Poonawalla Fincorp on Friday reported an 81% year-on-year fall in its Q4FY25 net profit to Rs 62.33 crore versus Rs 332 crore reported in the year ago period after the company's expenses ballooned by over 100% over the corresponding quarter of the last financial year. Notwithstanding this, the company managed to deliver double-digit growth in its net interest income (NII) and assets under management (AUM).
Poonawalla Fincorp's NII in the January-March quarter jumped by 12% YoY and 6% QoQ to Rs 715 crore while its AUM was recorded at Rs 35,631 crore at the end of the quarter under review, registering a 43% YoY and 15% QoQ uptick.
Growth in AUM Strong remained robust with momentum primarily across all products, a company filing to the exchanges said.
In the quarter that concluded on March 31, 2025, the company incurred expenses of Rs 1,093 crore versus Rs 536.26 crore in the year ago period. Heads like Finance Cost and Impairment on financial instruments were major culprits.
The company secured on-book mix at 57% versus 54% in the previous quarter and launched 6 new businesses. Its credit cost reduced by 27% QoQ while PAT improved sequentially.
The Capital Adequacy Ratio (CAR) stood at 22.94% in Q4FY25.
Poonawalla Fincorp's Pre-Provision Operating Profit (PPoP) stood at Rs 333 crore, climbing by 19% YoY and 11% QoQ.
The Gross NPA was down 1 bps to 1.84%.
For full financial year, NII grew by 23% YoY to ₹2,708 crore during the financial year while PPoP was at Rs 1,417 crore, up 2% YoY despite investment in new businesses and increase in secured asset mix.
Liquidity buffer stood at Rs 4,686 crore as of March 31, 2025
Commenting on the results, Arvind Kapil, Managing Director and CEO, Poonawalla Fincorp said that with risk-first thinking and next-gen analytics, the company is reimagining customer assessment for a more agile and sustainable profits.
Poonawalla Fincorp is a Cyrus Poonawalla group promoted non-deposit taking non-banking finance company.
Poonawalla Fincorp's NII in the January-March quarter jumped by 12% YoY and 6% QoQ to Rs 715 crore while its AUM was recorded at Rs 35,631 crore at the end of the quarter under review, registering a 43% YoY and 15% QoQ uptick.
Growth in AUM Strong remained robust with momentum primarily across all products, a company filing to the exchanges said.
In the quarter that concluded on March 31, 2025, the company incurred expenses of Rs 1,093 crore versus Rs 536.26 crore in the year ago period. Heads like Finance Cost and Impairment on financial instruments were major culprits.
The company secured on-book mix at 57% versus 54% in the previous quarter and launched 6 new businesses. Its credit cost reduced by 27% QoQ while PAT improved sequentially.
The Capital Adequacy Ratio (CAR) stood at 22.94% in Q4FY25.
Poonawalla Fincorp's Pre-Provision Operating Profit (PPoP) stood at Rs 333 crore, climbing by 19% YoY and 11% QoQ.
The Gross NPA was down 1 bps to 1.84%.
For full financial year, NII grew by 23% YoY to ₹2,708 crore during the financial year while PPoP was at Rs 1,417 crore, up 2% YoY despite investment in new businesses and increase in secured asset mix.
Liquidity buffer stood at Rs 4,686 crore as of March 31, 2025
Commenting on the results, Arvind Kapil, Managing Director and CEO, Poonawalla Fincorp said that with risk-first thinking and next-gen analytics, the company is reimagining customer assessment for a more agile and sustainable profits.
Poonawalla Fincorp is a Cyrus Poonawalla group promoted non-deposit taking non-banking finance company.
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