Poonawalla Fincorp AUM up 52% YoY to Rs26,972 crore PPoP at Rs432 crore in Q1FY25, up 47% YoY and 6% QoQ

Chennai, July 22, 2024: The Board of Directors of Poonawalla Fincorp Limited, a non-deposit taking systemically important NBFC, focusing on consumer and MSME finance, today announced its unaudited financial results for the quarter ended June 30, 2024.

The Company continued to register consistent growth in AUM & profitability, superior asset quality and customer engagement during this period.

Key Highlights – Q1FY25:

Assets:

•  Assets Under Management (AUM) stood at ₹26,972 crore, up 52% YoY and 8% QoQ
•  AUM Mix consist of 35% MSME finance, followed by 28% personal and consumer finance, 17% loan against property and 14% pre-owned car.

Asset Quality:

•  Gross NPA at 0.67%, lower 75bps YoY and 49bps QoQ
•  Net NPA at 0.32%, lower 44bps YoY and 27bps QoQ
• Provision Coverage Ratio stood at 52.53%

Profitability:

• Operating Profit (PPOP) was ₹432 crore, up 47% YoY and 6% QoQ
• Profit After Tax (PAT) was ₹292 crore, up 46% YoY
•  Return on Assets (RoA) stood at 4.62%
•  Net Interest Income (inc. fees and other income) was ₹676 crore, up 42% YoY and 5% QoQ

Capital Adequacy and Liquidity:

• Capital Adequacy Ratio was 31.57%, with Tier-1 at 30.09%, well above the regulatory requirement of 15%
• Liquidity buffer stood at ₹5,192 crore.

Commenting on the results, Mr. Arvind Kapil, Managing Director and CEO, Poonawalla Fincorp, said,

“Our fundamental guiding philosophy for all businesses will be productivity, predictability and sustainability. We envisage achieving it through higher investments mainly in collections, technology and launch of new businesses. This will help us build a retail franchise step-by-step, process-by-process with solid risk management and mix of right products.”