Stock Report

Poonawalla Fincorp Ltd - Q3 FY24 Business Update

Posted On : 2024-01-04 14:18:45( TIMEZONE : IST )

Poonawalla Fincorp Limited has announced business update with respect to the quarter ended 31st December 2023:

Disbursements: Total disbursements during Q3FY24 were highest ever at approximately ₹ 8,730 crore up 159% YoY and 12% QoQ compared to disbursements of ₹ 3,369 crore in Q3FY23 and ₹ 7,807 crore in Q2FY24.

Assets Under Management (AUM): AUM grew by 57% YoY and 8% QoQ to approximately ₹ 21,850 crore as on 31st December 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 the Management Vision 2025.

Liquidity: The Company continues to have ample liquidity of approximately ₹ 2,875 crore as on 31st December 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. 430.80 as compared to the previous close of Rs. 430.75. The total number of shares traded during the day was 53130 in over 1437 trades.

The stock hit an intraday high of Rs. 437.25 and intraday low of 430.00. The net turnover during the day was Rs. 22990733.00.