Piramal Enterprises Ltd (PEL) announced on Friday, September 19, that the resignation of its Chief Financial Officer and Key Managerial Personnel Upma Goel will be effective from the close of business hours on September 30, 2025.
Goel had tendered her resignation, as mentioned in a release dated July 29, citing career aspirations and the pursuit of new opportunities as the reasons for her departure.
First quarter results
PEL reported a strong set of numbers for the first quarter ended June 30, 2025. The non-bank lender posted a 52.4% rise in net profit to ₹276 crore, compared to ₹181 crore in the same period last year. Revenue from operations also climbed 18.8% year-on-year to ₹2,646 crore.
The company highlighted a 22% growth in total assets under management (AUM), which stood at ₹85,756 crore. Importantly, the quality of AUM has improved, with the growth-to-legacy mix at 93:07, a sharp contrast from 34:66 in FY22.
This quarter is expected to be the last before the merger of PEL and Piramal Financescheduled for completion in September 2025. PEL also reported a net worth of ₹27,174 crore and strong liquidity buffers of ₹9,070 crore, representing 9% of its total assets.
Shares of Piramal Enterprises ended lower on Friday (September 19) by 4.07% at ₹1,130 on the NSE.
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