PIRAMALFIN

Piramal Finance share price & results

Piramal Finance Limited· Financial Services

Results to
Sept 2026
Latest analysed call
Q2 FY27
Ownership as of
Sept 2026

Diversified NBFC offering retail housing, LAP and business loans plus wholesale real estate/corporate lending.

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Guidance Hit Rate
19 targets · 60% hit rate 3 achieved · 14 active →
Segment Shift
Sector & Mix Compare sector growth & peers →
Reverse DCF
Implied Growth Test priced-in growth in DCF tool →
Concall & Tone
Q2 FY27 analysed Read claims, qualifiers & Q&A →

Price & Snapshot

₹2,070.7 −4.53% · −₹98.2

Last close 9 Nov 2026 · NSE · INR · Source: Inve

Performance +56.5% 1Y

₹1.4k₹1.6k₹1.8k₹2.0k₹2.2kNov 25Dec 25Feb 26Mar 26May 26Jun 26Aug 26Sept 26Nov 26Q3 FY26 — 23 Jan 2026Q4 FY26 — 27 Apr 2026Q1 FY27 — 16 Jul 2026Q2 FY27 — 19 Oct 2026

1Y: ₹1,323 on 7 Nov 2025 → ₹2,070.7. High ₹2,310.5 (9 Sept 2026), low ₹1,323 (7 Nov 2025).

Previous close
₹2,168.9
Market cap
₹44.4k Cr
52-week range
₹1,389.1 – ₹2,310.5
One year
+49.07%
Price to earnings (TTM to Sept 2026)
76.87×
Return on equity (TTM to Sept 2026)
1.86%

Reported

Key financial metrics & valuation ratios

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue3,625 ₹ crore+27.5% YoYQuarterly, as filedQuarter to Sept 2026Revenue from operations as filed.
Operating margin65.0 %−3.0 pts YoYOperating profit / revenueQuarter to Sept 2026For the quarter; a change is in percentage points.
Net profit529 ₹ crore+90.3% YoYQuarterly, as filedQuarter to Sept 2026Profit after tax as filed.
Return on equity1.86 %−1.2 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Sept 2026
Adjusted profit attributable to owners ÷ average owners’ equity.
Free cash flow margin-133.99 %−55.3 ptsFY Mar 2026 vs FY Mar 2025Fiscal yearFY ending Mar 2026
(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Revenue growth (YoY)19.37 %−39.5 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Sept 2026
Revenue change against the same period one year earlier.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Sept 2026

Guidance

What management said, and what became of it

3 of 5 judged targets kept · 14 open · verdicts reflect calls analysed to Q2 FY27.

Piramal Finance Limited management guidance track record on Inve: 19 targets tracked across analysed earnings calls (3 achieved, 2 missed, 14 open).

Watch execution in Growth & Demand (1 achieved · 1 delayed/missed) · Operations & Margins (1 delayed/missed).

TargetOriginal wordingSaidLatest callVerdict
Growth Total AUM
over INR 1 lakh crores
Call transcript, Q3 FY26 · 23 Jan 2026
Q3 FY26
Q2 FY27:This promise has been achieved and is now complete.
Call transcript, Q2 FY27 · 19 Oct 2026
Achieved
Operations Cost of Borrowing Reduction
further approximately 25 basis points in the months ahead
Call transcript, Q3 FY26 · 23 Jan 2026
Q3 FY26
Q2 FY27:This promise was missed and is now concluded.
Call transcript, Q2 FY27 · 19 Oct 2026
Missed
Growth Return on AUM (Growth business)
3% on profitability
Call transcript, Q3 FY26 · 23 Jan 2026
Q3 FY26
Q2 FY27:At risk. Management acknowledged a potential 18-24 bps impact on FY28 RoAUM from proposed insurance commission caps, stating 'we have to now recalibrate ourselves' regarding the 3% target. More specific guidance is promised for Q4.
Call transcript, Q2 FY27 · 19 Oct 2026
At Risk

Source: Inve Guidance Tracker for Piramal Finance Limited · to Q2 FY27

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

2 of Piramal Finance Limited's 19 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 16 more targets are in the full ledger.

