Piramal Finance reported ₹11,852.49 crore turnover and ₹23,728.33 crore net worth for FY 2025-26, its first year as a merged entity. The company also saw improvements in its ESG ratings and raised USD 350 million via social loans.

Piramal Finance FY 2025-26: Post-Merger Performance and ESG Focus

Piramal Finance's turnover reached ₹11,852.49 crore for the fiscal year 2025-26, with a net worth of ₹23,728.33 crore. The figures represent the merged entity following the integration of Piramal Enterprises Limited into Piramal Finance Limited, effective September 16, 2025.

What just happened

The company's Business Responsibility and Sustainability Report (BRSR) for FY 2025-26 details its performance post-merger. Key financial metrics include a turnover of ₹11,852.49 crore and a net worth of ₹23,728.33 crore as of March 31, 2026. The report also highlights improvements in environmental, social, and governance (ESG) performance, with a total of 16,981 employees.

Why this matters

This report provides investors with the first look at Piramal Finance's financials and sustainability efforts as a consolidated entity. The focus on ESG integration, sustainable fundraising, and technological advancements signals a strategic direction that could influence long-term value creation.

Reader Takeaway: Sustainable fundraising and ESG gains are positives; human capital and compliance risks need monitoring.

The backstory

Piramal Finance completed the merger of Piramal Enterprises Limited into itself on September 16, 2025. This consolidation aimed to create a larger, more integrated financial services entity.

What changes now

The FY 2025-26 data is based on the merged company's operations. Piramal Finance has also secured USD 350 million in social loans, comprising USD 200 million from the International Finance Corporation (IFC) and USD 150 million from the Asian Development Bank (ADB), to support ESG-aligned projects.

Risks to watch

The company identified human capital risk due to challenges in attracting and retaining skilled employees. Corporate compliance risk, concerning adherence to regulatory requirements, is also noted, with the company emphasizing its governance framework.

Peer comparison

While specific peer data isn't provided in the filing, Piramal Finance's reported ESG scores are: S&P Global CSA Score at 31, CRISIL ESG Rating at 63, and NSE Sustainability Rating at 68. Investors can compare these against other NBFCs and financial services companies.

Context metrics (time-bound)

As of March 31, 2026:

• Turnover (FY 2025-26): ₹11,852.49 crore
• Net Worth (FY 2025-26): ₹23,728.33 crore
• Total Employees: 16,981
• Lost Time Injury Frequency Rate: 0.03

What to track next

Investors should monitor the company's progress in its affordable housing and green real estate portfolios, particularly in Tier 2 and Tier 3 markets. Continued improvement in ESG ratings and the successful deployment of the raised social loan funds will also be key.