Poonawalla Fincorp Q2 Results 2023

Read this story to learn about Q2- highlights, performance, earnings, dividend updates, market performance, etc.,

Highlights of the Result

· The total income of the company    stood at ₹ 745 Cr saw a rise of    55% YoY · Net profit saw a whopping Surge    of 77% YoY and 15% QoQ · The Operating Profit saw a rise of    14% QoQ and 167% YoY stood,   stood at ₹336 Cr

Performance Highlights

· The company excelled with ₹7,807 crore in disbursements and growth across all product lines · The Net profit Reached to ₹230 Cr from ₹130 Cr last year · Assets under Management (AUM) of ₹20,215 crore along with a growth of 54% YoY.

Future Outlook

The company is focused on digital integration, with significant progress made in Q2. It has plans to launch EMI cards, co-branded credit cards, and various digital loan-related services in future.

Company’s Expenses

Concomitantly, the expenses fall during the quarter. For the quarter under review, the company reported a total expense of ₹ 194 Cr, an 8% decrease.

Source: Poonawalla Fincorp Financial Report – Q2 Report, BSE