Finance company Piramal Enterprises announced Q2FY25 results Total Assets Under Management (AUM) grew 12% YoY to Rs 74,692 crore, led by our Growth business. Growth to Legacy AUM mix has improved to 84:16 from 34:66 in FY22. Growth AUM grew 45% YoY to Rs 62,626 crore. Legacy (discontinued) AUM down 49% YoY to Rs 12,066 crore, down 72% since FY22. Opex-to-AUM of Growth business down 80bps YoY to 4.5% now. Consolidated GNPA at 3.1% with NNPA ratio at 1.5%. Reported a consolidated Profit After Tax (PAT) of Rs 163 crore. Net worth of Rs 26,930 crore with capital adequacy ratio at 23.3% on consolidated balance sheet. Ajay Piramal, Chairman, Piramal Enterprises said: “As we reflect on Q2 FY25, I am pleased with the strong momentum in our Growth business, which has significantly boosted AUM and profitability. Our strategic focus on growth along with controlled risk and operating leverage continues to yield strong results. We have made strides in digital enhancement, borrowing diversification, and ensuring robust asset quality. We are on track to reduce legacy discontinued AUM to below 10% of total AUM by March 2025, with ongoing recovery efforts strengthening our financial position. In October 2024, we raised an additional USD150 million through a Sustainability Bond, which was oversubscribed 3.5 times, reflecting strong investor confidence in our vision for sustainable growth. Looking ahead, we remain committed to innovation and operational efficiency as we continue delivering a diverse range of financial solutions to our customers. I extend my sincere gratitude to our stakeholders for their continued support. We are focused on the steadfast execution of our identified strategy. This should position us well to build a resilient organisation for a long-term success.” Result PDF