Assets under Management (AUM) grew by 52% YoY to approximately Rs 26,970 crore as on 30 June 2024.
The company expects its GNPA and NNPA to improve further and be less than 1.00% & less than 0.50% respectively.
The company continues to have ample liquidity of approximately Rs 5,200 crore as on 30 June 2024.
Poonawalla Fincorp is a Cyrus Poonawalla group promoted non-deposit taking systemically important non-banking finance company (ND-SI-NBFC), registered with the Reserve Bank of India (RBI). The company’s financial services offerings include pre-owned car finance, personal loans, loan to professionals, business loans, loan against property, supply chain finance, machinery loans, medical equipment loans and consumer loans.
The NBFC’s net profit surged 83.57% to Rs 331.70 crore on 58.6% jump in total income to Rs 921.73 crore in Q4 FY24 over Q4 FY23.
Th scrip rose 0.86% to currently trade at Rs 420.20 on the BSE.