Assets Under Management (AUM) increased 24% yoy to ₹ 1,13,112 Cr, driven by 30% yoy increase in Growth AUM, which excludes the discontinued legacy business. Retail disbursements increased 34% yoy to ₹ 14,646 Cr, reflecting sustained customer demand and continued business momentum. The Company’s nationwide footprint expanded to 838 branches across 621 cities in 25 states, while its customer franchise grew 26% yoy to 6.5 million, further strengthening its presence across India.
The Company completed an equity capital raise of ₹ 3,850 crore, comprising a QIP of ₹ 2,100 crore and a preferential allotment of ₹ 1,750 crore of warrants to the promoter group, strengthening its capital base to support future retail-led growth.
Today, the company also announced the appointment of Dinesh Kumar Khara, former Chairman of the State Bank of India (SBI), as an Independent Director for a five-year term. With a distinguished career of nearly four decades, his experience, judgement and deep understanding of financial services will be invaluable, and the company looks forward to his counsel and guidance.
Speaking on the performance, Anand Piramal, Chairman, Piramal Finance Limited, said, “Q2 marks another quarter of consistent performance across growth, profitability and predictability, with our Growth AUM increasing 30% yoy. We are encouraged by the confidence shown in us through our first capital raise as Piramal Finance, including strong participation from domestic and global investors.
This quarter also marks five years since the DHFL merger, an important milestone in our transformation into a diversified, retail-led financial institution serving around 6.5 million customers across Bharat. We are grateful for their trust and recognise the responsibility that comes with this scale. As we grow, our focus remains on expanding responsible access to formal credit, combining our physical network with technology and AI to serve customers better. We remain committed to delivering sustained, profitable growth and building a strong and sustainable institution for the long term.”
