India's Piramal Enterprises gains on Q1 profit rise; Motilal Oswal sees stable growth

Piramal Enterprises

30/07/2025 05:09

** Piramal Enterprises PIRA.NS rises 2.6% to 1,328 rupees

** Non-banking financial co posts 52% y/y rise in June-quarter consol profit; total rev from ops up 18.7% y/y

** Motilal Oswal retains "neutral"; holds PT at 1,315 rupees

** Sees improving profitability, strong retail loan growth and stable asset quality

** Expects 24% AUM CAGR, 27% retail AUM CAGR over FY25–FY27; RoA/RoE to improve to 1.9%/8.1% by FY27

** Highlights strong retail loan growth (+37% y/y), improving opex ratios and declining credit costs in growth portfolio

** Stock rated "sell" on avg; median PT is 1,200 rupees, per data compiled by LSEG

** PIRA gains 20% YTD

 (Reporting by Rudra Pratap Singh in Bengaluru)

 ((rudrapratap.singh@thomsonreuters.com))