Mumbai, January 28, 2025 – Piramal Enterprises Limited (NSE: PEL, BSE: 500302) has presented its latest Debt Investor Presentation, highlighting strong retail loan growth, improved asset quality, and continued focus on liabilities management. The company also provided an update on its upcoming merger with Piramal Capital & Housing Finance Limited (PCHFL).
Key Highlights from Debt Investor Presentation
1. Strong Growth in Retail Lending
- Retail AUM: ₹59,093 crore, marking a 37% YoY growth.
- Retail Loan Disbursements: Up 9% YoY, despite a slowdown in unsecured lending.
- Key Retail Segments:
- Housing Loans: ₹25,287 crore (up 25% YoY).
- Loan Against Property (LAP): ₹14,740 crore (up 49% YoY).
- Used Car Loans: ₹3,530 crore (up 60% YoY).
- Business Loans: ₹5,271 crore (down 16% YoY).
2. Reduction in Legacy AUM
- Legacy Loan Book: ₹10,353 crore, down 45% YoY.
- Target: Reduce legacy AUM to below 10% of total AUM in FY25 and below 5% in FY26.
3. Wholesale Lending Expansion
- Wholesale 2.0 AUM: ₹8,916 crore, up 60% YoY.
- Prepayments Received: ₹732 crore in Q3 FY25.
- Sector Diversification:
- Real Estate: 65% of portfolio.
- Mid-Market Loans (CMML): 14%.
- Renewable Energy & Other Sectors: 21%.
4. Profitability & Liabilities Management
- Net Interest Margin (NIM): 7.1% in Q3 FY25.
- Yield on Loans: 14.2%, stable QoQ.
- Borrowing Cost: 9.2%, gradually increasing due to rising interest rates.
- Cash Reserves: ₹8,277 crore as of December 2024, ensuring strong liquidity coverage.
5. Merger with PCHFL on Track
- Merger Expected Completion: Q2 FY26 (September 2025).
- Regulatory Approvals in Process: RBI, SEBI, NCLT.
- Listing of New Entity: Piramal Finance Limited post-merger.