Piramal Finance Ltd

Piramal Finance Limited's Q2 and H1 FY27 investor presentation highlights strong growth in AUM, with total AUM reaching ₹1,13,112 Cr, up 24% YoY, driven by a 30% YoY increase in retail AUM. The company reported a 67% YoY rise in PAT to ₹545 Cr, with RoAUM at 2.0% for the growth business. Operational efficiency improved, with a 34bps YoY increase in RoAUM and a 300 bps reduction in retail opex-to-AUM over 14 quarters. The company emphasized its AI-native transformation, with AI usage growing over 5x in the past year, enhancing productivity and customer experience. Liabilities are diversified, with a 2.8x debt-to-equity ratio and a strong liquidity position, reflected in a 442% consolidated LCR. The wholesale segment showed a 24% YoY AUM growth, with strong repayment rates. The company also outlined long-term goals, including achieving ₹1.5 lac Cr AUM by March 2028 and a 4.5-5.0x AUM-to-equity ratio. The presentation noted a 32% QoQ decline in legacy AUM, now at 1.5% of total AUM, with plans to discontinue separate legacy disclosures by December 2026. The company's retail lending segment demonstrated robust growth, with a 34% YoY increase in disbursements and a stable 0.7% 90+ DPD ratio. Strategic initiatives include expanding the branch network and leveraging AI for cross-selling and customer engagement.

The presentation emphasizes strong growth in AUM, PAT, and operational efficiency, along with strategic AI initiatives and improved financial metrics.