Press Release

16th July 2026 BSE Limited National Stock Exchange of India Limited 1st Floor, New Trading Wing, Exchange Plaza, 5th Floor, Rotunda Building, P.J. Towers, Plot No. C/1, G-Block, Dalal Street, Fort, Bandra Kurla Complex, Bandra (East), Mumbai- 400 001 Mumbai – 400 051 BSE Scrip Code: 544597 NSE Symbol: PIRAMALFIN Sub.: Press Release – Unaudited Financial Results (Standalone & Consolidated) for the quarter ended 30th June 2026 Dear Sir / Madam, Further to our intimation made earlier with regard to Unaudited Financial Results (Standalone & Consolidated) of the Company for the quarter ended 30th June 2026 (‘Financial Results’), please find enclosed herewith the Press Release on the Financial Results. The above information is also available on the website of the Company at www.piramalfinance.com. Request you to please take the above on record. Thanking you. Yours faithfully, For Piramal Finance Limited (Formerly known as Piramal Capital & Housing Finance Limited) Bipin Singh Company Secretary Encl.: As above PRESS RELEASE Piramal Finance reports PAT of ₹ 461 crore in Q1 FY2027, up 67% YoY The Board approves a fund raise for up to ₹ 4,000 crore Mumbai, India | July 16, 2026: Piramal Finance Limited (‘Piramal Fin’), one of India’s leading Non-Banking Financial Companies (NBFCs), reported Profit After Tax (PAT) of ₹ 461 Cr, up 67% Year-on-Year (YoY), for the first quarter ended June 30, 2026. Assets Under Management (AUM) increased 25% YoY to ₹ 1,06,940 Cr, driven by 32% YoY increase in Growth AUM, which exclude the discontinued legacy business. Retail disbursements rose 44% YoY to ₹ 12,527 Cr, reflecting strong customer demand and sustained business momentum. The company's nationwide footprint expanded to 780 branches across 607 cities in 26 states, while its customer franchise grew 24% YoY to 6 million, further strengthening its presence across India. The Board has today approved a fund raise of up to ₹ 4,000 Cr, which the Company would plan to raise at an appropriate time post shareholder approval. Speaking on the performance, Anand Piramal, Chairman, Piramal Finance Limited, said, “Our performance in the first quarter reflects the strength of the franchise we have built over the past few years. While Piramal Finance is the youngest among India's Upper Layer NBFCs, we have already established a diversified retail franchise serving nearly six million customers across Bharat by combining the reach of our physical network with technology and AI embedded across every aspect of our operations. We believe the agility of a young institution, coupled with meaningful scale, a diversified portfolio and balance sheet strength, creates a distinctive platform for sustained growth and continued profitability expansion. The encouraging start to FY27 reinforces our confidence in delivering the guidance on AUM growth, PAT growth and RoAUM that we shared at the beginning of the year. As we continue to grow, our focus remains on building a trusted financial institution that delivers long-term value for customers, employees and stakeholders.” Consolidated Highlights ▪ AUM up 25% YoY to ₹ 1,06,940 Cr. o Retail AUM up 32% YoY at ₹ 91,249 Cr. o Wholesale AUM up 27% YoY at ₹ 13,238 Cr. ▪ PAT up 67% YoY at ₹ 461 Cr. o Net Income Margin expanded by 47 bps YoY to 6.5% and stable QoQ. o Cost of Borrowing stable QoQ at 8.8%. o Cost-to-Income stood at 52.5% in Q1 FY27, vs 65.6% in Q1 FY26. ▪ Growth business RoAUM* improved to 1.9% in Q1 FY27, vs 1.5% in Q1 FY26. o Growth business Opex to AUM* declined to 3.3% in Q1 FY27, vs 3.9% in Q1 FY26. o Growth business Credit Cost stable at 1.6%. o Growth business Profit Before Tax* of ₹ 470 Cr. ▪ Asset quality remained stable, with GNPA at 2.4% and NNPA at 1.6%. ▪ Networth at ₹ 28,906 Cr with strong liquidity. o Cash & equivalents of ₹ 6,925 Cr (6% of assets) o AUM-to-Equity at 3.7x and Average LCR of 553%. ▪ The Company has been assigned an issuer rating of BBB, Stable from Japanese credit rating agencies, Rating and Investment Information, Inc. and