Piramal Finance raised ₹3,850 Cr equity capital, including ₹2,100 Cr from a QIP with institutional investors and a proposed ₹1,750 Cr promoter warrant allotment. This strengthens the balance sheet, providing capacity for retail-led growth.
Piramal Finance reported its Q1 results, with net profit of ₹439.9 Cr. The company's total assets stood at ₹1,06,543.64 Cr.
Piramal Finance received a 'Strong' ESG rating from CRISIL, reflecting robust environmental, social, and governance practices. This independent assessment highlights the company's commitment to sustainability.
Piramal Finance reported ₹461 Cr PAT, up 67% YoY. Board approved fund raise of up to ₹4,000 Cr. Retail AUM grew 32% YoY to ₹91,249 Cr, with disbursements up 44%. AI adoption significantly boosted operations.
Piramal Finance will hold its 42nd AGM virtually, informing members and debenture holders about the Integrated Annual Report availability online. Procedures are outlined for physical share claimants.
