Poonawalla Fincorp Ltd Q2FY24 Business Updates

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

1. Disbursements: Total disbursements during Q2FY24 were highest ever at approximately ₹ 7750 crore, up 149% YoY and 10% QoQ compared to disbursements of ₹ 3,110 crore in Q2FY23 and ₹ 7,063 crore in Q1FY24.

2. Assets Under Management (AUM): AUM grew by 53% YoY and 13% QoQ to approximately ₹ 20,110 crore as on 30th September 2023.

3. 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.

4. Liquidity: The Company continues to have ample liquidity of approximately ₹ 3800 crore as on 30th September 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. 377.15 as compared to the previous close of Rs. 381.90. The total number of shares traded during the day was 20071 in over 763 trades.

The stock hit an intraday high of Rs. 383.60 and intraday low of 373.90. The net turnover during the day was Rs. 7583142.00.

Source : Equity Bulls

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PoonawallaFincorp INE511C01022 BusinessUpdates Q2FY24