Total income increased by 49% year-over-year to Rs 774 crore during the period under review. Net interest margin (NIM) as on 31 December 2023 was at 11.02%, an improvement of 33 bps YoY.

Operating profit rose by 125% to Rs 350 crore in Q3 FY24 from Rs 156 crore in Q3 FY23.

The company recorded quarterly disbursement of Rs 8,731 crore, up 159% YoY.

Poonawalla Fincorp's assets under management (AUM) as on 31 December 2023 stood at Rs 21,946 crore, up 58% YoY.

On the asset quality front, gross NPA ratio and the net NPA ratio at the end of October-December 2023 quarter stood at 1.33% (down 36 basis points YoY) and at 0.70% (down 19 basis points YoY).

As on 31 December 2023, capital adequacy ratio stood at 38.2%.

The company had a liquidity buffer of Rs 2,973 crore as of 31 December 2023.

The board of Poonawalla Fincorp has declared an interim dividend of Rs 2 per equity share for FY2023-24.

Abhay Bhutada, managing director, Poonawalla Fincorp, said, “We continued to showcase exemplary growth in Q3FY24 with highest ever quarterly disbursement & profit and strong AUM growth while maintaining a superior asset quality. Our recently launched mobile app has gained significant traction thereby helping us build a robust distribution ecosystem.”

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 company’s financial services offerings include pre-owned car finance, personal loans, loan to professionals, business loans, loan against property, supply chain finance, machinery loans, medical equipment loans and consumer loans.