Poonawalla Fincorp reported a sharp jump in earnings for the September quarter, with consolidated net profit rising over five-fold year-on-year to Rs 375 crore, supported by healthy growth in income, improving margins and stable asset quality.
The non-banking financial company posted a net profit of Rs 375 crore for the second quarter of fiscal year 2027, compared with Rs 74.2 crore in the corresponding period last year. On a sequential basis, profit rose from Rs 308 crore reported in the June quarter.
Income and loan book
Total income surged 70 per cent year-on-year to Rs 2,625 crore from Rs 1,543 crore, while assets under management stood at Rs 74,008 crore as of September 30, 2026. Net interest income, including fees and other income, rose 12.3 per cent sequentially to Rs 1,589 crore, and net interest margin improved by 16 basis points quarter-on-quarter to 9.26 per cent.
Pre-provision operating profit increased 11.8 per cent sequentially to Rs 877 crore, and return on assets strengthened to 2.18 per cent in Q2 FY27 from 1.98 per cent in the previous quarter.
Asset quality improves
Gross non-performing assets fell to 1.20 per cent in Q2 FY27 from 1.37 per cent in the June quarter, while net non-performing assets declined to 0.61 per cent from 0.70 per cent. Credit cost as a percentage of average assets under management eased to 2.19 per cent from 2.40 per cent, and Stage 1 assets accounted for 97.9 per cent of the on-book loan portfolio.
The company's capital adequacy ratio stood at 18.68 per cent, with Tier-1 at 17.15 per cent, well above the regulatory requirement of 15 per cent, and it maintained a liquidity buffer of Rs 6,526 crore. The lender, which focuses on consumer and MSME finance, also said 42 new AI projects were added during the quarter, taking the total to 143 cutting-edge AI projects, of which 84 have been implemented.
Sources:
Poonawalla Fincorp Q2 Results: Net Profit Jumps Over Five-Fold To Rs 375 Crore — NDTV Profit
Poonawalla Fincorp Q2 earnings: Net profit zooms 405% — Business Today
Q2 Results 09th Oct Highlights: Poonawalla Fincorp Q2 profit surges five-fold — The Hindu BusinessLine (PTI)
The non-banking financial company posted a net profit of Rs 375 crore for the second quarter of fiscal year 2027, compared with Rs 74.2 crore in the corresponding period last year. On a sequential basis, profit rose from Rs 308 crore reported in the June quarter.
Income and loan book
Total income surged 70 per cent year-on-year to Rs 2,625 crore from Rs 1,543 crore, while assets under management stood at Rs 74,008 crore as of September 30, 2026. Net interest income, including fees and other income, rose 12.3 per cent sequentially to Rs 1,589 crore, and net interest margin improved by 16 basis points quarter-on-quarter to 9.26 per cent.
Pre-provision operating profit increased 11.8 per cent sequentially to Rs 877 crore, and return on assets strengthened to 2.18 per cent in Q2 FY27 from 1.98 per cent in the previous quarter.
Asset quality improves
Gross non-performing assets fell to 1.20 per cent in Q2 FY27 from 1.37 per cent in the June quarter, while net non-performing assets declined to 0.61 per cent from 0.70 per cent. Credit cost as a percentage of average assets under management eased to 2.19 per cent from 2.40 per cent, and Stage 1 assets accounted for 97.9 per cent of the on-book loan portfolio.
The company's capital adequacy ratio stood at 18.68 per cent, with Tier-1 at 17.15 per cent, well above the regulatory requirement of 15 per cent, and it maintained a liquidity buffer of Rs 6,526 crore. The lender, which focuses on consumer and MSME finance, also said 42 new AI projects were added during the quarter, taking the total to 143 cutting-edge AI projects, of which 84 have been implemented.
Sources:
Poonawalla Fincorp Q2 Results: Net Profit Jumps Over Five-Fold To Rs 375 Crore — NDTV Profit
Poonawalla Fincorp Q2 earnings: Net profit zooms 405% — Business Today
Q2 Results 09th Oct Highlights: Poonawalla Fincorp Q2 profit surges five-fold — The Hindu BusinessLine (PTI)
