Finance company Poonawalla Fincorp announced Q3FY25 results Assets: Assets Under Management (AUM) stood at Rs 30,984 crore, up 41% YoY and 9% QoQ. Secured to Unsecured mix improved to 54:46. AUM Mix consists of 36% MSME finance, followed by 24% Personal and Consumer finance, 22% Loan against property and 14% Pre-owned car. Asset Quality: Gross NPA at 1.85%, reduced by 25bps QoQ; Net NPA at 0.81%. Provision Coverage Ratio at 56.79%. Profitability: PPoP was Rs 373 crore, +7% YoY. Net Interest Income (inc. fees and other income) was Rs 672 crore, up 22% YoY. Capital Adequacy and Liquidity: Capital Adequacy Ratio was 25.89%, with Tier-1 at 24.46%, well above the regulatory requirement of 15%. Liquidity buffer stood at Rs 4,808 crore. Arvind Kapil, Managing Director and CEO, Poonawalla Fincorp, said: “We are excited and confident on the foundation we are building today which will deliver meaningful value in the quarters ahead. We see robust AUM growth in the four quarters leading to strong sustainable profits.” Result PDF
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.