Latest news with #PiramalFinance
Time of India
14-07-2025
- Business
- Time of India
Elan group raises Rs 250 crore from Piramal Finance
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Gurgaon-based developer Elan Group has raised Rs 250 crore from Piramal Finance for the construction of a commercial project in the city, two people aware of the development construction finance follows Rs 1,200 crorefunding from Kotak Real Estate Fund last year. The company plans to use the funds to fast-track its projects in the 2022, Elan Group had raised $110 million (Rs 900 crore) from global alternative investment firm PAG.'The funding has been raised for a commercial project spread over a million sq ft in Gurgaon ,' said one of the persons cited Group declined to comment. Transaction advisor CBRE could not be contacted for Elan Group had awarded two construction contracts worth Rs 2,000 crore to Leighton Asia for its luxury residential project, Elan The Presidential, in Sector 106, Dwarka Expressway, and its new luxury commercial project, Elan Imperial, in Sector 82, Group's portfolio consists of 15 projects in the residential, retail, commercial and hospitality segments. These projects, spread across Gurgaon and New Delhi, collectively offer about 25 million sq ft of built-up 2022, the group ventured into the luxury residential segment with the launch of Elan The equity investment inflows into the Indian real estate sector reached $2.4 billion (Rs 20,000 crore) in H1 2025, marking a 38% year-on-year increase, according to Savills India, a global real estate consulting firm.
Economic Times
30-06-2025
- Business
- Economic Times
Piramal Enterprises expects asset under management to cross Rs 1 lakh cr in FY26
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel New Delhi, Piramal Enterprises Chairman Ajay Piramal on Monday said the asset under management (AUM) of the NBFC firm is expected to cross Rs 1 lakh crore during the current financial year on the back of strong consolidated AUM grew by 17 per cent to Rs 80,689 crore, exceeding the stated target of 15 per cent growth during FY25, Piramal said while addressing shareholders at the Annual General Meeting (AGM)."With strong performance across our retail and wholesale businesses in FY2025, we are now well positioned to build upon the platform and leverage the investments that have been made. As our three-year transformation journey nears completion, we look ahead with optimism," he FY2026, he said, "we expect to further build on the momentum, growing our total AUM by about 25 per cent to exceed Rs 1 lakh crore, with growth AUM projected to rise about 30 per cent. Retail lending is expected to contribute 80-85 per cent of total AUM."During the 2024-25, Piramal Capital & Housing Finance Ltd was renamed Piramal Finance Ltd. and converted from an NBFC-Housing Finance Company (HFC) to an NBFC-Investment and Credit Company (ICC).Piramal Finance is classified as an upper-layer NBFC and ranks among the top 10 private-sector NBFCs in India."We have received RBI approval for the merger of Piramal Enterprises and Piramal Finance. The NCLT process is underway and expected to conclude by around September 2025," he FY25, the NBFC had undertaken global borrowings programme, with a total raise of USD 815 million. Of this, USD 550 million was secured through social loans and sustainability-linked bonds. External Commercial Borrowings (ECBs) now constitute 10 per cent of total borrowings, he further said, "Our growth business profits, coupled with monetisation of embedded value, are expected to drive robust earnings in FY2026. We currently estimate consolidated PAT of over Rs 1,300 crore in FY2026, up from Rs 485 crore in FY2025." PTI DP HVA
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Business Standard
30-06-2025
- Business
- Business Standard
Piramal Enterprises sees asset under management crossing ₹1 trn in FY26
Piramal Enterprises Chairman Ajay Piramal on Monday said the asset under management (AUM) of the NBFC firm is expected to cross Rs 1 trillion during the current financial year on the back of strong performance. The consolidated AUM grew by 17 per cent to Rs 80,689 crore, exceeding the stated target of 15 per cent growth during FY25, Piramal said while addressing shareholders at the Annual General Meeting (AGM). "With strong performance across our retail and wholesale businesses in FY2025, we are now well positioned to build upon the platform and leverage the investments that have been made. As our three-year transformation journey nears completion, we look ahead with optimism," he said. In FY2026, he said, "we expect to further build on the momentum, growing our total AUM by about 25 per cent to exceed Rs 1 trillion, with growth AUM projected to rise about 30 per cent. Retail lending is expected to contribute 8085 per cent of total AUM." During the 2024-25, Piramal Capital & Housing Finance Ltd was renamed Piramal Finance Ltd. and converted from an NBFC-Housing Finance Company (HFC) to an NBFC-Investment and Credit Company (ICC). Piramal Finance is classified as an upper-layer NBFC and ranks among the top 10 private-sector NBFCs in India. "We have received RBI approval for the merger of Piramal Enterprises and Piramal Finance. The NCLT process is underway and expected to conclude by around September 2025," he said. During FY25, the NBFC had undertaken global borrowings programme, with a total raise of USD 815 million. Of this, USD 550 million was secured through social loans and sustainability-linked bonds. External Commercial Borrowings (ECBs) now constitute 10 per cent of total borrowings, he said. He further said, "Our growth business profits, coupled with monetisation of embedded value, are expected to drive robust earnings in FY2026. We currently estimate consolidated PAT of over Rs 1,300 crore in FY2026, up from Rs 485 crore in FY2025. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Business Standard
30-06-2025
- Business
- Business Standard
Piramal Ent invests Rs 700-cr in Piramal Finance
Piramal Enterprises announced that it has invested Rs 700 crore in its wholly owned subsidiary, Piramal Finance (PFL) by way of subscription to rights issue. PFL, an existing wholly owned subsidiary of the company, reported a turnover of Rs 8.17 lakh in FY25. The funds raised through this investment will be utilized by PFL for business and general corporate purposes. There has been no change in the companys shareholding percentage in PFL following the said investment. Piramal Enterprises (PEL) is a leading diversified NBFC in India, with prominent presence across retail and wholesale lending, alternatives and insurance. The companys consolidated net profit declined 25.3% to Rs 102.44 crore on 22.8% fall in net sales to Rs 3,122.85 crore in Q4 FY25 over Q4 FY24. The counter shed 0.30% to settle at Rs 1,147.75 on the BSE.
Business Standard
07-05-2025
- Business
- Business Standard
Piramal Finance reports standalone net profit of Rs 81.60 crore in the March 2025 quarter
Sales rise 16.70% to Rs 1987.21 crore Net profit of Piramal Finance reported to Rs 81.60 crore in the quarter ended March 2025 as against net loss of Rs 741.93 crore during the previous quarter ended March 2024. Sales rose 16.70% to Rs 1987.21 crore in the quarter ended March 2025 as against Rs 1702.87 crore during the previous quarter ended March 2024. For the full year,net profit reported to Rs 52.45 crore in the year ended March 2025 as against net loss of Rs 1911.35 crore during the previous year ended March 2024. Sales rose 13.31% to Rs 7287.03 crore in the year ended March 2025 as against Rs 6431.04 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 1987.211702.87 17 7287.036431.04 13 OPM % 60.23-61.77 - 60.7928.81 - PBDT 131.22-2003.11 LP 245.40-1736.01 LP PBT 81.60-2048.94 LP 52.45-1891.12 LP NP 81.60-741.93 LP 52.45-1911.35 LP
