Poonawalla Fincorp has released its audited financial results for the quarter and financial year ended March 31, 2026. The company reported a consolidated annual net profit of ₹541.81 crore, marking a strong financial performance. Additionally, the Board has announced key changes to its joint statutory audit team and confirmed the date for the 46th Annual General Meeting to be held on July 24, 2026. No dividend has been declared for the fiscal year.
Strong Financial Performance
For the financial year ended March 31, 2026, Poonawalla Fincorp achieved a consolidated net profit of ₹541.81 crore, a significant turnaround compared to the loss of ₹98.34 crore reported in the previous fiscal year. Total income for the year reached ₹6,795.65 crore, driven by robust growth in interest income and fees. The company’s focus on maintaining strong credit quality is evidenced by its Gross stage 3 % of 1.44% and Net stage 3 % of 0.74% as of the end of the year.
Strategic Capital Management
The company maintains a healthy capital base with a total net worth of ₹10,348.24 crore on a consolidated basis. Following the successful completion of a ₹2,500 crore Qualified Institutions Placement (QIP) in April 2026, the Board has prioritized capital conservation for future growth and has decided not to declare a dividend for FY 2025-26.
Leadership and Governance Updates
The Board has recommended the appointment of B. K. Khare & Co. as the new joint statutory auditors, with their term commencing from the conclusion of the 46th AGM. This transition follows the completion of the term for the current joint auditor, Kirtane & Pandit LLP. The company will conduct its 46th Annual General Meeting virtually on July 24, 2026, to seek necessary shareholder approvals.
Business Operations Highlights
Poonawalla Fincorp remains focused on its core financing business in India. During the year, the company successfully executed a ₹1,499.98 crore preferential issue to its promoter, Rising Sun Holdings Private Limited. Furthermore, the management has reaffirmed its commitment to divest its stake in the joint venture Jaguar Advisory Services Private Limited, continuing to classify the investment as assets held for sale.
Source: BSE
