Piramal Finance Q2 FY27: growth RoAUM at 2.0%, says it is on track to meet all FY27 targets
Q2 FY27 growth business RoAUM 2.0% vs 1.7% a year ago; AUM up 24% YoY, consolidated PAT up 67% YoY.
By ScoutQuest · · 1 min read
- Growth business RoAUM
- 2.0% in Q2 FY27 vs 1.7% a year ago
- AUM growth YoY
- AUM up 24% YoY
- Consolidated PAT growth YoY
- consolidated PAT up 67% YoY
- Period
- Q2 FY27
- Positioning
- The company describes itself as a retail-led NBFC with retail AUM of ₹97,462 Cr (86% of total), one of the fastest among retail NBFCs to grow AUM from ₹20k Cr to ₹90k Cr.
📉 Growth business RoAUM rose to 2.0% in Q2 FY27 from 1.7% in Q2 FY26, total AUM grew 24% YoY and consolidated PAT 67% YoY. Opex-to-AUM fell to 3.48% and retail 90+ DPD was 0.7%.
📌 The company positions itself as a retail lender, with retail AUM of ₹97,462 Cr (86% of total), led by housing loans (₹34,164 Cr) and LAP (₹30,486 Cr), and says its retail scale-up is among the fastest in the industry.
🎯 Management states it is on track to meet all FY27 targets: ~25% AUM growth, ~50% consolidated PAT growth and ~2.5% annualized RoAUM in the exit quarter. It also says micro-loans are the first product in an emerging rural strategy, with rural branches rising to 203.
💰 The company cites rating upgrades in Q4 FY26, incremental debt cost of 8.46% in H1 FY27 against 9.08% on maturing H2 FY27 debt, and cost of borrowing stock down to 8.79% as support for profitability; AUM-to-equity dipped to 3.6 after a Q2 FY27 equity raise.
Also from Piramal Finance
Q2 FY27 call: AUM up 24% at INR1,13,112 crores, PAT up 67%; FY28 AUM aspiration INR1.5 lakh crores
23 Oct 2026
Piramal Finance shares rose on the back of a strong set of quarterly numbers
21 Oct 2026
Piramal Finance posts audio recording of 19 Oct 2026 conference call on Q2/H1 FY27 unaudited results
19 Oct 2026
More numbers
- Growth business RoAUM, Q2 FY272.0%
- Total AUM YoY growth, Q2 FY2724%
- Consol. PAT YoY growth, Q2 FY2767%
- Consol. PAT YoY growth target, FY27~50%
- RoAUM exit quarter target, FY27~2.5%
- Opex-to-AUM, Q2 FY273.48%
- Retail AUM, Q2 FY2797,462 (₹ Cr)
- Housing loans AUM, Sep-2634,164 (In ₹ Cr)
- LAP AUM, Sep-2630,486 (In ₹ Cr)
- Rural micro-loan AUM, Sep-261,762 (In ₹ Cr)
- Cost of borrowing stock, Q2 FY278.79%
- Rural branches, Sep-26203
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