# Piramal Finance (PIRAMALFIN) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/piramalfin

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹2,161.8
- Change: +1.99%
- As of: 2026-11-06
- 1D return: +1.99%
- 5D return: +18.98%
- 1M return: +10.50%
- Latest complete quarter: fy27_q2

## Faxioms Analysis

_As of 2026-11-06_

### Technical Outlook

Piramal Finance (₹2,200) exhibits a strong daily uptrend with established momentum, trading near its recent highs. The stock is positioned at the upper end of its 20-day (+99.8%) and 50-day (+76.8%) ranges, supported by an ADX of 35.52 and price action above key moving averages and the Supertrend on the daily chart. This bullish structure is corroborated by a weekly Morning Star pattern and significant upward gaps on November 4th and 5th.

However, a structural divergence exists: while the daily trend is bullish, the weekly Supertrend remains bearish, and the weekly ADX (30.17) indicates a less established trend than the daily timeframe. This suggests the current rally may be testing longer-term resistance. Immediate upside faces resistance at ₹2,219.45 (0.88% away), while downside support lies at ₹2,176.03 (1.09% below). With annualized volatility at +33.9% and a current drawdown of -4.8%, risk management is critical. A break above ₹2,219.45 could confirm further strength, whereas a failure to hold above the daily Supertrend or a drop below ₹2,176.03 would signal weakening momentum.

- Trend Strength: Daily trend is established (ADX 35.52) with price above all major MAs and Supertrend; Weekly Supertrend remains bearish, indicating a potential conflict between short-term momentum and medium-term structure.
- Price Positioning: Trading at ₹2,200, near the top of the 20-day (+99.8%) and 50-day (+76.8%) ranges, suggesting limited immediate room for expansion without breaking resistance.
- Key Levels: Immediate resistance at ₹2,219.45 (+0.88%) and ₹2,232.47 (+1.48%); immediate support at ₹2,176.03 (-1.09%).
- Risk & Volatility: High volatility environment (Annualized Vol +33.9%, ATR 4.04%) with a current drawdown of -4.8%; recent upward gaps on Nov 4-5 indicate strong buying interest but also potential for mean reversion.

- Morning Star
- Doji
- Inside Bar
- Harami
- Bullish Engulfing Reversal
- Outside Bar

### Official Filings

Piramal Finance Limited has completed key financial obligations and advanced governance changes, while preparing for investor engagement following strong Q2 FY27 results. On November 3, 2026, the company confirmed the full maturity redemption of ISIN INE140A07740 (₹13,134.72 lakh) and timely interest payments on other debentures. Earlier in October, it redeemed commercial paper ISIN INE202B14PO4 on its maturity date. Governance-wise, the Board appointed Mr. Dinesh Kumar Khara as an Independent Director effective October 19, 2026, with shareholder approval sought via postal ballot running until November 28, 2026. Financially, the company reported consolidated PAT of ₹545 Cr (up 67% YoY) and raised ₹3,850 Cr in capital during Q2 FY27 through a QIP and preferential allotment. An institutional roadshow is scheduled for November 4–5, 2026, in Singapore.

- Debt Obligations Met: Full redemption of NCDs (ISIN INE140A07740, ₹13,134.72 lakh) and commercial paper (ISIN INE202B14PO4) completed; interest payments certified timely under SEBI Reg 57.
- Capital Raise: Raised ₹3,850 Cr in Q2 FY27 via QIP (₹2,100 Cr) and preferential allotment of warrants (₹1,750 Cr) to the promoter group.
- Governance Update: Appointment of Mr. Dinesh Kumar Khara as Independent Director proposed for a five-year term; e-voting open from October 30 to November 28, 2026.
- Investor Engagement: Analyst/Institutional Investor Meet ('Singapore Roadshow') scheduled for November 4–5, 2026, featuring Q2 FY27 results presentation.

- [Confirmation of Redemption/Payment of Interest and Principal |SUBJECT: Confirmation of Redemption/Payment of Interest and Principal](https://nsearchives.nseindia.com/content/debt/WDM/PiramalFin_03112026141247_PFL_SE_intim_Reg_57_1_dt_03112026_sd.pdf)
- [Intimation of Schedule of Analyst/Investor Meeting under SEBI Listing Regulations - Singapore Roadshow (NDR) |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/Piramalcapital_30102026145734_PFL_SE_Intimation_Singapore_Roadshow_sd.pdf)
- [Piramal Finance Limited has informed the Exchange about Investor Presentation |SUBJECT: Investor Presentation](https://nsearchives.nseindia.com/corporate/Piramalcapital_30102026150123_PFL_SE_Intimation_Singapore_Roadshow_sd.pdf)
- [Piramal Finance Limited has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_27256_WebXMLFile_20261030_151011464.xml)
- [Confirmation of Redemption/Payment of Interest and Principal |SUBJECT: Confirmation of Redemption/Payment of Interest and Principal](https://nsearchives.nseindia.com/content/debt/WDM/PiramalFin_30102026155526_PFL_SE_intim_CPs_Redemption_sd.pdf)
- [Newspaper Advertisement confirming dispatch of the Notice of Postal Ballot |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/Piramalcapital_29102026123814_PFL_SE_Intimation_NP_Advertisement_sd.pdf)
- [Confirmation of Redemption/Payment of Interest and Principal |SUBJECT: Confirmation of Redemption/Payment of Interest and Principal](https://nsearchives.nseindia.com/content/debt/WDM/PiramalFin_29102026145048_PFL_SE_intim_Reg_57_1_dt_29102026_sd.pdf)
- [Notice of Postal Ballot |SUBJECT: Shareholders meeting](https://nsearchives.nseindia.com/corporate/Piramalcapital_28102026153717_PFL_SE_Intimation_Postall_Ballot_Notice_sd.pdf)

