Credit Services
Piramal Finance Limited (NSE: Piramalfin) Reports 67% Yoy Profit Surge in Q1 Fy2027
Piramal Finance Limited (NSE: PIRAMALFIN) reports a 67% YoY profit surge in Q1 FY2027, with assets under management up 25%.
Piramal Finance Limited (NSE: PIRAMALFIN), one of India’s leading Non-Banking Financial Companies (NBFCs), reported a Profit After Tax (PAT) of ₹ 461 Cr, up 67% Year-on-Year (YoY), for the first quarter ended June 30, 2026. This impressive performance is driven by a 25% YoY increase in Assets Under Management (AUM) to ₹ 1,06,940 Cr, with retail disbursements rising 44% YoY to ₹ 12,527 Cr. 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.
Financial Highlights
The financial performance of Piramal Finance is highlighted by the following metrics:
AUM up 25% YoY to ₹ 1,06,940 Cr, with retail AUM up 32% YoY at ₹ 91,249 Cr and wholesale AUM up 27% YoY at ₹ 13,238 Cr.
PAT up 67% YoY at ₹ 461 Cr, with net income margin expanded by 47 bps YoY to 6.5% and stable QoQ.
Cost of Borrowing stable QoQ at 8.8% and cost-to-income stood at 52.5% in Q1 FY27, vs 65.6% in Q1 FY26.
Growth and Expansion
Piramal Finance’s growth business RoAUM* improved to 1.9% in Q1 FY27, vs 1.5% in Q1 FY26. The company’s asset quality remained stable, with GNPA at 2.4% and NNPA at 1.6%. The net worth stood at ₹ 28,906 Cr with strong liquidity, including cash & equivalents of ₹ 6,925 Cr (6% of assets).
Strategic Initiatives
The board has approved a fund raise of up to ₹ 4,000 Cr, which the company plans to raise 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. The encouraging start to FY 27 reinforces our confidence in delivering the guidance on AUM growth, PAT growth and RoAUM that we shared at the beginning of the year.”
Piramal.ai 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.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of Piramal Finance Limited
Piramal Finance Limited belongs to the Financial Services › Credit Services sector. Here’s a quick read on where the business and the stock stand today.
Piramal gains 27.6% over three months and trades near its 52-week highs. Industry-leading margins of 28.9% reflect exceptional pricing power and operational efficiency. Revenue consistency is the one bright spot — zero dips in five years shows operational resilience. Buyers show up with 1.6x the volume of sellers. Moreover, they dominated on 16 of recent sessions versus 14 for sellers — a healthy accumulation pattern. The stock rises 27.6% in three months on 16.9% revenue growth. As a result, the market gives it more credit than the fundamentals strictly justify. Watch the next quarterly results. If growth accelerates, the move makes sense. If not, expect some gains to unwind. Check Fundamentals of Piramal Finance Limited.
Credit Services
L&t Finance Limited (LTF) Records Highest Ever PAT of Rs. 975 Crore for Q2fy27
L&T Finance Limited (LTF) announced a record consolidated PAT of Rs. 975 crore for Q2FY27, up 33% YoY, with a 28% YoY growth in consolidated book.
L&T Finance Limited (LTF) announced its financial results for the second quarter ended September 30, 2026, marking a record consolidated Profit After Tax (PAT) of Rs. 975 crore for Q2FY27, up 33% year-on-year (YoY). The company also achieved its highest ever consolidated book of Rs. 1,36,635 crore, up 28% YoY. The robust Q2FY27 retail disbursements at Rs. 24,027 crore reflect continued business momentum.
Record Financial Performance
The company’s strong performance is underscored by its highest ever consolidated PAT, demonstrating a resilient business model and disciplined execution. The consolidated book growth of 28% YoY and retail disbursements growth of 27% YoY highlight the company’s focus on profitable, risk-calibrated growth.
Technological Advancements
Accelerating its technology deployment, LTF is evolving into an AI-native lender. The company’s PLANET app reinforced its status as a core digital engine, surpassing 2.7 crore downloads and servicing 94% of total service requests. The app’s dedicated rural interface with multilingual capabilities further strengthened its rural reach.
Future Outlook
As LTF progresses on its Lakshya 2031 journey, the company remains focused on strengthening its granular distribution channels, expanding its branch footprint, and enhancing its digital acquisition capabilities. Investments in artificial intelligence are expected to drive greater operational efficiency and build a more agile, scalable, and resilient organization.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of L&T Finance Limited
L&T Finance Limited belongs to the Financial Services › Credit Services sector. Here’s a quick read on where the business and the stock stand today.
L&T falls 15.5% over three months and has not found a floor yet. D/E reaches 3.60. High leverage in this environment is a material risk the market cannot ignore. Industry-leading margins of 33.1% reflect exceptional pricing power and operational efficiency. Sellers drive 1.5x the volume of buyers. Furthermore, they controlled 17 of recent sessions versus 13 for buyers — a clear distribution signal. The business compounds at 17.7% revenue and 22.5% profit CAGR, with D/E of 3.60. Yet the stock drops 15.5% in three months. The business does not deteriorate — the stock does. That gap is what long-term investors look for. Check Fundamentals of L&T Finance Limited.
