India's Piramal Finance jumps on sharp Q4 profit growth

Piramal Finance

28/04/2026 07:33

** Shares of India's Piramal Finance PIRL.NS advance 9.47% to 2,018.3 rupees

** Housing finance co posts Q4 net profit of 5.01 billion  rupees ($53.04 million) vs 1.02 billion rupees a year earlier

** Nomura ("buy"; TP: 2,150) expects improved profitability with return on assets of ~3.1% by FY29 as cost savings could help offset the impact of near-term branch expansion

** Jefferies ("hold"; TP: 1,940) raises FY27–28 earnings estimates by up to 4% on better margins, expects co to post profit of 21 billion rupees in FY27, 30 billion rupees in FY28

** PIRL rated "buy"; median TP 2000 rupees - data compiled by LSEG

** YTD stock up 12.18%

($1 = 94.4600 Indian rupees)

 (Reporting by Devika Nair in Bengaluru)

 ((Devika.MadhusudhananNair@thomsonreuters.com;))