Japan Credit Rating Agency, Ltd. o This is one notch below the sovereign rating. Business Highlights Growth Retail Lending ▪ AUM o Retail AUM grew 32% YoY to ₹ 91,249 Cr, now 85% of Total AUM. o Retail AUM growth remained well diversified across product categories, ranging from 18% to 67% YoY. o Mortgage2 AUM grew 30% YoY to ₹ 61,199 Cr, forming 67% of Retail AUM and 57% of Total AUM. o Q1 FY26 Disbursements grew 44% YoY to ₹ 12,527 Cr. ▪ Scale and Reach o 780 branches across 607 cities in 26 states. o Customer franchise expanded 24% YoY to 6.0 mn. Wholesale Lending ▪ Wholesale 2.0 AUM grew 27% YoY to ₹ 13,238 Cr. ▪ Q1 FY27 Disbursements grew 13% YoY to ₹ 2,604 Cr. ▪ Repayments (including pre-payments) of ₹ 1,932 Cr received during Q1 FY27. Profitability ▪ Retail disbursement yields remained stable at 14.2%. ▪ Wholesale Effective Interest Rate (EIR) at 14.2% with an average ticket size of ₹ 56 Cr. ▪ Retail Opex-to-AUM declined 66 bps YoY to 3.5%, a ~300 bps reduction in 3 years. Asset Quality ▪ Retail 90+ DPD3 stood at 0.7%. ▪ Wholesale repayments at 74% of disbursements in Q1 FY27, reflecting strong portfolio performance. Liabilities ▪ Average borrowing cost down 33 bps YoY to 8.80%. ▪ Continued diversification of borrowing mix across mutual funds, securitization and international borrowings. ▪ ALM remains well-matched with positive gaps across all buckets. Piramal.ai – Delivering measurable impact at scale GenAI adoption at Piramal Finance has scaled sharply, with total token usage rising more than 5x YoY to 320bn tokens in Q1 FY27, from 63bn in Q1 FY26. AI is now embedded across underwriting, collections, customer service, compliance and hiring - marking a clear transition from pilot initiatives to core operations. Underwriting and risk outcomes have strengthened materially. AI analysed ~2.30 lakh bank statements in Q1 FY27, up from ~70,000 in Q1 FY26, enabling faster and more consistent credit decisions. AI agents also flagged over 18 lakh fraud cases in Q1 FY27, compared to ~9.5 lakh in Q1FY26 — expanding detection capacity without slowing business momentum. Collections efficiency has scaled sharply. AI-driven, hands-free monthly collections increased nearly 12x to ₹ 1,019 Cr per month in Q1 FY27, from ₹ 84 Cr in Q1 FY26. Customer complaints have declined nearly 90% over the last 3 years, improving from ~2.8 to ~0.3 per 1,000 customers. Customer engagement is increasing AI-led, with AI managing a growing share of day-to-day interactions. Live voice and chat bots expanded to 44 in Q1 FY27 from 6 in Q1 FY26. AI now resolves ~43% of inbound customer emails, Voice AI completes ~11% of welcome calls and bots contribute ~32% of total customer onboardings. AI deployment is also delivering operating leverage. Disbursement per branch increased 23% YoY, while disbursement per employee increased 16% YoY, enhancing productivity. In addition, 57% of overall code is now written by AI, reflecting deeper integration into engineering productivity. This scale-up has been achieved without linear expansion in manpower. AI adoption has extended to hiring, with over 4,366 RMs interviewed using AI in Q1 FY27, helping compress hiring timelines and support frontline scale-up. Overall, Piramal.ai reflects the Company’s strategy of embedding AI into core operations — driving measurable gains in productivity, underwriting quality, fraud detection, collections efficiency and customer outcomes. Consolidated Income Statement (In ₹ Cr, unless specified) Particulars Q1 FY27 Q1 FY26 YoY % Q4 FY26 QoQ % Interest income3 3,179 2,504 27% 3,038 5% Less: Interest expense 1,736 1,494 16% 1,676 4% Net interest income 1,442 1,010 43% 1,362 6% Fee & commission 127 114 11% 75 70% Dividend 18 15 23% 16 14% Others 106 98 8% 103 2% Other income 251 227 10% 194 29% Total income 1,693 1,237 37% 1,556 9% Less: Operating expenses 889 812 10% 862 3% Pre-provision operating profit (PPOP) 804 425 89% 694 16% Less: Loan loss provisions & FV [Showing first 8,000 characters — download PDF for full document]