Piramal Enterprises Q1 Results: Profit Jumps 52%, NII Rises 23%

Piramal Enterprises Ltd.’s consolidated net profit soared 52% in the quarter ended June of the current financial year, driven by a strong performance across its key business segments.

The company’s profit rose to Rs 276.4 crore in the first quarter compared Rs 181.5 crore for the same period last year, according to an exchange filing on Tuesday.

Total income up 19.8% to Rs 2,693.5 crore versus Rs 2,249.1 crore.

Net profit up 52% to Rs 276.4 crore versus Rs 181.5 crore.

Net interest income rises 23% to Rs 901.7 crore versus Rs 732.4 crore.

The retail asset under management for Piramal Enterprises climbed 37% year-on-year to Rs 69,005 crore, while the mortgage AUM grew to Rs 47,101 crore, denoting a 38% rise.

The quarterly disbursements of the firm rose 28% year-on-year to Rs 8,718 crore. It holds 517 branches across 428 cities in 26 states.

In another significant development, the company has received approval to raise funds up to Rs 1,000 crore through non-convertible debentures from July 29, 2025, to March 31, 2026. The approved funds will be raised through a private placement basis.

Shares of Piramal Enterprises closed 0.06% lower at Rs 1,295 apiece on the National Stock Exchange, compared to a 0.57% rise in the benchmark Nifty. The stock has risen 25.76% in the last 12 months and 17.23% on a year-to-date basis.

Out of the eight analysts tracking the company, two suggest a ‘buy’ rating on the stock, three recommend ‘hold’ and three gave ‘sell’, according to Bloomberg data. The average of 12-month analysts’ price target implies a potential downside of 9.2%.

In conclusion, Piramal Enterprises’ Q1 results provide a positive outlook for the company, with its strong performance across key business segments and robust growth in retail and mortgage asset under management.