Sequentially, the disbursements climbed 89% in Q4 FY23 as compared with Rs 3,369 crore posted in Q3 FY23.

Direct Digital Program (DDP) continued a healthy trajectory, contributing 81% of the total disbursements in Q4 FY23 compared to 66% in Q3 FY23, 54% in Q2 FY23, 39% in Q1 FY23 and 24% in Q4 FY22.

Assets under management (AUM) stood at Rs 16,120 crore as of 31 March 2023, recording a growth of 37% YoY and 16% QoQ. The NBFC witnessed rise in AUM despite sharp reduction in the discontinued loan book. Discontinued onbook reduced to approximately Rs 625 crore as on 31 March 2023.

On asset quality front, the gross non-performing assets (GNPA) and net non-performing assets (NNPA) are expected to further to less than 1.55% and 0.85% respectively as on 31 March 2023. As guided, the company would strive to maintain the NNPA below 1% in line with its Management Vision 2025.

The company said that it continues to have ample liquidity of approximately Rs 3,000 crore as on 31 March 2023.

Poonawalla Fincorp stated in the press release, “We continued strong growth momentum during Q4FY23 by achieving highest ever quarterly disbursement through 100% organic route, highest ever customer acquisition with best-in-class asset quality and continue to have amongst the lowest cost of funds. This sets us on course to achieve the stated Vision 2025 on a standalone basis with focus on growth, asset quality and profitability”

On full year basis, the NBFC's total disbursements grew by 109% year on year to approximately Rs 15,750 crore in FY23.

Poonawalla Fincorp is a Cyrus Poonawalla group promoted non-deposit taking systemically important non-banking finance company (ND-SI-NBFC), registered with the Reserve Bank of India (RBI).

The NBFC's consolidated net profit jumped 89.12% to Rs 182.44 crore on 38.86% rise in total income to Rs 716.23 crore in Q3 FY23 over Q3 FY22.

Shares of Poonawalla Fincorp rose 0.40% to Rs 292.20 on the BSE.