Poonawalla Fincorp Q2 profit soars five-fold YoY to Rs 375 crore
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Poonawalla Fincorp reported a net profit of ₹375 crore for the second quarter, marking a five-fold jump from a year earlier.
- ✓The company saw its loan portfolio grow as new disbursements crossed ₹4,400 crore.
- ✓MD and CEO Arvind Kapil said, "growth was being accompanied by margin expansion" during the period.
Story at a Glance
- Category
- BUSINESS
- Reported By
- Economic Times
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
Poonawalla Fincorp reported a remarkable net profit of ₹375 crore for the second quarter, marking impressive year-on-year growth. The company's loan portfolio expansion contributed to a stellar 75.6% rise in net interest income. Notably, new disbursements made up 28% of the total, exceeding ₹4,400 crore. The gross non-performing asset ratio improved to 1.2%, reflecting enhanced asset quality, while the capital adequacy ratio stood strong at 18.7%, indicating robust financial health.
Poonawalla Fincorp's second-quarter net profit rose more than five-fold to ₹375 crore from a year earlier, as rapid loan-book growth lifted interest and fee income and helped operating profit more than double.
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Economic Times
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