Earnings miss due to NIM compression; loan growth strong

Company
23 Jul 2024
5 Min read 
  • Nitin Aggarwal's email provides an update on Poonawalla Fin corp's 1QFY25 results.
  •  The company's financial snapshot shows growth in net income, PPOP, and PAT.
  •  The company's valuation and view suggest a buy with a target price of INR 465.
  •  The management commentary highlights a focus on scalability, risk management, and new product offerings.
  •  The asset quality is improving, and credit costs are still benign.
  •  The company's financial performance and valuation ratios indicate a positive outlook.
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