 "NBFCs")
Poonawalla Fincorp Ltd (PFL) made a consolidated net profit of Rs 119 crore in the fourth quarter ended March 2022 (Q4Fy22) by improving its net interest margin and credit costs. It had made a consolidated loss of Rs 648 crore in Q4Fy21.
The non-banking finance company posted a consolidated net profit of Rs 375 crore in Fy22 as against loss of Rs 559 crore in Fy21.
The company’s board recommended a dividend payment of 20 per cent for Fy22 subject to shareholder’s approval, according to filing with BSE. The share of PFL, erstwhile Magma Fincorp Ltd, closed 5.9 per cent
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