international rating to BB; Moody’s revised outlook to Positive with rating affirmed at Ba3.

Phase I launched with 22 gold loan branches in two states, and management stated it expects to open about 180 more gold loan branches in FY27.