Poonawalla Fincorp Ltd - Q4FY23 Business Update

Poonawalla Fincorp Limited has announced the business update at standalone level with respect to the quarter ended 31 March 2023:

Disbursements: Total disbursements during Q4FY23 were highest ever at approximately ₹ 6,370 crore, up 151% YoY and 89% QoQ compared to disbursements of ₹ 2,539 crore in Q4FY22 and ₹ 3,369 crore in Q3FY23. Direct Digital Program (DDP) continued a healthy trajectory, contributing 81% of the total disbursements in Q4FY23 compared to 66% in Q3FY23, 54% in Q2FY23, 39% in Q1FY23 and 24% in Q4FY22. For the full year FY23, total disbursements grew by 109% YoY to approximately ₹ 15,750 crore.

Assets Under Management (AUM): AUM grew by 37% YoY and 16% QoQ to approximately ₹ 16,120 crore as on 31 March 2023, despite sharp reduction in the discontinued loan book. Discontinued onbook reduced to approximately ₹ 625 crore as on 31 March 2023.

Asset quality: GNPA and NNPA are expected to improve further to less than 1.55% and 0.85% respectively as on 31 March 2023. As guided, we would strive to maintain the NNPA below 1% in line with its Management Vision 2025.

Liquidity: The Company continues to have ample liquidity of approximately ₹ 3,000 crore as on 31 March 2023.

Management Commentary: We continued strong growth momentum during Q4FY23 by achieving highest ever quarterly disbursement through 100% organic route, highest ever customer acquisition with best-in-class asset quality and continue to have amongst the lowest cost of funds. This sets us on course to achieve the stated Vision 2025 on a standalone basis with focus on Growth, Asset Quality and Profitability.

The above information is provisional and subject to audit by the statutory auditors of the Company.

Shares of Poonawalla Fincorp Limited was last trading in BSE at Rs. 291.05 as compared to the previous close of Rs. 292.50. The total number of shares traded during the day was 81957 in over 2233 trades.

The stock hit an intraday high of Rs. 295.25 and intraday low of 287.50. The net turnover during the day was Rs. 23885434.00.

Source : Equity Bulls

Keywords

PoonawallaFincorp INE511C01022 NBFC BusinessUpdate Q4FY23