Finance company Piramal Enterprises announced Q1FY26 results Total Assets Under Management (AUM) grew 22% YoY to Rs 85,756 crore. Growth -to-Legacy AUM mix improved to 93:07, vs 34:66 in FY22. Growth AUM grew 38% YoY to Rs 79,430 crore Retail AUM grew by 37% YoY to Rs 69,005 crore and forms 80% of total AUM. Legacy (discontinued) AUM declined 51% YoY to Rs 6,327 crore, down 85% since FY22. Net Interest Margin (NIM) expanded by 10 bps QoQ to 5.9%. Profit After Tax (PAT) up 52% YoY at Rs 276 crore, vs 181 crore in Q1FY25. Profit Before Tax (PBT) at Rs 301 crore, led by Growth business PBT of Rs 295 crore. Growth business PBT-to-AUM* at 1.5%, along with reducing opex-to-AUM and credit cost. GNPA at 2.8% with NNPA ratio at 2.0%. Growth business credit cost declined to 1.4%, vs 1.8% in Q4FY25. Networth of Rs 27,174 crore with strong liquidity of Rs 9,070 crore (9% of total assets) in cash and liquid investments. Ajay Piramal, Chairman, Piramal Enterprises, said, “FY26 has commenced on a strong note with profitable growth and disciplined execution. Our diversified lending model continues to scale efficiently – driven by robust asset quality, improved operating leverage, and deeper integration of technology and AI across platforms. The impending merger of our lending entities will further streamline operations, unlock synergies, and sharpen our strategic focus. We also have meaningful embedded value in our balance sheet - through Shriram investments, AIF recoveries and deferred transaction proceeds – and remain focused on timely, value-accretive monetisation of these assets. With a strong foundation, clear strategic priorities, and continued operational momentum, we are well positioned to drive sustainable growth and long-term value creation as a future-ready financial services institution.” Result PDF