Credit Services
Iifl Finance Limited (iifl) Q2fy27: PAT at ₹805 Cr, Up 13% Qoq; AUM Crosses ₹1.24 Lakh Cr
IIFL Finance Limited (NSE: IIFL) announced Q2FY27 results with PAT up 93% YoY at ₹805 Cr, AUM crossing ₹1.24 lakh Cr.
IIFL Finance Limited (NSE: IIFL), a leading retail-focused NBFC, announced its financial results for the quarter ended September 30, 2026, showcasing strong growth and robust profitability. The company reported a Profit After Tax (PAT) of ₹805.0 Cr, marking a 93% year-on-year growth, driven by its secured lending strategy and improved operating efficiency.
Performance Overview
IIFL Finance delivered a robust quarter with consistent growth across its core businesses. Total income rose 23% year-on-year to ₹2,339.6 crore, while pre-provision operating profit increased 31% YoY to ₹1,355.1 crore. Profit before tax rose 93% YoY to ₹1,073.7 crore, supported by operating leverage and lower loan losses and provisions.
Key Highlights
Consolidated Assets Under Management (AUM) grew to ₹1,24,268 Cr, up 8% quarter-on-quarter and 38% year-on-year. The Return on Equity (ROE) stood at 20.1% (annualized for H1FY27), reflecting strong gold and mortgage franchises, lower credit costs, and improved operating efficiency. The company also completed a ₹25 crore tokenised bond transaction, becoming the first Non-PSU NBFC in India to undertake such a transaction.
The company continues to focus on its strategy of ‘Resilient, Capital-Efficient Growth’ anchored on secured lending focus, expansion in underserved MSME and Bharat segments, AI-led operating model, and branch-led distribution with hyperlocal sourcing.
As the company enters the rest of FY27, it remains well-positioned to fund growth while maintaining balance-sheet resilience and capital discipline.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of IIFL Finance Limited
IIFL Finance Limited belongs to the Financial Services › Credit Services sector. Here’s a quick read on where the business and the stock stand today.
IIFL posts a 4.9% three-month gain, but softens in the last few weeks. The PEG reaches 3.62, hard to justify given the growth. The market prices in a turnaround that has not arrived. D/E reaches 3.69. High leverage in this environment is a material risk the market cannot ignore. The stock gives back 1.0% in the last month despite a positive three-month run. As a result, the earlier momentum appears to be fading. Revenue grows at 13.6% CAGR and the PEG stands at 3.62. The growth does not match the price the market asks. Furthermore, flat price action adds no technical catalyst. A lower price or faster revenue growth would improve the odds. Check Fundamentals of IIFL Finance Limited.
Credit Services
Fedbank Financial Services Limited (fedfina) Q2 FY27: PAT Up 63.1% Yoy
Fedbank Financial Services Limited (FEDFINA) reports a 63.1% YoY increase in PAT for Q2 FY27, with strong growth in net interest income and operating profit.
Fedbank Financial Services Limited (FEDFINA) has announced its financial results for the second quarter of FY27, showcasing a robust performance with a 63.1% year-on-year increase in Profit After Tax (PAT). The company, a leading retail-focused NBFC specializing in Loan Against Property and Gold Loans, reported a PAT of ₹130.8 Cr for Q2 FY27, up from ₹80.2 Cr in the same quarter last year. This impressive growth is supported by a 37.4% YoY increase in net interest income to ₹403.7 Cr and a 47.5% YoY rise in operating profit to ₹205.1 Cr.
Financial Highlights
FEDFINA’s Asset Under Management (AUM) increased by 36.6% YoY to ₹22,035 Cr in Q2 FY27, while disbursements grew by 28.3% YoY to ₹6,676 Cr. The company’s net interest income grew by 38.3% YoY to ₹404.8 Cr, and the return on average equity (ROE) stood at 17.0%, reflecting strong financial health.
Operational Growth
The company’s operational efficiency is evident with a 9.8% QoQ increase in branches, bringing the total to 831 across 18 states and union territories. The employee count also rose by 10.1% QoQ to 5,920, highlighting FEDFINA’s expansion and commitment to its workforce.
As FEDFINA continues to empower emerging India with easy access to loans, its strong financial and operational performance underscores its leadership in the NBFC sector. Looking ahead, the company remains focused on delivering sustainable growth and value to its stakeholders.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of Fedbank Financial Services Limited
Fedbank Financial Services Limited belongs to the Financial Services › Credit Services sector. Here’s a quick read on where the business and the stock stand today.
Fedbank gains 15.6% over three months and trades near its 52-week highs. The PEG of 0.75 signals undervaluation relative to growth. It is a potential re-rating candidate. D/E reaches 4.10. High leverage in this environment is a material risk the market cannot ignore. The stock trades at 75% of its 52-week range — near its best levels of the year. Clearly, the market pays a premium for this name. Both the business and the stock move in the right direction. Revenue grows at 24.2%, profits at 24.0%, and the PEG sits at 0.75 — below its growth rate. That combination is rare. Check Fundamentals of Fedbank Financial Services Limited.
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