Shares of Piramal Finance jumped nearly 4% on Wednesday to hit day’s high of Rs 2,018 on the NSE after the company reported a 67% year-on-year increase in its Q2 profit to Rs 545 crore, compared with Rs 327 crore in the year-ago period. Net interest income (NII) rose 35% YoY to Rs 1,530 crore, from Rs 1,132 in the same quarter last year.
According to a filing with the exchange, the profit after tax in H1 FY2027 stands at Rs 1,006 crore. Assets Under Management (AUM) increased 24% yoy to Rs 1.13 lakh crore, driven by 30% yoy increase in growth AUM, which excludes the discontinued legacy business.