### Fundamentals

Piramal Finance’s financial trajectory for the period ending September 2026 shows a divergence between top-line growth and bottom-line earnings quality. Sales expanded by 27% year-on-year to ₹3,659 crore, with operating profit rising to ₹2,369 crore. However, net profit of ₹545 crore was significantly lower than operating profit, driven by high interest costs of ₹1,825 crore. This resulted in an EPS of ₹22.76, up from ₹14.42 in the prior year, but the company’s cash conversion remains weak; CFO/EBITDA stood at -224% for the March 2026 fiscal year, indicating that reported profits are not converting into operating cash flow. The balance sheet reflects this reliance on external funding, with borrowings increasing to ₹85,809 crore as of September 2026, while fixed assets contracted to ₹2,468 crore. Return metrics have softened, with ROCE declining to 6% from 8% in March 2026, and long-term compounded profit growth negative at -56% over three years. Institutional ownership has increased, with DIIs holding 21.75% and FIIs 15.61% as of September 2026.

- Sales grew 27% YoY to ₹3,659 crore in Sep 2026, but net profit (₹545 crore) remained far below operating profit (₹2,369 crore) due to interest expenses of ₹1,825 crore.
- Cash generation is strained: CFO/EBITDA ratio was -224% for FY Mar 2026, and borrowings rose to ₹85,809 crore by Sep 2026.
- Return on Capital Employed (ROCE) declined to 6% from 8% in Mar 2026, while 3-year compounded profit growth stands at -56%.
- Next checkpoint: Monitor whether interest cost containment improves net margins and if operating cash flows turn positive in subsequent quarters.

### Bear Case

Piramal Finance faces headwinds from a deteriorating macro credit environment, where household debt has surged to 46% of GDP, outpacing income growth. With the Reserve Bank of India raising interest rates to 5.5%, consumers face higher borrowing costs and modest real wage growth, increasing default risks for non-bank lenders. This sectoral pressure is reflected in Piramal Finance’s technical setup: while the monthly trend remains bullish, the weekly Supertrend has turned bearish with a steep -51.2 slope on the 20-period EMA, signaling short-term momentum loss. The stock currently trades at ₹2,200, down 4.8% from its recent peak, with a maximum historical drawdown of -21.9%. Resistance is immediate at ₹2,219.45 (0.88% above), suggesting limited upside room without renewed buying volume.

- Macro credit strain: Household debt reached 46% of GDP with rising defaults among non-bank lenders as RBI rates hit 5.5%.
- Technical reversal: Weekly Supertrend turned bearish (-51.2 EMA slope) despite monthly bullishness, indicating short-term weakness.
- Price action: Stock at ₹2,200 with current drawdown of -4.8%; immediate resistance at ₹2,219.45 limits near-term upside.
- Volatility risk: Annualized volatility stands at +33.9% with downside deviation of +18.2%, highlighting elevated price instability.

- [Middle class spending boom in India comes with growing debt bill](https://economictimes.indiatimes.com/industry/banking/finance/middle-class-spending-boom-in-india-comes-with-growing-debt-bill/articleshow/135526004.cms)
- [Confirmation of Redemption/Payment of Interest and Principal |SUBJECT: Confirmation of Redemption/Payment of Interest and Principal](https://nsearchives.nseindia.com/content/debt/WDM/PiramalFin_03112026141247_PFL_SE_intim_Reg_57_1_dt_03112026_sd.pdf)
- [Intimation of Schedule of Analyst/Investor Meeting under SEBI Listing Regulations - Singapore Roadshow (NDR) |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/Piramalcapital_30102026145734_PFL_SE_Intimation_Singapore_Roadshow_sd.pdf)
- [Piramal Finance Limited has informed the Exchange about Investor Presentation |SUBJECT: Investor Presentation](https://nsearchives.nseindia.com/corporate/Piramalcapital_30102026150123_PFL_SE_Intimation_Singapore_Roadshow_sd.pdf)
- [Piramal Finance Limited has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_27256_WebXMLFile_20261030_151011464.xml)
- [Confirmation of Redemption/Payment of Interest and Principal |SUBJECT: Confirmation of Redemption/Payment of Interest and Principal](https://nsearchives.nseindia.com/content/debt/WDM/PiramalFin_30102026155526_PFL_SE_intim_CPs_Redemption_sd.pdf)
- [Newspaper Advertisement confirming dispatch of the Notice of Postal Ballot |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/Piramalcapital_29102026123814_PFL_SE_Intimation_NP_Advertisement_sd.pdf)
- [Confirmation of Redemption/Payment of Interest and Principal |SUBJECT: Confirmation of Redemption/Payment of Interest and Principal](https://nsearchives.nseindia.com/content/debt/WDM/PiramalFin_29102026145048_PFL_SE_intim_Reg_57_1_dt_29102026_sd.pdf)
- [Notice of Postal Ballot |SUBJECT: Shareholders meeting](https://nsearchives.nseindia.com/corporate/Piramalcapital_28102026153717_PFL_SE_Intimation_Postall_Ballot_Notice_sd.pdf)

