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Informist, Tuesday, May 5, 2026

 

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--Poonawalla Fincorp Jan-Mar consol net profit INR 2.55 bln 
--Analysts saw Poonawalla Fincorp Jan-Mar consol net profit INR 2.14 bln 
--Poonawalla Fincorp Jan-Mar consol PAT INR 2.55 bln vs INR 623.3 mln yr ago 
--Poonawalla Fincorp Jan-Mar consol revenue INR 21.15 bln vs INR 11.66 bln 
--Poonawalla Fincorp FY26 consol PAT INR 5.42 bln vs loss INR 983.4 mln 
--Poonawalla Fincorp FY26 consol revenue INR 67.90 bln vs INR 41.90 bln 
--Poonawalla Fincorp provision coverage ratio 49% on Mar 31 
--Poonawalla Fincorp gross NPA ratio 1.44% on Mar 31 vs 1.51% qtr ago 
--Poonawalla Fincorp net NPA ratio 0.74% on Mar 31 vs 0.80% qtr ago 
--Poonawalla Fincorp AUM at INR 603.48 bln on Mar 31, up 69.4% on year 

 

By Durgesh Nandan

 

MUMBAI – Poonawalla Fincorp Ltd. reported a fourfold rise in its consolidated net profit for the March quarter die to a substantial on-year rise in revenue. The non-banking finance company's consolidated net profit for the quarter was INR 2.55 billion, surpassing the street's estimate of INR 2.14 billion by a healthy margin. 

 

The company's revenue for the March quarter rose over 81% on year to INR 21.16 billion. Of this, interest income grew over 77% on year and 14% on the quarter to INR 18.94 billion. However, other income declined on year to INR 49 million, down more than 30% on year. Net interest income, including fees and other income, rose 79% on year and 18% on quarter to INR 12.76 billion in the March quarter. The company's net interest margin was 9.05% for the March quarter, up from 8.62% in the trailing quarter.

 

The rise in the company's March quarter net profit is also attributable to an improvement in asset quality. The company's gross non-performing assets ratio improved to 1.44% as on Mar. 31. The net non-performing assets ratio fell to 0.74% as on Mar. 31 from 0.80% as on Dec, 31. The company said its asset quality improved due to a reduction of 7 basis points on quarter in gross non-performing assets and no accelerated write-offs. The credit cost for the quarter was 2.5%, down from 3.1% a year ago and 2.6% a quarter ago. "Credit cost as a percentage to average AUM (assets under management) has improved to 2.51%," the company said in its investor presentation.  

 

The non-banking finance company's loans surged more than 71% on year and over 9% on quarter to INR 559.51 billion for the reporting quarter. Assets under management grew over 69% on year and almost 10% on quarter to INR 603.5 billion as on Mar, 31. For the financial year 2025-26 (Apr-Mar), the company reported a net profit of INR 5.42 billion, against a net loss of INR 983.4 million a year ago. For FY26, it reported revenue of INR 67.90 billion, against INR 41.90 bln a year ago.

 

"we are seeing a powerful expansion in incremental NIMs. With credit costs trending lower and Opex-to-AUM decoupling, the business is now primed for high-quality, sustained profitability...," the company said in a press release. Poonawalla Fincorp Ltd. is a part of the Cyrus Poonawalla group, which also owns the vaccine maker Serum Institute of India. The non-banking finance company focusses on financing consumer loans and loans to micro, small, and medium enterprises. On Tuesday, shares of the company ended at INR 439 on the National Stock Exchange, up marginally.  End

 

Edited by Avishek Dutta

 

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