Poonawalla Fincorp Soars with 42.2% AUM Growth to ₹355.50 Billion

Poonawalla Fincorp Limited has announced a remarkable growth in its Assets Under Management (AUM), reaching ₹355.50 billion as of March 31, marking a significant 42.2% increase year-over-year. This robust expansion underscores the company's strategic focus on consumer and MSME finance, positioning it as a major player in the non-banking financial sector.

 

Key Highlights:

 

AUM Growth: The AUM has surged by 42.2% year-over-year, reflecting strong lending operations and market penetration.

 

Disbursements: Poonawalla Fincorp has consistently reported high disbursements, with previous quarters showing significant increases, indicating a strong demand for its financial products.

 

Asset Quality: The company aims to maintain high asset quality, with efforts to keep Gross and Net NPAs at optimal levels, ensuring sustainable profitability.

 

Liquidity Position: Poonawalla Fincorp maintains ample liquidity, providing a solid foundation for future growth and expansion plans.

 

The company's performance is a testament to its successful transformation and strategic vision, aligning with its Management Vision 2025. This growth trajectory positions Poonawalla Fincorp for continued success in the competitive NBFC landscape.

 

Source Name: Business Standard, CNBC TV18, BusinessWire India.