Poonawalla Fincorp reports a strong Q2 FY2026 with AUM growth at 68% YoY. The company saw an equity infusion of approximately ₹1,500 cr, healthy momentum across products, and new products contributed 8%. The Gross NPA was reduced by 25 bps, and the distribution reach enhanced to 260+ branches.
Financial Performance Highlights
Poonawalla Fincorp showcased robust financial performance in Q2 FY2026:
- AUM reached ₹47,701 Cr, reflecting a 68.0% YoY increase and a 15.6% QoQ growth.
- Net Interest Income (NII) stood at ₹905 Cr, up by 40.3% YoY and 17.8% QoQ.
- Profit After Tax (PAT) was reported at ₹74 Cr, an increase of 18.5% QoQ.
- Pre-Provision Operating Profit (PPoP) reached ₹387 Cr, with a 38.5% YoY and 19.1% QoQ increase.
- Gross Non-Performing Assets (GNPA) improved to 1.59%, a reduction of 25 bps.
- Capital Adequacy Ratio remained healthy.
Key Business Updates
The company also provided key updates on its business operations:
- Equity infusion of approximately ₹1,500 cr through preferential allotment.
- New products contributed 8% to the overall AUM growth.
- Secured on-book mix stood at 56%.
- Opex to AUM remained stable at 4.8%.
- Distribution network expanded to over 260 branches.
New Product Performance
The company highlighted the performance of its newly launched products:
- New products disbursement contributed 17% to total disbursement.
- Commercial Vehicle Loan, Education Loan, and Shopkeeper Loan.
Source: BSE