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Piramal Finance Q2FY27 Results: Net Profit Jumps 67% to ₹545 Crore
Sentiment: NeutralHigh Priority
What Happened?
Piramal Finance reported a 67% increase in net profit to ₹545 crore for Q2FY27, driven by core income growth and improved cost management. The company's core net interest income rose by 35% to ₹1,530 crore.
Key points
- Net profit increased by 67% to ₹545 crore for Q2FY27.
- Core net interest income grew 35% to ₹1,530 crore.
- Assets under management rose by 24%.
- Cost-to-income ratio improved to 52.1% from 61.2%.
- Managing Director Jairam Sridharan expects to expand net interest margins by up to 0.20% over the next year.
- Gross non-performing assets ratio remained stable at 2.4%.
Key insights
- The company's ability to maintain stable asset quality amidst rising interest rates could enhance investor trust.
- The growth in core income suggests potential for future profitability.
- The appointment of a former SBI chairman as an independent director may strengthen corporate governance.
Why it matters
The financial results indicate strong growth and effective cost management, which may attract investors and enhance market confidence.
Tags
Entities
Piramal Finance· CompanyJairam Sridharan· PersonDinesh Kumar Khara· PersonSBI· Organization
Source
Business Standard
