Piramal Finance Q2 profit rises as revenue climbs to ₹3,659 crore
In short
Piramal Finance reported better Q2 results. Revenue from operations rose to ₹3,659 crore, net interest income reached ₹1,530 crore, AUM crossed ₹1.13 lakh crore, and it raised ₹3,850 crore through a qualified institutional placement and preferential warrants.
This matters for the lender because it shows stronger business scale and new capital. The reporting does not give the exact profit figure in the source snippets here.
What the reporting says
Piramal Finance reported stronger quarterly results, with revenue from operations rising to ₹3,659 crore and net interest income increasing to ₹1,530 crore. The lender also said assets under management crossed ₹1.13 lakh crore and that it raised ₹3,850 crore through a qualified institutional placement and preferential warrants. The reporting also notes a 24% AUM rise and a 35 basis point expansion in net interest margin, but the exact net profit figure is not given here.
Why it matters
Piramal Finance reported quarterly gains, including revenue from operations of ₹3,659 crore and net interest income of ₹1,530 crore. The lender said assets under management crossed ₹1.13 lakh crore, with retail AUM up 30% and overall AUM up 24% in the reporting. It also raised ₹3,850 crore through a QIP and preferential warrants, which may support growth, but the exact net profit figure is not provided in the source snippets here.