Close up photo of wooden block stacked in the shape of growing graph on green background. istock photo for BL
| Photo Credit:
miniseries
Non-banking finance company (NBFC) Piramal Finance on Friday reported its Q3FY26 net profit at ₹401 crore in Q3FY26, sharply higher than ₹39 crore in Q3FY25, led by robust growth in net interest income (NII).
`NII grew 31 per cent year-on-year (y-o-y) to ₹1,227 crore in Q3. Assets under management (AUM), meanwhile, grew 23 per cent year-on-year to ₹96,690 crore. Net interest margin expanded by 51 basis points (bps) y-o-y to 6.3 per cent during the quarter. Asset quality remained largely flat sequentially, with gross NPA ratio standing at 2.6 per cent and net NPA ratio at 1.9 per cent in Q3.
Expansion plans
The NBFC said it plans to further scale its retail franchise, with a focus on expanding its physical network. Piramal Finance intends to add around 100 branches over the next year, spread across gold loan branches, microfinance outlets and full-coverage branches offering multiple retail products.
As part of this expansion, the NBFC plans to foray into gold loans from the next quarter, marking its entry into another secured retail lending segment. The move is aimed at deepening its presence in semi-urban and rural markets while diversifying its retail product mix.
Published on January 23, 2026
