45th Annual General Meeting of the Company to be held on July 29, 2025
Awaiting price reaction for this filing.
The Board of Poonawalla Fincorp approved audited consolidated and standalone results for FY25 (year ended March 31, 2025). Consolidated revenue from operations rose ~35% YoY to ₹4,189.76 crore (FY24: ₹3,109.01 crore), driven mainly by interest income growth. However, the company swung to a consolidated net loss of ₹98.34 crore versus a profit of ₹1,651.51 crore in FY24, largely due to a sharp jump in impairment on financial instruments to ₹1,458.17 crore (FY24: ₹444.42 crore). The Board skipped dividend for FY25 to conserve capital for growth. The 45th AGM is set for July 29, 2025 via video conferencing. Joint statutory auditors Kirtane & Pandit LLP and MSKA & Associates issued an unmodified (clean) opinion, replacing previous auditor Walker Chandiok & Co LLP. Additionally, SIUT & Co LLP was appointed as Secretarial Auditor for 5 years, and ESOP 2024 Scheme-II pool was increased from 2 crore to 3.25 crore stock options, subject to shareholder approval.
Despite strong top-line growth, the large credit impairment charge dragged the company into a loss, which may concern shareholders, though no dividend skip signals reinvestment focus. The clean auditor opinion is reassuring, but rising loan book (₹32,694.96 cr vs ₹22,046.41 cr) and higher borrowings warrant close watch on asset quality.