Shares of Poonawalla Fincorp tumbled 2 percent on February 1 after the non-bank finance company reported a strong fall in net profit in the October-December quarter of financial year 2025. The stock opened at Rs 304.15 apiece.
Poonawalla Fincorp on January 31 announced its results for the third quarter of the current financial year. The company reported a consolidated net profit of Rs 18.73 crore for the reported quarter. This marks a significant fall of nearly 93 percent from the Rs 265.14 crore net profit reported in the corresponding quarter of the previous financial year.
The company's revenue from operations however gained and stood at Rs 1,057.03 crore in Q3. This marks a 29 percent increase from the Rs 762.61 crore revenue from operations reported in Q3 of financial year 2024. The total income improved 37 percent year-on-year to Rs 1,057 crore in the reported quarter.
The company's net interest income (NII) meanwhile rose 22 percent on-year to Rs 672 crore in Q3. Its gross Non-Performing Asset (GNPA) margin stood at 1.85 percent, while the net NPA (NNPA) margin stood at 0.81 percent. Poonawalla Fincorp's assets under management (AUM) jumped 41 percent year-on-year to Rs 30,984 crore. It aims to increase its AUM by up to 6 times in the next five years.
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"We are excited and confident on the foundation we are building today which will deliver meaningful value in the quarters ahead. We see robust AUM growth in the four quarters leading to strong sustainable profits," said Poonawalla Fincorp Managing Director and CEO Arvind Kapil.
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