Poonawalla Fincorp AUM grows to Rs 16,575 crore, up 17% YoY and 9% QoQ

Poonawalla Fincorp Ltd.'s assets under management (AUM) stood at Rs 16,575 crore as at the end of quarter ended March 31, 2022, growing by 17% YoY and 9% QoQ. The AUM for the housing finance subsidiary Poonawalla Housing Finance Limited crossed ₹ 5,000 crore milestone.

According to the management, Q4FY22 witnessed significant improvement in organic disbursements across all products. Company's disbursements for Q4FY22 were approximately Rs. 3,330 crore and for FY22, they stood at Rs. 9,490 crore. The management expects the positive trend to continue in the coming quarters supported by change in the product mix and the momentum gained on the distribution pillars of direct, digital and partnerships.

Company's collection efficiency continued an upward trajectory and stood at approximately 108.4% in March 2022 vis-a-vis 99.1% in December 2021. The gains in collections have led to a significant improvement in March 2022 asset quality metrics of Gross Stage 3 over March 2021. It expects the net stage below 1.20% and Gross Stage 3 below 3% as on 31st March 2022; in line with the management vision 2025 to bring down Net Stage 3 below 1%.

The Company's Capital to Risk Weighted Assets Ratio (CRAR) was more than 49% as of March 31, 2022.

Shares of Poonawalla Fincorp Limited was last trading in BSE at Rs. 278.70 as compared to the previous close of Rs. 277.85. The total number of shares traded during the day was 191867 in over 4242 trades.

The stock hit an intraday high of Rs. 286.55 and intraday low of 277.10. The net turnover during the day was Rs. 53963692.00.

Source : Equity Bulls

Keywords

PoonawallaFincorp INE511C01022 AUM Disbursements CollectionEfficiency