Finance company Poonawalla Fincorp announced Q2FY25 results Assets: Assets Under Management (AUM) stood at Rs 28,396 crore, up 40% YoY and 5% QoQ. AUM Mix consists of 33% MSME finance, followed by 28% personal and consumer finance, 19% loan against property and 15% pre-owned car. Asset Quality: Net NPA stable at 0.33%, lower 39bps YoY; Gross NPA at 2.10%, up by 74bps YoY and 143bps QoQ, on account of higher slippages in STPL portfolio. STPL portfolio one-time provisioning of Rs 666 Crore taken during the quarter and recalibrated on credit parameters. Provision Coverage Ratio improved from 52.53% to 84.47% QoQ. Profitability: Net Interest Income (inc. fees and other income) was Rs 645 crore, up 22% YoY. PPoP was Rs 279 crore. PPoP includes one-time opex of Rs 71 Crore. Capital Adequacy and Liquidity: Capital Adequacy Ratio was 29.22%, with Tier-1 at 27.75%, well above the regulatory requirement of 15%. Liquidity buffer stood at Rs 5,710 crore. Arvind Kapil, Managing Director and CEO, Poonawalla Fincorp, said: “The quarter will mark a very positive turning point for the company. We have made provisioning for the STPL book with a clear intent for better risk management and financial resilience. We are strengthening our balance sheet for a long-term strategy. With the management depth that is already on board, we are confident that we will take the existing 4 products to a total of 10 products. I believe this will transform Poonawalla Fincorp within the first 4-6 quarters both in terms of diversity of customer segments, distribution, recalibration of overall risk, substantial lift in AUM and a foundation for recalibration of profit in the third year.” Result PDF