Poonawalla Fincorp Limited has informed the Exchange about Credit Rating
POONAWALLA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
CRISIL has reaffirmed Poonawalla Fincorp's long-term rating at CRISIL AAA/Stable and short-term rating at CRISIL A1+, while assigning new AAA/Stable ratings to Rs 750 crore subordinated debt and Rs 8,000 crore non-convertible debentures. The total bank loan facility rated has been more than doubled from Rs 5,785 crore to Rs 12,285 crore, and the commercial paper limit has been enhanced from Rs 6,500 crore to Rs 7,500 crore. The ratings reflect expected support from the Cyrus Poonawalla promoter group (Rising Sun Holdings) given its 62.53% stake, healthy capitalization with networth of Rs 8,124 crore, and a 43% AUM growth to Rs 35,631 crore in FY25. Key concerns include a net loss of Rs 98 crore in FY25 due to Rs 666 crore one-time provisioning on the short-term personal loan book, and GNPA inching up to 1.84% from 1.16%.
Positive for shareholders — the highest AAA credit rating reaffirmed with significantly enhanced borrowing limits signals strong lender confidence and lower future funding costs, though the FY25 net loss and rising NPAs in the unsecured book are points to monitor.