Finance firm Poonawalla Fincorp announced Q3FY23 results: Q3FY23: Assets Under Management (AUM) at Rs 13,929 crore, up by 28% YoY and 6% QoQ. Focused products AUM at Rs 12,738 crore, up by 75% YoY and 10% QoQ. Highest ever quarterly disbursements at Rs 3,369 crore, up by 157% YoY and 8% QoQ. Highest ever PAT at Rs 150 crore up 88% YoY and 16% QoQ. Highest ever RoA at 4.50% up by 158 bps YoY and 46 bps QoQ. NIM at 10.7%, an improvement of 94 bps YoY and 33 bps QoQ. Opex stood at Rs 204 crore, down by 3% QoQ. PPOP at Rs 156 crore, up 23% QoQ. Gross NPA at 1.69%, down by 236 bps YoY and 8 bps QoQ. Net NPA at 0.89%, down by 108 bps YoY and 5 bps QoQ. The Direct Digital Program (DDP) mix increased to 66% in Q3FY23 from 54% in Q2FY23 and 39% in Q1FY23 and 24% in Q4FY22. Liquidity buffer stood at Rs 3,168 crore as of Q3FY23. Capital Adequacy Ratio stood at 44% as of Q3FY23. Commenting on Poonawalla Fincorp’s performance, CA Abhay Bhutada, Managing Director, said “We are thrilled to be in the middle of this high growth phase with improved asset quality and sustainable profitability for PFL. The quarter gone by, witnessed all round performance on the back of relentless execution with highest ever disbursement, PAT and ROA leading us to high growth trajectory. Q3FY23 also marked the announcement of sale of our housing subsidiary as PFL continues to focus on building a Tech-Led Digital-First financial services company, with leadership position in consumer & MSME financing. As per our long-term guidance on financial metrics, we expect AUM growth of 35-40% with RoA of 4-4.5% as we continue to build a strong retail franchise.” Result PDF
Finance company Poonawalla Fincorp announced Q2FY23 results: Assets Under Management (AUM) at Rs 18,560 Crores, up by 22% YoY and 5% QoQ. Disbursement grew to Rs 3,721 Crores, up by 44% YoY and 8% QoQ. Highest ever PAT at Rs 163 Crores, up 70.8% YoY and 15.8% QoQ. Highest ever RoA at 3.6%, up by 102 bps YoY and 24 bps QoQ. NII at Rs 446 Crores, up by 33% YoY and 12% QoQ. NIM at 9.8%, an improvement of 77 bps YoY and 35 bps QoQ. Gross NPA at 1.52%, down by 259 bps YoY and 67 bps QoQ; while Net NPA at 0.83%, down by 118 bps YoY and 13 bps QoQ, despite alignment with revised NPA definition as per RBI circular. These are the best asset quality numbers in last 38 quarters. The Direct Digital Program (DDP) mix increased to 47% in Q2FY23 from 34% in Q1FY23 and 17.5% in Q4FY22. CARE upgraded the long-term rating to ‘AAA/Stable’. Liquidity buffer stood at Rs 4,812 Crores as of 30th Sep 2022. Standalone Capital Adequacy Ratio stood at 44.9% as of 30th Sep’22. Given the strong ALM management, and diversification of liabilities, the impact of recent interest rate hikes on cost of borrowing will be gradual Commenting on Poonawalla Fincorp’s performance, CA Abhay Bhutada, Managing Director, said “Q2 has been an excellent quarter with differentiated strategy and execution excellence leading to all round performance across business growth, improved credit quality and profitability. It was a quarter marked by highest ever organic disbursement, customer acquisition, lowest GNPA & NNPA in 38 quarters, and highest ever PAT & RoA. This sets the momentum for an even exciting second half and beyond.” Result PDF
Poonawalla Fincorp Announced Q1FY23 Result : Poonawalla Fincorp consolidated PAT jumps 118% to Rs 141 Cr in Q1FY23 AUM up 22.4% YoY at Rs 17,660 Cr | NS3 down to 0.95% Assets Under Management (AUM) for Q1FY23 increased to Rs 17,660 Cr, recording a growth of 22.4% YoY and 6.5% QoQ respectively while disbursements stood at Rs 3,436 Cr, growing by 98.3% YoY and 3% QoQ. Organic disbursements grew by 27% in Q1FY23 QoQ. NIM stood at 9.5% as of Q1FY23, an improvement of 155 Bps YoY. Consolidated PAT for Q1FY23 stood at Rs 141 Cr up 118% YoY and 18.5% QoQ Commenting on Poonawalla Fincorp’s performance, CA Abhay Bhutada, Managing Director, Poonawalla Fincorp said “We have had a great start to this financial year. Our execution excellence has ensured that this quarter(Q1FY23) has been better than last quarter(Q4FY22). Strong disbursements, on the back of excellent organic disbursement growth, is a validation of our business model. We have worked across the functions to get a multiplier effect on efforts, further leading to ‘strengthening of our strengths’ and ‘weakening of our weaknesses’. The distribution is diversified, the processes are digitized, the credit underwriting stands strengthened along with best-in-class collection and risk management practices. With ticks on all the right boxes, we are now truly into the growth phase as per our ‘Consolidate, Grow and Lead’ strategy. We will continue our rigor on execution, investment in people, building technology and a strong retail consumer franchise. We are well on course to deliver an exceptional performance.” Result PDF