Finance company Poonawalla Fincorp announced Q1FY25 results: Assets: Assets Under Management (AUM) stood at Rs 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 Rs 432 crore, up 47% YoY and 6% QoQ Profit After Tax (PAT) was Rs 292 crore, up 46% YoY Return on Assets (RoA) stood at 4.62% Net Interest Income (inc. fees and other income) was Rs 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 regulatoryrequirement of 15% Liquidity buffer stood at Rs 5,192 crore. Commenting on the results, 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.” Result PDF
Conference Call with Poonawalla Fincorp Management and Analysts on Q1FY25 Performance and Outlook. Listen to the full earnings transcript.
Finance company Poonawalla Fincorp announced Q4FY24 results: Financial Highlights: Assets: Highest Ever Quarterly Disbursement: Achieved the highest ever quarterly disbursement of Rs 9,688 crore, up 52% YoY and 11% QoQ Assets Under Management (AUM): Stood at Rs 25,003 crore, up 55% YoY and 14% QoQ Asset Quality: Gross NPA at 1.16%, reduced by 28 bps YoY and 17 bps QoQ Net NPA at 0.59%, reduced by 19 bps YoY and 11 bps QoQ Profitability: Profit After Tax (PAT): Highest ever yearly PAT of Rs 1,027 crore in FY24, jumps 83% YoY and Highest ever quarterly PAT of Rs 332 crore, up 25% QoQ Return on Assets (RoA) stood at 5.73%, up 73 bps YoY and 42 bps QoQ Net Interest Margin (NIM) was at 11.06%, up 4 bps QoQ Opex to AUM ratio: At 3.99% in Q4FY24, reduced by 144 bps YoY and 1 bps QoQ Operating Profit (PPOP) was at Rs 409 crore for Q4FY24, up 93% YoY and 17% QoQ Capital Adequacy and Liquidity: Capital Adequacy Ratio stood at 33.8% Liquidity buffer stood at Rs 3,932 crore Commenting on the results, Abhay Bhutada, Managing Director, Poonawalla Fincorp, said, “I feel elated and proud of the last 3 years’ journey, to spearhead the biggest transformation of Poonawalla Fincorp that the NBFC space has ever witnessed. Our rigor and execution excellence has ensured that we have continuously outperformed and given consistent superior performance resulting in achieving significant milestone of AUM crossing Rs 25,000 crore and PAT crossing Rs 1,000 crore. Our differentiated strategy and relentless execution are reflected across all business metrics and have made us a thought leader in the lending space.” Result PDF
Non-banking Financial company Poonawalla Fincorp announced Q3FY24 results: Financial Performance: - The company recorded its highest-ever quarterly Profit After Tax (PAT) of Rs 265 crore, marking a sharp increase of 76% year-over-year (YoY). - There was a noteworthy rise in the quarterly disbursements that reached a new high of Rs 8,731 crore, showing a significant climb of 159% YoY and 12% quarter-over-quarter (QoQ). - Operating Profit (PPOP) reached Rs 350 crore, indicating a substantial growth of 125% YoY and 4% QoQ. Asset Management and Quality: - Poonawalla Fincorp's Assets Under Management (AUM) stood at Rs 21,946 crore, up 58% YoY and 9% QoQ. - Gross Non-Performing Assets (NPA) were reported at 1.33%, presenting a YoY decrease of 36 basis points (bps) and a marginal QoQ dip of 3 bps. - Net NPA showed improvement, coming down to 0.70%, reducing by 19 bps YoY and 2 bps QoQ. Profitability Metrics: - Return on Assets (ROA) was observed at 5.3%, an uplift of 84 bps YoY and 34 bps QoQ. - The Net Interest Margin (NIM) experienced an improvement, recording at 11.02%, up by 33 bps YoY. - The ratio of Operating Expenses to AUM improved, standing at 4.00%, showing a decrease of 206 bps YoY and 18 bps QoQ. Capital Adequacy and Liquidity: - The Capital Adequacy Ratio was strong at 38.2%. - The company maintained a healthy liquidity buffer of Rs 2,973 crore. Dividends: - The board declared an interim dividend of Rs 2 per equity share, equating to a 100% payout of the face value for FY24. Commenting on the results, Abhay Bhutada, Managing Director, Poonawalla Fincorp, said, “We continued to showcase exemplary growth in Q3FY24 with highest ever quarterly disbursement & profit and strong AUM growth while maintaining a superior asset quality. Our recently launched mobile app has gained significant traction thereby helping us build a robust distribution ecosystem. With the successful completion of our technology transformation, we are now a step ahead to offer a delightful customer experience with innovative and personalized journeys.” Result PDF