Poonawalla Fincorp Limited has informed the Exchange regarding Outcome of Board Meeting held on July 25, 2025.
POONAWALLA · price
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On the reaction day the stock moved 2.9 pts more than Nifty Smallcap 250 and 2.7 pts more than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Poonawalla Fincorp's board approved Q1FY26 unaudited results, with total income rising ~32% YoY to Rs. 1,314.01 crore, driven by ~32% growth in interest income. However, profit after tax fell sharply by ~79% YoY to Rs. 62.60 crore due to a near-fivefold jump in impairment on financial instruments (Rs. 241.08 crore vs Rs. 42.49 crore) and higher finance costs and employee expenses. The board approved raising ~Rs. 1,500 crore via preferential allotment of 3.31 crore equity shares to promoter Rising Sun Holdings at Rs. 452.51 per share, subject to shareholder approval via postal ballot. The NCD issuance limit for FY26 was doubled from Rs. 10,000 crore to Rs. 20,000 crore, and the overall borrowing limit was proposed to be raised from Rs. 50,000 crore to Rs. 75,000 crore. Debt-equity ratio stood at 3.72 (standalone) with Gross Stage 3 assets at 1.84%.
Strong revenue growth and promoter-led capital infusion signal confidence in the NBFC's growth, but the sharp PAT decline and elevated credit costs may concern investors. Existing shareholders will see dilution with the promoter's stake rising from 62.46% to 63.99%; shareholder approval via postal ballot is required for the preferential issue and the higher borrowing limits.