### FAQs

**What were Piramal Finance's key financial results for Q2 FY27?**

For Q2 FY27, Piramal Finance reported a consolidated Net Profit After Tax (PAT) of ₹545 Cr, representing a 67% year-over-year increase. The company’s Total AUM grew to ₹1,13,112 Cr (up 24% YoY), with Retail Lending AUM expanding by 30% YoY to ₹97,462 Cr. Operational metrics included a Net Interest Margin (NIM) of 6.5%, Gross Non-Performing Assets (GNPA) of 2.4%, and a Liquidity Coverage Ratio (LCR) of 442%.

**How much capital did Piramal Finance raise in Q2 FY27?**

The company raised a total of ₹3,850 Cr in Q2 FY27 through two primary mechanisms: a Qualified Institutional Placement (QIP) of ₹2,100 Cr and a preferential allotment of warrants worth ₹1,750 Cr to the promoter group.

**Has Piramal Finance redeemed any debt instruments recently?**

Yes. On November 3, 2026, the company confirmed the full maturity redemption of Non-Convertible Debentures (ISIN INE140A07740). This involved the redemption of 13,13,472 NCDs valued at Rs. 13,134.72 lakh, bringing the outstanding amount for this specific instrument to Rs. 0.

**What is the current technical trend for PIRAMALFIN shares?**

As of November 6, 2026, the daily trend is bullish with the stock closing at ₹2,200.00, up +3.8% from the previous close. Year-to-date returns stand at +33.7%. However, the weekly trend shows a bearish signal, and the stock faces immediate resistance levels at ₹2,219.45 (+0.88%) and ₹2,232.47 (+1.48%). Support is noted at ₹2,176.03 (-1.09%).

- [Middle class spending boom in India comes with growing debt bill](https://economictimes.indiatimes.com/industry/banking/finance/middle-class-spending-boom-in-india-comes-with-growing-debt-bill/articleshow/135526004.cms)
- [Confirmation of Redemption/Payment of Interest and Principal |SUBJECT: Confirmation of Redemption/Payment of Interest and Principal](https://nsearchives.nseindia.com/content/debt/WDM/PiramalFin_03112026141247_PFL_SE_intim_Reg_57_1_dt_03112026_sd.pdf)
- [Intimation of Schedule of Analyst/Investor Meeting under SEBI Listing Regulations - Singapore Roadshow (NDR) |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/Piramalcapital_30102026145734_PFL_SE_Intimation_Singapore_Roadshow_sd.pdf)
- [Piramal Finance Limited has informed the Exchange about Investor Presentation |SUBJECT: Investor Presentation](https://nsearchives.nseindia.com/corporate/Piramalcapital_30102026150123_PFL_SE_Intimation_Singapore_Roadshow_sd.pdf)
- [Piramal Finance Limited has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_27256_WebXMLFile_20261030_151011464.xml)
- [Confirmation of Redemption/Payment of Interest and Principal |SUBJECT: Confirmation of Redemption/Payment of Interest and Principal](https://nsearchives.nseindia.com/content/debt/WDM/PiramalFin_30102026155526_PFL_SE_intim_CPs_Redemption_sd.pdf)
- [Newspaper Advertisement confirming dispatch of the Notice of Postal Ballot |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/Piramalcapital_29102026123814_PFL_SE_Intimation_NP_Advertisement_sd.pdf)
- [Confirmation of Redemption/Payment of Interest and Principal |SUBJECT: Confirmation of Redemption/Payment of Interest and Principal](https://nsearchives.nseindia.com/content/debt/WDM/PiramalFin_29102026145048_PFL_SE_intim_Reg_57_1_dt_29102026_sd.pdf)
- [Notice of Postal Ballot |SUBJECT: Shareholders meeting](https://nsearchives.nseindia.com/corporate/Piramalcapital_28102026153717_PFL_SE_Intimation_Postall_Ballot_Notice_sd.pdf)
## Technical analytics

