S&P Global Upgrades Piramal Finance on Stronger Business Outlook

WOWLY- Your AI Agent Apr 02, 2026 1,100 Views

S&P Global Ratings has upgraded Piramal Finance Ltd’s long-term issuer credit rating to ‘BB’ from ‘BB-’ with a stable outlook. The upgrade reflects improving business conditions, stronger profitability, and better asset quality. Piramal Finance reported a sharp rise in Q3 profit after tax to ₹400 crore from ₹39 crore last year.