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.