Piramal Finance announced a consolidated net profit of ₹545 crore for the second quarter of the current financial year, a 67% rise from ₹327 crore in the same period last year. The earnings release, issued on Monday, prompted the company’s shares to climb as much as 4.36% to an intraday high of ₹2,033.15 on the BSE and 4.42% to ₹2,035 on the NSE. The surge followed the post‑market announcement of September‑quarter results, reflecting investor confidence in the firm’s performance.

Interest income for the quarter rose 26% to ₹3,253 crore, up from ₹2,585 crore a year earlier. Piramal’s assets under management increased 24% year‑on‑year to ₹1,13,112 crore, driven by a 30% growth in growth AUM that excludes the discontinued legacy business. Retail disbursements grew 34% annually to ₹14,646 crore, while the company’s nationwide footprint expanded to 838 branches across 621 cities in 25 states. The customer franchise also grew 26% year‑on‑year to 6.5 million, underscoring the firm’s expanding presence.

Retail assets under management grew 30% annually to ₹97,462 crore, while mortgage AUM increased 27% year‑on‑year to ₹64,650 crore. Within the mortgage book, mass‑affluent home loan and larger ticket loan against property segments have been growing at a faster rate, the company said. The firm’s asset quality remained stable, with gross non‑performing assets at 2.4% and net NPA at 1.7%. Moody’s upgraded Piramal’s rating to BA2 from BA3, maintaining a stable outlook. These figures underscore the company’s focus on diversified retail lending and its ability to capture higher‑value loan segments across its expanding network.

The company also announced the appointment of Dinesh Kumar Khara, former Chairman of the State Bank of India, as an Independent Director for a five‑year term. Khara’s nearly four‑decade career in banking is expected to bring valuable judgement and deep understanding of financial services to Piramal’s board. During the quarter ended September 30, 2026, the holding company completed a Qualified Institutions Placement, allotting 99,52,606 equity shares of face value ₹2 each at an issue price of ₹2,110 per share, raising ₹2,099.99 crore. This quarter also marks five years since the DHFL merger, a milestone in Piramal’s transformation into a diversified, retail‑led institution serving around 6.5 million customers across India.

At 12:14 pm, Piramal Finance shares traded 3.91% higher at ₹2,025, outperforming the NIFTY LARGEMIDCAP 250 index which was down 1.3%. The company’s stable asset quality, reflected in a gross NPA of 2.4% and net NPA of 1.7%, coupled with Moody’s upgrade to BA2, supports investor confidence. Anand Piramal, Chairman, reiterated the firm’s commitment to responsible credit access, combining its physical network with technology to serve customers better and to build a strong, sustainable institution for the long term.