Piramal Enterprises (PEL) delivered strong Q1 financial results, with Profit After Tax (PAT) surging 52% YoY to INR 276 Cr.

Total Assets Under Management (AUM) expanded 22% YoY to INR 85,756 Cr, led by a 37% YoY jump in Retail AUM to INR 69,005 Cr.

The strategic shift to growth businesses is evident with a 93:07 Growth-to-Legacy AUM mix.

Quarterly disbursements rose 28% YoY to INR 8,718 Cr, showcasing operational momentum.

The impending PEL-PFL merger by September aims to streamline operations and unlock synergies, enhancing future growth prospects.

Asset quality remains strong.