Poonawalla Fincorp on April 25 reported a net profit of Rs 62.33 crore for the January-March quarter of FY25. This marked a significant fall of over 81 percent from the Rs 331.70 crore net profit reported in the corresponding quarter of the previous financial year. The company’s revenue from operations however rose over 27 percent YoY to Rs 1,166.27 crore.
Poonawalla Fincorp's net interest income improved 12 percent YoY to Rs 715 crore during the reported quarter. Assets under management (AUM) also increased 42.5 percent YoY to Rs 35,631 crore. The company didn’t declare any dividend, and said that it wishes to conserve capital in view of its future growth.
The firm said that its profit was impacted during the year due to one-time Opex and accelerated provisioning on erstwhile STPL book in Q2FY25 (Rs 666 crore) and continued investment in the new businesses. Its asset quality also worsened, with Gross NPA margin at 1.84 percent and net NPA margin at 0.85 percent.
Notably, Poonawalla Fincorp had recently forayed into gold loan business. The company said it aims to launch 400 branches in the ongoing FY26 with a very strong cross-sell machine.
While commenting on the firm's results, Poonawalla Fincorp CEO and MD Arvind Kapil said, "Smarter AI. Sharper digital journeys. With risk-first thinking and next-gen analytics, we’re reimagining customer assessment for a more agile and sustainable profits."
Also read: Reliance Industries Q4 Results Live
The March quarter results were announced in the post market hours of April 25. Poonawalla Fincorp shares will be kept under active watch when the market reopens on April 28. The shares had closed over 4 percent lower at Rs 379.75 on April 25 ahead of the results.
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