19-Oct-2026 22:59:48
PIRAMAL FINANCE Q2 CONCALL : 25% AUM GROWTH, 50% PROFIT GROWTH GUIDANCE & 2.5% ROAUM TARGET
• FY27 AUM GROWTH GUIDANCE MAINTAINED AT 25% YOY • FY27 NET PROFIT GROWTH TARGETED AT 50% YOY • FY28 AUM TARGETED AT ₹1.5 LAKH CR • GROWTH-BUSINESS ROAUM TARGETED AT 2.5% BY Q4 FY27 FROM CURRENT 2% • LONG-TERM ROAUM TARGET MAINTAINED ABOVE 3% • MEDIUM-TERM AUM EXPECTED TO DOUBLE EVERY THREE YEARS, WITH LEVERAGE TARGETED AT 4.5–5X • OPERATING EXPENSES RELATIVE TO AUM EXPECTED TO DECLINE BY ANOTHER 30–35 BPS OVER NEXT SIX QUARTERS • BORROWING COSTS EXPECTED TO REMAIN STABLE OR DECLINE OVER NEXT 12 MONTHS • UNSECURED LOAN SHARE TARGETED AT 25–26% OF TOTAL AUM FROM CURRENT 21% • GOLD LOAN BRANCH NETWORK TARGETED AT 200 BY MARCH 2027 FROM CURRENT 100 • ₹3,850 CR EQUITY CAPITAL RAISED TO SUPPORT LONG-TERM BUSINESS EXPANSION • PROPOSED INSURANCE COMMISSION RULES COULD REDUCE FY28 ROA BY 18–24 BPS BEFORE MITIGATION • UNSECURED LOAN GROWTH, SMALL-TICKET CREDIT RISK & EMERGING HOUSING LOAN STRESS REMAIN KEY WATCHPOINTS
PIRAMAL FINANCE LIMITED