Here's a summary of Piramal Finance Limited's Q1 FY27 performance: **Business Performance:** Piramal Finance reported a strong Q1 FY27 with total AUM growing 25% YoY to ₹1,06,940 Cr.

Retail AUM was the key driver, surging 32% YoY to ₹91,249 Cr.

This growth was reflected in Profit After Tax (PAT), which jumped 67% YoY to ₹461 Cr.

The growth business's Return on Average AUM (RoAUM) improved to 1.9%, up from 1.5% in Q1 FY26. **Growth Drivers or Strategy:** The company continues to focus on scaling its retail lending business, evident in the significant YoY growth.

Emphasis on efficiency is seen with the retail opex-to-AUM ratio declining to 3.5%. Piramal Finance is also leveraging AI across its operations, with significant increases in AI usage for driving growth, underwriting, and improving customer experience. **Recent Developments:** Piramal Finance launched its AI-powered investor relations agent, Pia, offering round-the-clock assistance for investors. **Key Financial Metrics:** - Total AUM: ₹1,06,940 Cr (+25% YoY) - Retail AUM: ₹91,249 Cr (+32% YoY) - PAT: ₹461 Cr (+67% YoY) - Growth book RoAUM: 1.9% **Management Commentary / Outlook:** The company highlights its rapid retail AUM growth compared to peers and its sustained focus on asset quality, with GNPA at 2.4%. The cost-to-income ratio for the company has improved to 52.5%.