Poonawalla Fincorp’s disbursements during Q1FY23 surpassed Q4FY22 disbursements as Company witnessed significant business momentum during the quarter. Disbursements for Q1FY23 were at around Rs 3,430 crore, which is up 98% year-on-year (YoY). FY22 disbursements stood at around Rs 9,494 crore.
The company’s Assets Under Management (AUM) was at around Rs 17,690 crore as of June 30, 2022, implying growth of 23% YoY and 7% QoQ. The AUM for the subsidiary, Poonawalla Housing Finance, stood at around Rs 5,285 crore. The Company continues to have ample liquidity of around Rs 4,500 crore as on June 30, 2022.
Poonawalla Fincorp (Formerly known as Magma Fincorp) is a non-deposit taking systemically important non-banking finance Company (ND-SI-NBFC), registered with the Reserve Bank of India (RBI).