- As of: 2026-11-06
- Daily trend: Weak Uptrend
- Weekly trend: Moderate Uptrend
- Pivot point: ₹2,075.57
- Risk regime: Higher Price Risk

### Support levels
- 2166.15
- 1691.0625
- 1620.1

### Resistance levels
- 2219.45
- 2324.85
- 2176.033333333334

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | +1.99% |
| return_10 | +15.33% |
| return_1m | +7.10% |
| return_20 | +10.50% |
| return_3m | +2.47% |
| return_5 | +18.98% |
| return_6m | +11.76% |
| return_since_start | +27.55% |
| return_ytd | +31.42% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | high_risk |
| label | Higher price risk |
| summary | Recent drawdown or price variability is materially high and may lead to larger short-term outcomes. |
| maximum_drawdown | -21.93% |
| annualized_volatility | +33.73% |

## Quarterly financials

- Latest complete quarter: fy27_q2

# Piramal Finance Limited FY2026-27 Q2: Pre-tax profit rises 58% QoQ

Piramal Finance’s consolidated profit before tax rose 57.8% sequentially to ₹543 crore in FY2026-27 Q2, as income growth outpaced higher expenses and impairment charges declined. Profit for the period increased 18.3% to ₹545 crore. Between 31 March and 30 September 2026, the loan balance and borrowings grew, while cash and cash equivalents and investments fell.

## Income growth led by interest earned

Interest earned increased 5.4% QoQ to ₹3,253 crore from ₹3,085 crore in Q1 FY2026-27. Revenue from operations rose 8.6% to ₹3,659 crore from ₹3,368 crore, and total income increased 8.4% to ₹3,717 crore from ₹3,430 crore.

Other revenue from operations declined to ₹52 crore from ₹100 crore, and dividend income fell to ₹10 crore from ₹18 crore. The loan balance was ₹96,618 crore at 30 September 2026, compared with ₹84,838 crore at 31 March 2026.

## Lower impairment expense supported pre-tax profit

Impairment on financial instruments declined 14.0% QoQ to ₹235 crore from ₹274 crore. Finance costs rose 5.3% to ₹1,825 crore, and total expenses increased 2.9% to ₹3,174 crore. With income rising faster than expenses, profit before tax increased from ₹344 crore in Q1 to ₹543 crore in Q2.

Tax expense was ₹35 crore in Q2, compared with a tax credit of ₹18 crore in Q1. Consolidated profit for the period was ₹545 crore, of which ₹539 crore was attributable to owners of the parent and ₹7 crore to non-controlling interests.

## Borrowings rose alongside the loan book

Borrowings increased to ₹53,995 crore at 30 September 2026 from ₹48,269 crore at 31 March 2026. Debt securities were ₹31,679 crore, compared with ₹31,592 crore at the March year-end. Equity attributable to owners of the parent rose to ₹30,942 crore from ₹28,149 crore.

Cash and cash equivalents declined to ₹2,054 crore from ₹4,123 crore, while investments fell to ₹8,706 crore from ₹9,814 crore. The increase in loans and borrowings alongside lower cash and investments is a material balance-sheet shift to monitor.

## Earnings per share

Basic EPS was ₹23.68 in Q2, up from ₹20.38 in Q1 FY2026-27. Diluted EPS increased to ₹23.50 from ₹20.27.

## Management commentary

In its October 2026 investor presentation, management said Q2 FY2026-27 consolidated profit after tax of ₹545 crore continued a run of stable profits. It also said the growth business now drives company financials, with company profits essentially in line with growth-book profits over the last six quarters. The presentation highlighted AI adoption, stating that 57% of overall code was written by AI and that generative AI use had increased more than fivefold over the last year. It also noted an equity capital raise in Q2 FY2026-27.

## Key Takeaway

Piramal Finance delivered higher sequential pre-tax profit as income growth coincided with lower impairment expense, while expenses and finance costs also increased. The loan balance and borrowings expanded between the March and September reporting dates, but cash and investments declined, making the changing funding and liquidity position important alongside improved earnings.

### Ratios

## Shareholding pattern

- Quarter: FY2027-Q1
- As of: 2026-06-30
- Promoter holding: +44.22%
- FII holding: +15.72%
- DII holding: +21.21%
- Mutual fund holding: +16.33%
- Retail holding: +10.32%
- Promoter pledged: +0.00%

### Major reported shareholders

- Anutham Realty Private Limited — +23.74% (Bodies Corporate)
- The Sri Krishna Trust (through its Trustee Mr. Ajay G Piramal and Dr. (Mrs.) Swati Piramal) — +9.60% (Trusts)
- Kotak Midcap Fund — +4.48%
- V3 Designs LLP — +4.10% (Bodies Corporate)
- PRL Realtors LLP — +3.79% (Bodies Corporate)
- Quant Mutual Fund - Quant Small Cap Fund — +3.54%
- Government Pension Fund Global — +2.96%
- Life Insurance Corporation Of India — +2.36%
- Hsbc Mutual Fund - Hsbc Midcap Fund — +2.13%
- Nippon Life India Trustee Ltd- A/C Nippon India Growth Mid Cap Fund — +1.98%

