Poonawalla Fincorp’s total disbursements reported 52% growth to around Rs 9,680 crore in Q4FY24 as compared to Rs 6,371 crore in Q4FY23. In Q3FY24, total disbursement stood at Rs 8,731 crore. Its Assets Under Management (AUM) grew by 54% Year-on-Year (Y-o-Y) and 13% Quarter on Quarter (Q-o-Q) to around Rs 24,800 crore as on March 31, 2024.
The company continues to have ample liquidity of around Rs 3600 crore as on March 31, 2024. Gross Non-Performing Assets (GNPA) and Net Non-Performing Assets (NNPA) are expected to improve further and be less than 1.20% & less than 0.60% respectively.
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).
