Poonawalla Fincorp's Q3 PAT Surges to Rs 265 Cr, AUM Reaches Rs 21,946 Cr

Poonawalla Fincorp, on Thursday, reported a standalone 76 per cent year-on-year (YoY) increase in Profit After Tax (PAT) to Rs 265 crore, with a 15 per cent quarter-on-quarter (QoQ) growth. 

The company's Return on Assets (RoA) reached 5.3 per cent, up 84 bps YoY and 34 bps QoQ. 

Net Interest Margin (NIM) improved to 11.02 per cent, marking a 33 bps YoY increase. The Opex to AUM ratio stood at 4.00 per cent, showing an improvement of 206 bps YoY and 18 bps QoQ. 

The Operating Profit (PPOP) reached Rs 350 crore, up 125 per cent YoY and 4 per cent QoQ. The Board declared an interim dividend of Rs 2 per equity share (100 per cent of face value) for FY2023-24.

Poonawalla Fincorp's Managing Director, Abhay Bhutada, “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.”