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