Poonawalla Fincorp Ltd reported consolidated revenue of ₹18.18 billion and net profit of ₹1.5 billion for the December quarter. Alongside robust financial performance, the company approved issuance of shares worth up to ₹55 billion and plans to raise ₹200 billion via non-convertible debentures (NCDs) on a private placement basis.
Poonawalla Fincorp Ltd has announced its December quarter results, highlighting steady growth in revenue and profitability. The company also unveiled significant fundraising initiatives aimed at strengthening its capital base and supporting future expansion.
Key Highlights
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Revenue Performance: Consolidated revenue from operations stood at ₹18.18 billion, reflecting strong business momentum.
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Profitability: Net profit for the quarter reached ₹1.5 billion, underscoring operational efficiency and resilience.
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Equity Issuance: The board approved issuance of shares not exceeding ₹55 billion, signaling confidence in long-term growth.
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Debt Strategy: Plans to issue ₹200 billion worth of non-convertible debentures (NCDs) on a private placement basis, enhancing funding flexibility.
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Strategic Outlook: These measures are expected to bolster the company’s balance sheet and provide resources for expansion in financial services.
The combination of solid quarterly results and ambitious fundraising plans positions Poonawalla Fincorp for sustained growth, reinforcing its role as a key player in India’s non-banking financial sector.
Sources: Reuters, Poonawalla Fincorp Ltd financial disclosures