Earnings miss due to one-time credit costs and higher opex

Company
28 Oct 2024
5 Min read 
  • Abhijit Tibrewal 27 October 2024 2QFY25 Result Update
  •  Sector: NBFCs Poonawalla Fin corp
  •  Estimate changes S&P CNX TP change Rating change
  •  Bloomberg POONAWAL IN Equity Shares (m) 778 M.Cap.(INRb)/(USDb) 231 / 2.7
  •  Financials Snapshot (INR b) Y/E MARCH FY24 FY25E FY26E
  •  NII grew ~18% YoY to ~INR5.6b (8% miss)
  •  Asset quality deteriorates due to the STPL segment
  •  The company has articulated that it will invest in technology, distribution, collections, seasoned senior leadership, and setting up newer product segments
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