Operating profit in line; earnings beat due to lower tax rate

Company
30 Apr 2024
5 Min read 
  • Poonawalla Fincorp's 4QFY24 NII grew 48% YoY to ~INR5.6b 
  •  PPoP surged 103% YoY to ~INR4.1b 
  •  PAT jumped 84% YoY/25% QoQ to ~INR3.3b.
  •  AUM grew 55% YoY and 14% QoQ to ~INR250b 
  •  Disbursements grew 52% YoY 
  •  NIM rose ~5bp QoQ to ~11.1%.
  •  PFL is committed to boosting productivity through digitization 
  •  Preparing for growth by introducing new products 
  •  Aiming for lower operating costs, higher business volumes, and robust asset quality.
  •  Asset quality improved with GS3/NS3 at 1.2%/0.6% 
  •  Model credit costs of 0.9%/1.0% over FY25/FY26 
  •  Expect NIMs of 9.2%/9.3% for FY25/FY26.
  •  NIM guidance remained unchanged with NIM above 11% 
  •  CoF to further decline 
  •  Borrowing via CPs and short-term limits.
  •  Surpassed INR250b milestone in AUM 
  •  Surplus liquidity at INR39.3b 
  •  Opex/AUM stood at ~4% in 4QFY24.
Login / Open Demat Account to read the report

Never Miss Out on Hot Market Updates

Get exclusive market news delivered to your inbox - on priority