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Poonawalla Fincorp reports 45% rise in Q3 consolidated net profit

19 Jan 2024 Evaluate

Poonawalla Fincorp has reported results for third quarter ended December 31, 2023 (Q3FY24). 

The company has reported 76.27% rise in net profit at Rs 265.14 crore for the quarter ended December 31, 2023 as compared to Rs 150.42 crore for the same quarter in the previous year. Total income of the company increased by 49.00% at Rs 773.76 crore for Q3FY24 as compared Rs 519.31 crore for corresponding quarter of the previous year.

On consolidated basis, the company reported 45.33% rise in its net profit at Rs 265.14 crore for Q3FY24 as compared to Rs 182.44 crore for the same quarter in the previous year. Total income of the company increased by 49.84% at Rs 773.76 crore for Q3FY24 as compared Rs 516.40 crore for corresponding quarter of the previous year.

Peers
Company Name CMP
Bajaj Finance 1034.20
Shriram Finance 1028.00
Aditya Birla Capital 398.60
Tata Capital 362.80
Chola Invest & Fin. 1845.00
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