## Official filings

- 2026-11-06 — Generic Announcement: Piramal Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/Piramalcapital_06112026185354_PFL_SE_Intimation_ESOP_06112026_sd.pdf)
- 2026-11-06 — Generic Announcement: Piramal Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_27256_WebXMLFile_20261106_191148088.xml)
- 2026-11-03 — Generic Announcement: Piramal Finance Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/PiramalFin_03112026141247_PFL_SE_intim_Reg_57_1_dt_03112026_sd.pdf)
- 2026-11-03 — Generic Announcement: Piramal Finance Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/PiramalFin_03112026141247_PFL_SE_intim_Reg_57_1_dt_03112026_sd.pdf)
- 2026-11-03 — Generic Announcement: Piramal Finance Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/PiramalFin_03112026141247_PFL_SE_intim_Reg_57_1_dt_03112026_sd.pdf)
- 2026-10-30 — Generic Announcement: Piramal Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/Piramalcapital_30102026145734_PFL_SE_Intimation_Singapore_Roadshow_sd.pdf)
- 2026-10-30 — Earnings Presentation: Piramal Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/Piramalcapital_30102026150123_PFL_SE_Intimation_Singapore_Roadshow_sd.pdf)
- 2026-10-30 — Generic Announcement: Piramal Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_27256_WebXMLFile_20261030_151011464.xml)
- 2026-10-30 — Generic Announcement: Piramal Finance Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/PiramalFin_30102026155526_PFL_SE_intim_CPs_Redemption_sd.pdf)
- 2026-10-29 — Generic Announcement: Piramal Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/Piramalcapital_29102026123814_PFL_SE_Intimation_NP_Advertisement_sd.pdf)
- 2026-10-29 — Generic Announcement: Piramal Finance Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/PiramalFin_29102026145048_PFL_SE_intim_Reg_57_1_dt_29102026_sd.pdf)
- 2026-10-28 — Generic Announcement: Piramal Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/Piramalcapital_28102026153717_PFL_SE_Intimation_Postall_Ballot_Notice_sd.pdf)
- 2026-10-28 — Generic Announcement: Piramal Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/NOTICE_OF_SHAREHOLDERS_MEETINGS_27256_WebXMLFile_20261028_155035062.xml)
- 2026-10-28 — Generic Announcement: Piramal Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/Piramalcapital_28102026164046_PFL_SE_Intimation_Monitoring_Agency_sd.pdf)
- 2026-10-27 — Regulatory Filing: Piramal Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/PIRAMALFIN_10272026155833_53960.zip)
- 2026-10-26 — Generic Announcement: Piramal Finance Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/PiramalFin_26102026144105_ALM_Statement_Final_Sep_2026_sd.pdf)
- 2026-10-26 — Generic Announcement: Piramal Finance Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/PiramalFin_26102026144145_ALM_Statement_Final_Sep_2026_sd.pdf)
- 2026-10-23 — Generic Announcement: Piramal Finance Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/PiramalFin_23102026133745_PFL_SE_intim_Reg_57_1_dt_23102026.pdf)
- 2026-10-23 — Generic Announcement: Piramal Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/Piramalcapital_23102026145359_PFL_SE_Intimation_Transcript_Signed.pdf)
- 2026-10-23 — Generic Announcement: Piramal Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_27256_WebXMLFile_20261023_150905537.xml)
- 2026-10-21 — Generic Announcement: Piramal Finance Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/PiramalFin_21102026114313_PFL_SE_Intimation_Reg_60_Dec_2026_sd.pdf)
- 2026-10-21 — Generic Announcement: Piramal Finance Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/PiramalFin_21102026114313_PFL_SE_Intimation_Reg_60_Dec_2026_sd.pdf)
- 2026-10-21 — Generic Announcement: Piramal Finance Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/PiramalFin_21102026114313_PFL_SE_Intimation_Reg_60_Dec_2026_sd.pdf)
- 2026-10-21 — Generic Announcement: Piramal Finance Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/PiramalFin_21102026121138_Investor_Presentation_Intimation.pdf)
- 2026-10-21 — Generic Announcement: Piramal Finance Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/PiramalFin_21102026142922_PFL_SE_intim_Reg_57_1_dt_21102026.pdf)

