പൂനാവാല ഫിൻകോർപ്പിന്റെ രണ്ടാം പാദ അറ്റാദായം 405 ശതമാനം വർധിച്ച് 375 കോടി രൂപയിലെത്തി. വായ്പാ വിതരണത്തിലെ വൻ വളർച്ചയും മികച്ച പ്രവർത്തനക്ഷമതയുമാണ് ഈ നേട്ടത്തിന് പിന്നിൽ. കമ്പനിയുടെ ആസ്തി കൈകാര്യം ചെയ്യുന്ന തുക 55 ശതമാനം ഉയർന്നു. കിട്ടാക്കടം 1.2 ശതമാനമായി കുറഞ്ഞത് കമ്പനിയുടെ സാമ്പത്തിക ഭദ്രതയും ആസ്തി നിലവാരവും കൂടുതൽ ശക്തമാക്കുന്നു.
Poonawalla Fincorp reported a remarkable net profit of ₹375 crore for the second quarter, marking impressive year-on-year growth. The company's loan portfolio expansion contributed to a stellar 75.6% rise in net interest income. Notably, new disbursements made up 28% of the total, exceeding ₹4,400 crore. The gross non-performing asset ratio improved to 1.2%, reflecting enhanced asset quality, while the capital adequacy ratio stood strong at 18.7%, indicating robust financial health.
Poonawalla Fincorp's second-quarter net profit rose more than five-fold to ₹375 crore from a year earlier, as rapid loan-book growth lifted interest and fee income and helped operating profit more than double.
The non-bank lender's profit after tax rose 405.2% year-on-year in the quarter ended September 30, from ₹74 crore a year earlier. Profit increased 21.8% quarter-on-quarter from ₹308 crore in the preceding quarter.
Net interest income, including fees and other income, climbed 75.6% year-on-year to ₹1,589 crore. Cross-sell income rose to ₹118 crore from ₹68 crore, while servicing income increased to ₹91 crore from ₹37 crore.
Assets under management rose 55% year-on-year to ₹74,008 crore. New products, including prime personal loans, gold loans, education loans, consumer durable loans, commercial vehicle loans and shopkeeper loans, accounted for 28% of second-quarter disbursements. These businesses disbursed more than ₹4,400 crore during the quarter.
Speaking to analysts, MD and CEO Arvind Kapil said growth was being accompanied by margin expansion. He said yields on new disbursements expanded by about 20 basis points in the second quarter, following an increase of about 50 basis points in the preceding quarter. Higher yields on earlier disbursements were also flowing through to the overall portfolio, he said.
Kapil also highlighted the expansion of the commercial vehicle business to more than 1,250 channel partners, the strengthening of education-loan origination through an instant-sanction platform, and the scaling up of the consumer durable network to 20,000 dealers across 360 locations. The company's gross non-performing asset ratio improved to 1.2% from 1.6% a year earlier. The lender's capital adequacy ratio stood at 18.7%, while total borrowings were ₹58,865 crore. Its cost of borrowing increased to 7.7% from 7.7% a year earlier.