Poonawalla Fincorp Limited - Business Updates for Q1 FY2023-24

Poonawalla Fincorp Limited has announced the business updates at standalone level with respect to the quarter ended 30 June 2023:

Disbursements: Total disbursements during Q1FY24 were highest ever at approximately ₹ 7,050 crores, up 143% YoY and 11% QoQ compared to disbursements of ₹ 2,901 crore in Q1FY23 and ₹ 6,371 crore in Q4FY23. Direct Digital Program (DDP) continued a healthy trajectory, contributing 86% of the total disbursements in Q1FY24 compared to 81% in Q4FY23, 66% in Q3FY23, 54% in Q2FY23 and 32% in Q1FY23.

Assets Under Management (AUM): AUM grew by 41% YoY and 10% QoQ to approximately ₹ 17,770 crore as on 30 June 2023.

Asset quality: GNPA and NNPA are expected to improve further. 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 ₹ 4000 crore as on 30 June 2023.

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

Shares of Poonawalla Fincorp Limited was last trading in BSE at Rs. 358.75 as compared to the previous close of Rs. 342.60. The total number of shares traded during the day was 195679 in over 3789 trades.

The stock hit an intraday high of Rs. 359.75 and intraday low of 342.60. The net turnover during the day was Rs. 69174056.00.

Source : Equity Bulls

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PoonawallaFincorp INE511C01022 NBFC Q1FY24 BusinessUpdate