What is the story about?
Piramal Finance's recent financial performance has been impressive. The non-bank lender's net profit for the December quarter soared, indicating robust growth. This article examines the figures in detail, providing a comprehensive view of the company's financial health and highlighting the elements that contributed to its positive results.
Profitability Soars
Piramal Finance demonstrated remarkable financial performance, as evidenced by a substantial surge in net profit. This boost in profitability showcases
the effectiveness of the company's strategies in a competitive market.
Core Income Growth
Piramal Finance witnessed significant growth in its core net interest income, which increased by 31% to ₹1,227 crore, demonstrating the health of its core business.
Future Aspirations
Piramal Finance is aiming to enhance its return on assets under management (AUM) to 3 percent and intends to expand net interest margins (NIMs) by 0.30 percent to achieve its goals.
