PIRAMALFIN Q2 FY27 Guidance vs Delivery (PIRAMALFIN Management Mirror)

FY27 AUM Growth Target Reaffirmed at 25% Following Sep'26 Qtr Delivery of 24% YoY Expansion

Piramal Finance Ltd reported total AUM of INR 1,13,112 crores in Sep'26 Qtr, reflecting a 24% YoY increase. Against the initial approximately 25% FY27 AUM growth guidance issued in the Mar'26 Qtr concall and reaffirmed in Jun'26 Qtr, management reaffirmed the 25% target as current performance tracks closely to the projected rate. Looking ahead, management expects to double AUM every three years, targeting an aspiration of INR 1.5 lakh crores by FY28, while explicitly guiding the unsecured loan mix to expand toward 25% to 26% of total AUM over the coming years.