## News and market events

- 2026-11-06 — Economic Times: **Quant Small Cap Fund adds Jio Platforms and 4 others; increases stake in Adani Power, 5 more** — Quant Small Cap Fund added Jio Platforms, Primo Chemicals, and three other stocks to its portfolio in October while increasing exposure to Adani Power and LIC Housing Finance. The fund exited five holdings including Delhivery and Jubilant Pharmova, reduced positions in Bandhan Bank and others, and maintained holdings in nearly 90 stocks. Managed by a team of seven investment professionals, the fund reported an AUM of Rs 30,809.27 crore in October, down from Rs 35,572 crore in September. — [Source](https://economictimes.indiatimes.com/mf/analysis/quant-small-cap-fund-adds-jio-platforms-and-4-others-increases-stake-in-adani-power-5-more/articleshow/135603855.cms)
- 2026-11-04 — Economic Times: **Middle class spending boom in India comes with growing debt bill** — India's middle-class consumption boom, fueled by expanded credit access, is accompanied by a rapid surge in household debt that has reached 46% of GDP and risen significantly faster than incomes. With the Reserve Bank of India raising interest rates to 5.5% and economists warning of potential rate hikes, consumers face heightened default risks as borrowing costs increase and real wage growth remains modest. Indicators such as a 45% jump in gold-backed loans and distress among non-bank lenders suggest that the sustainability of this credit-driven spending model is under strain. — [Source](https://economictimes.indiatimes.com/industry/banking/finance/middle-class-spending-boom-in-india-comes-with-growing-debt-bill/articleshow/135526004.cms)
- 2026-10-22 — The Hindu: **Piramal Finance Strengthens its Board with the Appointment of Former SBI Chairman Dinesh Kumar Khara as Independent Director** — Piramal Finance Limited, a leading retail-focused non-banking financial company, today announced the appointment of Mr. — [Source](https://www.thehindubusinessline.com/brandhub/pr-release/piramal-finance-strengthens-its-board-with-the-appointment-of-former-sbi-chairman-dinesh-kumar-khara-as-independent-director/article71610158.ece)
- 2026-10-22 — The Hindu: **Piramal Finance Strengthens its Board with the Appointment of Former SBI Chairman Dinesh Kumar Khara as Independent Director** — Piramal Finance Strengthens its Board with the Appointment of Former SBI Chairman Dinesh Kumar Khara as Independent Director left https://th-i.thgim.com/public/incoming/cxwfs4/article71610153.ece/alternates/FREE_1200/Pfl.png SPONSORED CONTENT Mumbai, Maharashtra, India – Business Wire India Piramal Finance Limited, a leading retail-focused non-banking financial company, today announced the appointment of Mr. — [Source](https://www.thehindu.com/brandhub/pr-release/piramal-finance-strengthens-its-board-with-the-appointment-of-former-sbi-chairman-dinesh-kumar-khara-as-independent-director/article71610156.ece)
- 2026-10-21 — Mint: **Gold loan boom brings early stress signals for NBFCs | Today News** — While Bajaj Finance has seen stress in asset quality from short-tenure gold loans, Piramal Finance warned that a significant share of industry disbursements has gone to borrowers with a history of serious delinquencies. — [Source](https://www.livemint.com/news/gold-loan-stress-nbfc-piramal-bajaj-finance-precious-metal-11792580129138.html)
- 2026-10-21 — MONEYCONTROL: **Buy Piramal Finance; target of Rs 2800: ICICI Securities** — Piramal Finance, ICICI Securities, Recommendations, Buy — [Source](https://www.moneycontrol.com/news/business/buy-piramal-finance-target-of-rs-2800-icici-securities-2-14056683.html)
- 2026-10-21 — Economic Times: **Piramal Finance shares jump 4% as Q2 profit rises 67% YoY to Rs 545 crore, NII jumps 35% YoY** — Piramal Finance shares rose nearly 4% after Q2 FY27 net profit surged 67% year-on-year to Rs 545 crore. Assets under management grew 24%, while retail disbursements increased 34%. The company strengthened its capital base, expanded AI adoption, improved operational efficiency, and appointed former SBI Chairman Dinesh Kumar Khara as Independent Director. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/piramal-finance-shares-jump-4-as-q2-profit-rises-67-yoy-to-rs-545-crore-nii-jumps-35-yoy/articleshow/135084284.cms)
- 2026-10-21 — Economic Times: **Piramal Finance appoints former SBI chairman Dinesh Khara as Independent Director** — Piramal Finance has named Dinesh Kumar Khara, who headed the State Bank of India from October 2020 to August 2024, as an Additional Director designated Independent Director. The five-year term starts October 19, 2026 and needs shareholder approval. — [Source](https://cfo.economictimes.indiatimes.com/news/leadership/piramal-finance-appoints-former-sbi-chairman-dinesh-khara-as-independent-director/135083878)
