On standalone basis, the NBFC's net profit jumped 103% to Rs 181 crore on a 45.91% increase in total income to Rs 581.15 crore in Q4 FY23 over Q4 FY22.

Net interest margin (NIM) improved by 87 bps YoY and 59 bps QoQ to 11.3% in Q4 FY23.

Assets Under Management (AUM) for Q4 FY23 increased to Rs 16,143 crore, recording a growth of 37% YoY and 16% QoQ. The company reported its highest ever quarterly disbursements at Rs 6,371 crore, up by 151% YoY and 89% QoQ.

Pre-provision operating profit (PPOP) was at Rs 212 crore, up 84% YoY and 365 QoQ during the period under review.

On asset quality front, gross non performing assets (NPA) stood at 1.44% reduced 185 Bps YoY and 25 Bps QoQ. Net NPA increased by 52 bps YoY and 11 bps QoQ to 0.78% in Q4 FY23.

Liquidity buffer stood at Rs 3,001 crore as of March 31, 2023 and Capital Adequacy Ratio stood at 39% as of March 31, 2023.

The board has recommended a dividend of Rs 2 per share for FY23, subject to shareholders' approval.

CA Abhay Bhutada, managing director, said "FY23 has been a year of exemplary performance across business growth, credit quality and profitability. Our strong fundamentals and execution are reflected in our credit rating upgrade to AAA by both CRISIL and CARE. With an efficient cost of borrowing, lower operating cost, controlled credit cost and a branch-lite tech-led model, we are well poised to deliver a sustainable and exceptional performance."

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 scrip declined 2.53% to Rs 308.45 on the BSE.