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Supply chain

Cross-company call evidence

Named counterparties and similar headwinds disclosed on earnings calls.

Counterparties named by Piramal Finance Limited

  • Piramal Finance Limited → divests to → Shriram Life Insurance.

    Q4 FY26 · Closed / completed · Neutral · Counterparty named; listed-company identity not verified.

    1. Proposed
    2. Announced
    3. Active
    4. Completed / ended

    Stake sale proceeds received, used to strengthen balance sheet

    Disclosed value: INR 600 crores

    “We also concluded the stake sale of Shriram Life Insurance worth INR600 crores.”
    Evidence drawer

    Evidence type: Transcript excerpt

    “We also concluded the stake sale of Shriram Life Insurance worth INR600 crores.”

    Source company: Piramal Finance Limited · Counterparty: Shriram Life Insurance · Call date: 2026-04-27 · Period: Q4 FY26 · Review status: Structured call extraction

  • Piramal Finance Limited → divests to → Piramal Imaging.

    Q4 FY26 · Closed / completed · Neutral · Counterparty named; listed-company identity not verified.

    1. Proposed
    2. Announced
    3. Active
    4. Completed / ended

    Deferred consideration proceeds received, used to strengthen balance sheet

    Disclosed value: USD 148 million

    “In Q4, we received deferred consideration proceeds of $148 million towards the sale of Piramal Imaging.”
    Evidence drawer

    Evidence type: Transcript excerpt

    “In Q4, we received deferred consideration proceeds of $148 million towards the sale of Piramal Imaging.”

    Source company: Piramal Finance Limited · Counterparty: Piramal Imaging · Call date: 2026-04-27 · Period: Q4 FY26 · Review status: Structured call extraction

  • Piramal Finance Limited → divests to → Sriram Life Insurance stake.

    Q3 FY26 · Announced · Neutral · Counterparty named; listed-company identity not verified.

    1. Proposed
    2. Announced
    3. Active
    4. Completed / ended

    Monetization of non-core investment

    Disclosed value: INR 600 crores

    “We recently announced the monetization of our stake in Sriram Life Insurance for INR 600 crores. This transaction is expected to conclude in Q4.”
    Evidence drawer

    Evidence type: Transcript excerpt

    “We recently announced the monetization of our stake in Sriram Life Insurance for INR 600 crores. This transaction is expected to conclude in Q4.”

    Source company: Piramal Finance Limited · Counterparty: Sriram Life Insurance stake · Call date: 2026-01-23 · Period: Q3 FY26 · Review status: Structured call extraction

Similar pressures reported by peers

Tailwind coverage is not available yet.

Similar commentary provides sector context; it does not establish a business relationship with Piramal Finance Limited. Each comparison matches a headwind disclosed by Piramal Finance Limited in the same calendar reporting quarter.

  • Rising global inflation will exert pressure on India's cost of capital

    Topic: Regulatory compliance · Regulatory policy · Q2 FY27

    Piramal Finance Limited reported: Rising global inflation will exert pressure on India's cost of capital; RBI shift to calibrated tightening implies broad-based increase in borrowing costs.

    Reporting period ended 2026-09-30

    47 other companies · Regulatory policy

    HDFC Bank (HDFCBANK) reported (period ended 2026-09-30): LCR at 113% is close to the regulatory minimum of 100% and the bank's target range of 110-120%, potentially limiting aggressive loan growth without further deposit mobilization.

    ICICI Bank (ICICIBANK) reported (period ended 2026-09-30): The bank continues to hold an additional standard asset provision of ₹1,283 crore mandated by the RBI pending completion and regulatory clearance of the remediation review.

    Bajaj Finance Limited (BAJFINANCE) reported (period ended 2026-09-30): Potential transient impact on AUM and NIM if RBI implements a complete ban on revolver loans; company is launching new term loan variants and awaiting final regulations on insurance norms.

    Kotak Mahindra Bank Limited (KOTAKBANK) reported (period ended 2026-09-30): The one-time impact is expected to be under 2% of net worth on April 1. The recurring +12-15 bps credit cost guidance awaits regulatory clarity, expected during Q3.

