NATIONAL, 18 JANUARY, 2023 (GPN): The freshly released results from Poonawalla Fincorp (PFL) show the financial health of this NBFC. The highlight of this PFL’s report is their highest-ever quarterly PAT of Rs 265 crore. This was an increase of 76% YoY and 15% QoQ.

Here are all of the other key details that you need to know:

Disbursements

PFL recorded its highest-ever disbursement (quarterly basis) of Rs 8,731 crore, which is a jump of 159% YoY and 12% QoQ.

Assets Under Management (AUM)

PFL has shown similar results in AUM as well. For Q3FY24, the company’s AUM stands at Rs 21,946 crore, up 58% YoY and 9% QoQ. 

Asset Quality

PFL, under Abhay Bhutada’s management, reduced its Gross Non-Performing Asset (GNPA) to 1.33% from 1.69% percent a year ago. The Net Non-Performing Asset (NNPA) also dropped to 0.70%.

Return on Assets

The company’s RoA stood at 5.3%, up 84 bps YoY and 34 bps QoQ.

Net Interest Margin (NIM) and Operating Profit (PPOP)

There was an improvement of 33 bps YoY with the NIM reaching 11.02%. Finally, the PPOP was at Rs 350 crore, up 125% YoY and 4% QoQ.

The board of PFL declared an interim dividend of Rs 2 per equity share (100% of face value) for FY 2023-24.

After the release of their Q3FY24 results, Poonawalla Fincorp closed their shares at Rs 496.75 a piece on January 18.

Commenting on the results, Mr. 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 successful completion of our technology transformation, we are now a step ahead to offer a delightful customer experience with innovative and personalized journeys.” Ends