PIRAMALFIN Piramal Finance Q3 FY26 results (Oct–Dec 2025) and concall
Piramal Finance delivered a strong Q3 FY26, marked by robust AUM growth, significant PAT increase, and a pivotal AA+ credit rating upgrade. The company saw margin expansion and improved operating leverage, with retail opex to AUM reducing. While retail disbursements were flat QoQ, management expects a rebound in Q4, alongside strategic branch expansion and continued focus on asset quality, particularly in LAP and used car segments.
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What they filed
Q3 FY26: revenue up 3.7%, net profit up 473.9% against the same quarter last year.
| Line item | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 |
|---|---|---|---|---|---|
| Revenue | 2,810 | 2,860 | 2,658 | 2,843 | 2,913 +4% |
| EBITDA | 1,465 | 1,338 | 1,757 | 1,940 | 1,950 +33% |
| Net profit | 69 | 64 | 263 | 278 | 396 +474% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.





