Poonawalla Fincorp Limited has informed the Exchange about Transcript
POONAWALLA · price
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Poonawalla Fincorp reported Q1 FY26 AUM of Rs. 41,273 crores, up 53% year-on-year and 15.8% quarter-on-quarter, with total disbursements of Rs. 10,651 crores. Asset quality stayed steady with GNPA at 1.84% and credit costs improving 53 basis points to 2.61% (1.43% excluding the legacy STPL book). The company raised Rs. 5,450 crores via NCDs in the quarter, lifting NCD share of borrowings from 7% to 24%, and the promoter will infuse Rs. 1,500 crores via preferential equity at Rs. 452.5 per share. Management guided for NIM recovery to around 9% within 3-4 quarters, steady-state ROA of 3-3.5% by June 2028, and credit costs in the 1.5-2% range. New businesses including gold loans, consumer durables, commercial vehicles, and education loans are showing strong early traction with significant disbursement growth.
Strong AUM growth, falling credit costs, and a sizeable promoter capital infusion underline confidence in the long-term strategy, though NIM compression and heavy investment in new businesses will likely keep near-term profits modest. The ongoing shift toward a more secured book and longer-tenure borrowings should steadily strengthen the margin and liability profile over the medium term.