Piramal Finance Ltd reported a 67% year-on-year jump in consolidated net profit for the first quarter of fiscal 2027, reaching ₹461 crore for the period ended June 30.
The lender’s board simultaneously approved a ₹4,000 crore fundraise, signaling aggressive plans to expand its balance sheet despite a challenging macroeconomic backdrop.
The profit surge was underpinned by improved profitability metrics, with the net interest margin (NIM) rising to 6.50% from 6.03% in the same quarter last year.
This expansion in margins suggests the company is successfully managing its asset-liability mix and pricing power, even as broader credit conditions tighten.
The combination of higher earnings and a cleared capital raise provides Piramal Finance with the liquidity needed to pursue growth opportunities in its core lending segments.
The move comes as other Indian lenders also report strong starts to the fiscal year.