    Evidence drawer

    Evidence type: Summary paraphrase

    Rising global inflation will exert pressure on India's cost of capital; RBI shift to calibrated tightening implies broad-based increase in borrowing costs.

    Source company: Piramal Finance Limited · Reporting period ended 2026-09-30 · Calendar quarter: Q2 FY27 · Distinct companies matched: 47

    Similar commentary provides sector context; it does not establish a business relationship.

Mentions over time

First observed: Q4 2025 · Latest observed: Q1 2026

Recorded disclosures by calendar reporting quarter
PeriodOther callsOwn calls
Q1 202602
Q4 202501

Counts reflect the calls covered here. No mention in a period does not establish that a relationship ended.

From available earnings-call summaries. Disclosures are management statements, not independently verified transactions.

Live Summary

PIRAMALFIN ₹2,070.7 −4.53%
Guidance Verdict (19 tracked) 3 kept · 14 open· 2 missed
AI Call Brief · Q2 FY27

Piramal Finance Limited Q2 FY27

Overview

Symbol
NSE:PIRAMALFIN
Exchange
NSE
Currency
INR

What Piramal Finance Limited does

Based on the company's own presentations, annual report and earnings calls.

Piramal Finance is a diversified, technology-led NBFC that lends to individuals, small businesses and corporates through a network of branches across semi-urban and rural India. Its Retail Lending arm offers secured products (housing loans, loan-against-property, used car loans, gold loans) and unsecured products (salaried personal loans, business loans, rural micro loans, digital loans), while its Wholesale 2.0 arm finances real estate and corporate/mid-market projects. It also runs Piramal Alternatives (private credit and special situations funds), a Life Insurance joint venture distributing third-party insurance, and holds a legacy investment stake in the Shriram group.

Segments

  • Retail Lending
  • Wholesale 2.0 Lending
  • Legacy Portfolio
  • Piramal Alternatives
  • Life Insurance
  • Investments in Shriram
Branch network
701 branches
Geographic footprint
568 cities across 26 states/UTs
Pin codes served
13,000+
Customer franchise
5.7 million customers served
High-impact loans disbursed
2.5 million+ loans supporting affordable housing and small businesses
Customer geography
Majority of customers based outside Tier-1 cities, in semi-urban and rural India
Employees 16,684 (FY2026 (31 Mar 2026)) Company website

How the price took the results

Moved an average of ±0.9% across the last 4 priced result releases

Close before → close after
QuarterReleaseRevenue (₹ Cr) Net profit (₹ Cr)Rev YoYBefore → AfterReaction
Q2 FY2719 Oct 263,625 529+27.5%₹1,950.3 → ₹1,948.7−0.1%
Q1 FY2716 Jul 263,390 440+27.5%₹2,170 → ₹2,186.5+0.8%
Q4 FY2627 Apr 264,743 603+65.8%₹1,863 → ₹1,843.1−1.1%
Q3 FY2623 Jan 262,913 396+3.7%₹1,822.1 → ₹1,793.9−1.5%

The move from the last close before each results date to the first close on or after it — the market's first read on the quarter alongside what was filed.

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Quick Answers

Frequently asked questions on Piramal Finance Limited

Compiled directly from PIRAMALFIN's filed financial statements, earnings call transcripts, and ownership disclosures.

How did Piramal Finance Limited (PIRAMALFIN) perform in its latest reported quarter (Sept 2026)?

For the quarter ended Sept 2026, Piramal Finance Limited reported revenue of ₹3.6k Cr, net profit of ₹529 Cr, an operating margin of 65.0%. Diluted earnings per share stood at ₹22.36.

How is Piramal Finance Limited (PIRAMALFIN) valued today, and what growth does the stock price imply?

Piramal Finance Limited (PIRAMALFIN) trades at ₹2,070.7, with a market capitalization of ₹44.4k Cr.

Who owns Piramal Finance Limited (PIRAMALFIN) — promoters, FIIs, DIIs, and mutual funds?

As of Sept 2026, Promoters hold 44.2%, FIIs hold 15.6%, DIIs hold 21.8%, Public shareholders hold 18.4%.

Learn to analyse Piramal Finance Limited

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