- 2026-10-21 — CNBC-TV18: **Piramal Finance appoints former SBI chairman Dinesh Khara as independent director** — Piramal Finance has appointed former SBI chairman Dinesh Kumar Khara as an independent director for a five-year term starting October 19, 2026. — [Source](https://www.cnbctv18.com/market/piramal-finance-appoints-former-sbi-chairman-dinesh-khara-independent-director-20015886.htm)
- 2026-10-21 — MONEYCONTROL: **Nomura names Piramal Finance top NBFC pick as Q2 profit jumps 67%; retains 'Buy', Rs 2,550 target** — Piramal Finance, Piramal Finance news, Piramal Finance stocks, Piramal Finance shares — [Source](https://www.moneycontrol.com/news/business/stocks/nomura-names-piramal-finance-top-nbfc-pick-as-q2-profit-jumps-67-retains-buy-rs-2-550-target-14056349.html)
- 2026-10-21 — BUSINESSTODAY: **GIFT Nifty up 116 points; RIL, HD Fire, Infosys, Hind Zinc, IREDA, Adani among top stocks in focus** — GIFT Nifty, GIFT Nifty today, GIFT Nifty cues, GIFT Nifty signals, GIFT Nifty cues today, GIFT Nifty signals today, Stocks in news, Stocks to buy, Stocks to watch, Stocks in buzz, Stocks in focus, Reliance, HD Fire Protect, Infosys, Bajaj Finance, LTTS, Hind Zinc, ICICI Pru AMC, IREDA, Adani Group stocks — [Source](https://www.businesstoday.in/markets/trending-stocks/story/gift-nifty-up-116-points-ril-hd-fire-infosys-hind-zinc-ireda-adani-among-top-stocks-in-focus-562660-2026-10-21)
- 2026-10-21 — CNBC-TV18: **Piramal Finance shares in focus after Q2 net profit jumps 67%; Margins, asset quality stable** — Asset quality for Piramal Finance remained largely stable with gross non-performing assets (NPA) remaining unchanged at 2.4% compared 2.4% last quarter, while its net NPA increased by 10 basis points to 1.7% from 1.6% sequentially. — [Source](https://www.cnbctv18.com/market/piramal-finance-share-price-q2-results-fy27-guidance-aum-profit-growth-asset-quality-margins-irdai-rules-impact-target-buy-sell-20015686.htm)
- 2026-10-21 — Mint: **Top stocks to watch today: Eternal, Reliance Industries, IREDA, RailTel shares in focus on Wed, 21 Oct | Full list** — Top stocks to watch: Eternal, Adani Green, Reliance Industries, IREDA, Bajaj Finance, Hindustan Zinc, Waaree Renewable Technologies are among the shares that will remain in focus on Wednesday. — [Source](https://www.livemint.com/market/stock-market-news/top-stocks-to-watch-today-eternal-reliance-industries-ireda-railtel-shares-in-focus-on-wed-21-oct-full-list-11792546323951.html)
- 2026-10-20 — Economic Times: **Piramal Finance net profit surges 67 pc on core income growth; guides towards NIM expansion** — Piramal Finance has reported a remarkable 67% increase in net profit, achieving Rs 545 crore for the September quarter. The growth in core net interest income is credited to a rise in assets under management and a better net income margin. The company is optimistic about further margin expansion, even as some sectors reveal concerns over asset quality. — [Source](https://cfo.economictimes.indiatimes.com/news/strategy-operations/piramal-finance-net-profit-surges-67-pc-on-core-income-growth-guides-towards-nim-expansion/135066463)
- 2026-10-20 — CNBC-TV18: **Nifty Outlook for October 21: Higher oil prices dampen index recovery; focus back at lower levels** — The Nifty Bank too has closed very near to its near-term support zone of 55,500 and in case there happens to be sustained selling below that mark, it can take the index back down to 55,000 or even 54,500 on the downside. Any potential recovery on the upside could encounter hurdles at 56,000. — [Source](https://www.cnbctv18.com/market/trade-setup-nifty-prediction-outlook-october-21-jio-platforms-ipo-banks-higher-crude-key-levels-20015526.htm)
- 2026-10-19 — The Hindu: **Piramal Finance Q2 net profit surges 67% to ₹545 crore on core income growth; guides towards NIM expansion** — Piramal Finance posts 67% profit surge to ₹545 crore on core income growth, guiding NIM expansion amid improving efficiency. — [Source](https://www.thehindubusinessline.com/companies/piramal-finance-q2-net-profit-surges-67-to-545-crore-on-core-income-growth-guides-towards-nim-expansion/article71602986.ece)
- 2026-10-19 — Economic Times: **Piramal Finance Q2 net profit soars 67% to Rs 545 crore** — Piramal Finances assets under management grew 24% to Rs 1.13 lakh crore, led by a 30% rise in retail AUM. Net interest income increased 35%, while its net interest margin expanded 35 basis points to 6.5%. — [Source](https://economictimes.indiatimes.com/markets/stocks/earnings/piramal-finance-q2-net-profit-soars-67-to-rs-545-crore/articleshow/135050351.cms)
