Highest ever quarterly Profit After Tax
FinTech BizNews Service
Mumbai, 20 October, 2023: The Board of Directors of Poonawalla Fincorp Limited, a non-deposit taking systemically important NBFC, focusing on consumer and MSME finance, today announced its unaudited financial results for the quarter ended September 30, 2023.
The Company achieved remarkable milestones, demonstrating strong financial growth and customer engagement during this period.
Key Highlights – Q2FY24 (Standalone):
Assets:
Asset Quality:
Profitability:
Capital Adequacy and Liquidity:
Commenting on the results, Abhay Bhutada, Managing Director, Poonawalla Fincorp, said, “The first half of FY24 has been extremely promising for us with exceptional results for the second quarter as well. We continued to build on the momentum by crossing ? 20,000 crore mark in AUM, achieving highest profitability, best-in-class asset quality and significant growth across various financial parameters. We have started offering instant personal loans through our recently launched cutting-edge mobile app, a step forward in shaping the financial landscape. We are fully prepared and excited about the journey ahead and are confident of delivering stellar performance going ahead.”
Further, Sunil Samdani, has been welcome by the company as the Whole-time Director (Executive Director), for a period of 5 (five) consecutive years effective from today.