Poonawalla Fincorp Q2 FY27 results: net profit ₹374.85 crore vs ₹74.20 crore, revenue up 70.2%

How did Poonawalla Fincorp perform in Q2 FY27?

Poonawalla Fincorp reported consolidated revenue of ₹2,624 crore for Q2 FY27, up ₹1,082 crore or 70.2% from Q2 FY26 and ₹287.58 crore or 12.3% from Q1 FY27. Net profit rose to ₹374.85 crore from ₹74.20 crore a year earlier and ₹307.71 crore in the previous quarter. Basic EPS was ₹4.27, compared with ₹0.95 and ₹3.55, respectively.

Profit before tax was ₹501.30 crore, up ₹402.41 crore or 406.9% from Q2 FY26 and ₹90.04 crore or 21.9% from Q1 FY27. The net profit margin was 14.3%, compared with 4.8% a year earlier and 13.2% in the previous quarter. EBITDA and EBITDA margin were not reported. On a standalone basis, revenue was ₹2,624.5 crore and profit after tax was ₹374.85 crore.

What changed in Poonawalla Fincorp's costs and profit?

Total expenses were ₹2,124 crore in Q2 FY27, up ₹679.66 crore or 47.1% from Q2 FY26 and ₹197.88 crore or 10.3% from Q1 FY27. Finance costs rose ₹397.64 crore or 62.3% year on year to ₹1,035 crore, while other expenses increased ₹136.82 crore or 57.1% to ₹376.39 crore. Employee cost was ₹301.50 crore, up ₹45.14 crore or 17.6%, and depreciation was ₹34.50 crore, up ₹12.03 crore or 53.5%.

Other income was ₹0.34 crore, down ₹0.13 crore or 27.7% from Q2 FY26, while the previous quarter had no other income. Tax expense rose ₹101.76 crore or 412.2% to ₹126.45 crore from ₹24.69 crore a year earlier and increased ₹22.90 crore or 22.1% from Q1 FY27. There was no exceptional item in any of the reported periods, and the filings did not state reasons for the changes in the cost lines.

How did the first half of FY27 go?

For H1 FY27, consolidated revenue was ₹4,954.72 crore, up ₹2,098.45 crore or 73.5% from ₹2,856.27 crore in H1 FY26. Total income rose 73.7% to ₹4,961.76 crore from ₹2,856.78 crore. Profit before tax increased 400.5% to ₹912.56 crore from ₹182.33 crore.

Net profit for the first half was ₹682.56 crore, compared with ₹136.8 crore in H1 FY26, an increase of ₹545.76 crore or 398.9%. Basic EPS rose to ₹7.82 from ₹1.76. The earnings release also reported AUM of ₹74,008 crore, up 55.1% year on year and 10.4% from Q1 FY27.

What do the balance sheet and cash flow show?

At 30 September 2026, total assets were ₹74,583.94 crore, compared with ₹60,271.56 crore at 31 March 2026. Total equity rose to ₹13,754.07 crore from ₹10,348.24 crore, while cash and cash equivalents fell to ₹215.98 crore from ₹286.0 crore. Borrowings were not reported in the supplied balance-sheet figures.

For H1 FY27, operating cash flow was an outflow of ₹12,763.33 crore, compared with an outflow of ₹10,692.82 crore in H1 FY26. Investing cash flow was an outflow of ₹437.61 crore versus ₹446.57 crore, while financing cash flow was an inflow of ₹13,130.92 crore against ₹11,232.79 crore. Capital expenditure was ₹67.54 crore, compared with ₹44.15 crore a year earlier.

How has Poonawalla Fincorp done over the last 8 quarters?

Revenue rose in each of the last eight quarters on a year-on-year basis, reaching ₹2,624 crore in Q2 FY27 from ₹1,057.03 crore in Q3 FY25. Profit also rose year on year in each of the last four quarters, increasing from ₹18.73 crore in Q3 FY25 to ₹374.85 crore in Q2 FY27. Both revenue and profit were at their highest levels in the reported series at the end of the period. EBITDA margin figures were not provided, so no quarterly margin trend could be assessed.

What else did the company announce?

The board approved the unaudited standalone and consolidated results for the quarter and half year ended 30 September 2026, together with the auditors’ limited-review reports and regulatory disclosures. It also filed a statement on deviations or variations in the use of Qualified Institutional Placement proceeds and said the investor presentation would be uploaded separately.

The board approved the re-appointment of independent director Kemisha Soni for a second term of three years, effective from 30 January 2027 to 29 January 2030, subject to shareholder approval by special resolution. It also approved a postal ballot notice seeking that approval. No dividend or fresh fund-raising announcement was included in the supplied same-day filings; the presentation noted that ₹2,500 crore had been raised through a Qualified Institutional Placement in April 2026.

What did Poonawalla Fincorp's management say?

Management said ROA rose to 2.18%, while AUM reached ₹74,008 crore and new products contributed 28% of disbursements. Credit cost fell 25 bps from 2.4% to 2.19%, gross non-performing assets were 1.20%, and six-month-onward 30-plus delinquency excluding gold loans was 0.35%. The gold-loan network expanded to 550 branches after 90 additions in Q2.

Management maintained its expectation that opex-to-AUM would remain within a 10–25 bps quarter-on-quarter range and said it was on track to add approximately 200 gold-loan branches in FY27. It said ROA could move higher structurally over the next 2–3 years, with NIM, credit cost and operating expenses as contributors. Management also identified continued collection, AI and branch investments, proposed insurance-commission regulation and balancing growth with profitability normalisation as risks.

CEO Arvind Kapil said, “This quarter, in my view, marks an inflection point in establishing a self-sustaining earnings engine through the structural improvements across four key dimensions.” He also said, “We are not merely experimenting with Artificial Intelligence, we're operationalizing it across the enterprise now, and across all departments.” The AI programme had 143 projects, with 84 in production.

How did Poonawalla Fincorp shares react?

After the filing, the stock rose 0.9% within five minutes, then fell 1.2% after 15 minutes and 2.4% after 30 minutes. It closed 0.1% lower on the reaction day from its pre-results close. By the next day’s close, the stock was down 1.7% from that close, and after five sessions it was down 0.1%.

On the reaction day, the median move for other NBFC stocks was 0.0%, leaving Poonawalla Fincorp 0.1 percentage points behind the industry median. By the next day’s close, the stock’s move was 2.1 percentage points below the sector median, while the Nifty Smallcap 250 was up 1.5%. Earlier result-day moves included 1.7% on 16 January 2026, 0.7% on 9 April 2026 and 2.8% on 17 July 2026.

How did other Non Banking Financial Company (NBFC) companies do?

A total of 77 NBFC companies were compared for revenue growth, with a peer median revenue growth of 21.4%. Sixty-three peers grew more slowly than Poonawalla Fincorp, while 14 grew faster. The company’s own Q2 FY27 revenue growth was 70.2%.

Profit increased for 56 of the 85 peers assessed. The peer data was available as of 4 November 2026 and covered companies that had filed for the quarter.