Non-banking financial company Poonawalla Fincorp Ltd on Friday (October 9) reported a 406.5% year-on-year increase in net profit to ₹374.8 crore in Q2FY27, compared with ₹74 crore in the year-ago quarter.
Net interest income (NII) rose 75.7% year-on-year to ₹1,589 crore from ₹905 crore. Profit after tax (PAT) increased 21.8% quarter-on-quarter to ₹375 crore in Q2FY27 from ₹308 crore in Q1FY27. Pre-provision operating profit (PPOP) expanded 11.8% sequentially.
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Assets under management (AUM) stood at ₹74,008 crore, registering a 12.3% QoQ and 75.6% year-on-year (YoY) increase. New products contributed 18% to AUM, with the company reporting healthy momentum across its retail lending products. The secured on-book mix stood at 52%.
Asset quality improved, with gross non-performing assets (GNPA) declining 17 basis points (bps) quarter-on-quarter and 39 bps year-on-year to 1.20%. The company reported no accelerated write-offs during the quarter. Return on assets (ROA) stood at 2.18%, improving 20 bps QoQ and 149 bps YoY.
Poonawalla Fincorp reported a capital adequacy ratio (CAR) of 18.68% and leverage of 4.30 times. The secured on-book mix stood at 52%.
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Poonawalla Fincorp’s debt-to-equity ratio stood at 4.30 times as of September 30, 2026, following the capital raise. The company aims to continue growing its assets under management (AUM) at a compound annual growth rate (CAGR) of around 35-40% over the next couple of years.
Its Personal Loan (PL Prime) business reported an average monthly disbursement of around ₹577 crore in Q2FY27, compared with approximately ₹537 crore in Q1FY27.
Poonawalla Fincorp has expanded its gold loan branch network to 550 branches to strengthen its distribution reach. Its sourcing channels include direct selling agents (DSAs), digital platforms, tele-calling and its in-house sales team. The company also reported continuous improvement in return on assets (ROA).
Shares of Poonawalla Fincorp Ltd ended at ₹448.00, up by ₹9.80, or 2.24%, on the BSE.
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