- 2026-10-19 — CNBC-TV18: **Piramal Finance Q2 results: Profit surges 65% as revenue climbs to ₹3,659 crore** — Revenue from operations rose to ₹3,659 crore, while net interest income increased to ₹1,530 crore. Assets under management crossed ₹1.13 lakh crore, and the lender raised ₹3,850 crore through a qualified institutional placement and preferential warrants. — [Source](https://www.cnbctv18.com/market/earnings/piramal-finance-q2-results-profit-surges-65-pc-as-revenue-climbs-to-rs-3659-crore-20015107.htm)
- 2026-10-19 — FREEPRESSJOURNAL.IN: **Piramal Finance Q2 FY27 Results: Consolidated Net Profit Surges 66.86% To ₹545.42 Crore, Total Income Climbs To ₹3,717.16 Crore** — Piramal Finance Limited reported a 66.86 per cent increase in consolidated net profit to ₹545.42 crore for the quarter ended September 30, 2026, compared to ₹326.99 crore in the year-ago period. Total income for the quarter also rose to ₹3,717.16 crore. — [Source](https://www.freepressjournal.in/business/piramal-finance-q2-fy27-results-consolidated-net-profit-surges-6686-to-54542-crore-total-income-climbs-to-371716-crore)
- 2026-10-19 — The Hindu: **Q2 Results Today Live: Bajaj Finance, UltraTech Cement, Hindustan Zinc, Union Bank of India, LTTS, Piramal Finance, IREDA to announce Q2 results, HDFC Bank, Axis Bank, ICICI Bank, Yes Bank shares in focus after Q2 results** — Q2 Results Today, 19th October 2026 Live Updates: Stay tuned to businessline for more — [Source](https://www.thehindubusinessline.com/markets/q2-results-today-live-updates-bajaj-finance-ultratech-cement-hindustan-zinc-union-bank-of-india-ltts-piramal-finance-ireda-company-results-hdfc-bank-axis-bank-yes-icici-results-19-october-2026/article71599553.ece)
- 2026-10-17 — FREEPRESSJOURNAL.IN: **Piramal Finance Allegedly Duped Of ₹4.03 Crore Through 147 Fraudulent Online Loan Applications; Ghatkopar Police Register FIR** — Ghatkopar police have registered a case after Piramal Finance Limited allegedly lost ₹4.03 crore through 147 fraudulent online loan applications submitted between February 18 and 20, 2026. The company — [Source](https://www.freepressjournal.in/mumbai/piramal-finance-allegedly-duped-of-403-crore-through-147-fraudulent-online-loan-applications-ghatkopar-police-register-fir)
- 2026-10-05 — The Hindu: **Piramal Finance directors okay ₹1,750-cr preferential allotment of warrants to promoter group** — Piramal Finance approves ₹1,750 crore warrants allotment to promoter group, amid concurrent ₹2,000 crore NCD issue plans. — [Source](https://www.thehindubusinessline.com/money-and-banking/piramal-finance-directors-okay-1750-cr-preferential-allotment-ofwarrants-topromoter-group/article71548022.ece)
- 2026-09-28 — Mint: **Top stocks in focus tomorrow: Investors must watch HCL Tech, NCC, IRFC, Power Mech shares on Tue, 29 Sept | Triggers** — Investors will focus on HCL Technologies, NLC India, Power Mech Projects, and others following recent business developments and contracts. Key announcements include HCL's acquisition of Robotiq.ai and NCC's ₹1,076.71 crore water supply contract in Andhra Pradesh. — [Source](https://www.livemint.com/market/stock-market-news/top-stocks-in-focus-tomorrow-investors-must-watch-hcl-tech-ncc-irfc-power-mech-shares-on-tue-29-sept-triggers-11790605116716.html)
- 2026-09-28 — CNBC-TV18: **Piramal Finance approves ₹2,000 crore NCD issue at 8.62% interest** — The private placement will have a ₹500 crore base size with an option to retain ₹1,500 crore in additional subscriptions. The secured, listed debentures will have a tenure of three years and 45 days and mature in November 2029. — [Source](https://www.cnbctv18.com/business/piramal-finance-approves-%25e2%2582%25b92000-crore-ncd-issue-at-8-62-interest-20000301.htm)
- 2026-09-28 — The Hindu: **Disprz crosses ₹130 crore ARR and launches Autonomous Enablement OS, pioneering a new category beyond traditional L&D** — Disprz crosses ₹130 crore ARR and launches Autonomous Enablement OS, pioneering a new category beyond traditional L&D — [Source](https://www.thehindubusinessline.com/brandhub/pr-release/disprz-crosses-130-crore-arr-and-launches-autonomous-enablement-os-pioneering-a-new-category-beyond-traditional-l-d/article71518448.ece)

## Business profile

**Strategic vision:** Provides financial solutions to individuals and businesses.

### Business segments
- **Retail Lending:** Supports individuals primarily in metro-adjacent, semi-urban, and rural areas with various loan products.
- **Wholesale Lending:** Partners with developers and mid-sized businesses, offering asset-backed, data-driven solutions across real estate and non-real estate sectors.

### Competitive strengths
- Operates with a digital-first approach combined with personal care for its customers.
- Strategy to be a preferred lender for semi-urban and rural India, promoting inclusive growth.

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## Freshness and sources

- Data as of: 2026-11-06
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/piramalfin
Markdown representation: https://faxioms.com/stocks/piramalfin?render=md