Piramal Finance Ltd Share Price – NSE  / BSE

Finance, Small Cap

The official announcement was made on Friday, 20 March 2026, after market hours.

Piramal Finance is a retail-led upper layer NBFC with a pan-India presence, having served over 5 million customers across 26 states. In retail lending, the company offers home loans, loans against property, used car loans, personal loans, digital loans and small business loans. In wholesale lending, the company provides asset-backed, data-driven solutions across real estate and select non-real estate sectors.

Piramal Finance has reported a consolidated net profit of Rs 401 crore in Q3 FY26, which is significantly higher as compared with the PAT of Rs 39 crore recorded in Q3 FY25. Total income increased by 29% YoY to Rs 1,480 crore in Q3 FY26.

The counter fell 3.56% to Rs 1,781.50 on the BSE.

Powered by Capital Market - Live News

Piramal Finance will hold a meeting of the Board of Directors of the Company on 27 March 2026.

Powered by Capital Market - Live News

Piramal Finance today announced that CARE Ratings has upgraded its Long-Term Bank Facilities and Debentures rating to 'CARE AA+; Stable' from 'CARE AA; Stable', reflecting the continued strengthening of the company's financial and risk profile.

This is the second domestic rating action at the AA+ level, following CRISIL's assignment of AA+/Stable in January 2026, reinforcing confidence in Piramal Finance's business stability, earnings resilience, and overall credit strength.

Powered by Capital Market - Live News

S&P Global Ratings has upgraded Piramal Finance's long-term issuer credit rating to 'BB' from 'BB-', with a Stable outlook, while affirming its 'B' short-term issuer credit rating. This upgrade marks a significant milestone in Piramal Finance's multi-year transformation into a scaled, diversified, retail-focused lending franchise.

S&P Global Ratings' upgrade reflects its expectation of stronger business stability and earnings resilience at Piramal Finance, driven by the steady run-down of legacy exposures and the transition to a predominantly retail-focused portfolio. Retail loans are projected to account for about 85% of total AUM by FY26. The rating also factors in the company's strong promoter strength, which provides financial flexibility, strategic stability, and sustained support for long-term growth.

Piramal Finance has total outstanding borrowings of approximately Rs 75,000 crore and raised nearly Rs 14,000 crore in External Commercial borrowings (ECBs) across FY 25 and FY 26, underscoring its diversified funding profile. In January 2026, the company secured a 'AA+/Stable' rating from CRISIL, reinforcing confidence in its strengthened credit profile. During the same month, the company secured USD 350 million in multilateral funding from the International Finance Corporation (IFC) and the Asian Development Bank (ADB) under its Sustainable Finance Framework ? its first development finance institution borrowing ? with discussions underway to scale this up to USD 500 million, marking a key step in diversifying its liability base.

Additionally, the company recently raised USD 400 million through an external commercial borrowing facility from a consortium of leading global and domestic lenders - Axis Bank, DBS Bank, Deutsche Bank AG, Far Eastern International Bank and Sumitomo Mitsui Banking Corporation (SMBC) - further strengthening its liability profile and supporting its growth strategy. Classified by the Reserve Bank of India as an Upper Layer NBFC, the company is among the fastest-growing large NBFCs in India, with retail AUM (excluding legacy business) growing at a 40% CAGR over the past four years to approximately Rs 86,000 crore and total AUM of over ₹96,000 crore.

Powered by Capital Market - Live News