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
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