 "Poonawalla Fincorp")
Poonawalla Fincorp posted its highest ever quarterly disbursements at nearly Rs 7,750 crore during the second quarter of financial year 2023-24. This was 149 per cent higher than Rs 3,110 crore recorded in Q2FY23, as per the exchange filing on Thursday.
Meanwhile, it posted a 10 per cent sequential growth from Rs 7,063 crore in the first quarter of FY24.
The Assets Under Management (AUM) of Poonawalla Fincorp rose by 53 per cent year-on-year (Y-o-Y) to Rs 20,110 crore.
The liquidity of the company stood at Rs 3,800 crore as of September 30, 2023. Meanwhile, the Gross Non-Performing Assets (GNPA) and Net Non-Performing Assets (NNPA) are likely to see further improvement. “As guided, we would strive to maintain the NNPA below 1% in line with its Management Vision 2025,” stated the exchange filing.
Recently, Poonawalla Fincorp received the Reserve Bank of India's (RBI) approval to issue a co-branded credit card with IndusInd Bank.
At 9:50 am, Poonawalla Fincorp traded 0.66 per cent up at Rs 379.35 on the National Stock Exchange, Thursday.
