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Piramal Enterprises Q4 Results Review: Motilal Oswal Retains 'Neutral', Revises Target Price — Here's Why

Motilal Oswal reiterates its Neutral rating on Piramal Enterprises with a revised target price of Rs 1,085 (based on Mar’27E SoTP).

<div class="paragraphs"><p>Piramal Enterprises reported a Q4 FY25 net profit of ~Rs 1 billion (previous quarter: ~Rs 386 million).</p><p>(Photo Source: Company website)</p></div>
Piramal Enterprises reported a Q4 FY25 net profit of ~Rs 1 billion (previous quarter: ~Rs 386 million).

(Photo Source: Company website)

Piramal Enterprises aims to increase the share of unsecured business by ~4-4.5% in total AUM over the next two years. This shift is expected to be NIM accretive, contributing positively to margins. The company has a tax shield of Rs 145 billion, which will ensure that the PAT is equal to PBT for the next few years. Further, the company expects to receive deferred consideration of $120 million in FY26 from the sale of the Piramal imag...
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