Poonawalla Fincorp (POONAWALLA) Q4 23/24 earnings summary

Executive summary

• Achieved robust growth in FY24 with total income of ₹3,151.82 Cr, up 57% YoY, and PAT of ₹2,055.96 Cr, up 251% YoY (including exceptional items).

• Asset under management (AUM) grew 55% YoY to ₹25,003 Cr; disbursements rose 111% YoY to ₹33,289 Cr.

• Maintained strong asset quality with GNPA at 1.16% and NNPA at 0.59%, both improved YoY.

• Digital transformation and operational efficiency drove improved profitability and customer experience.

Financial highlights

• Net Interest Margin (NIM) increased to 11.2% (up 51 bps YoY).

• Operating profit rose 127% YoY to ₹1,389 Cr; PAT (excluding exceptional items) up 83% YoY to ₹1,027 Cr.

• Cost to net income ratio improved to 36.8% from 56.8% YoY.

• Capital adequacy ratio (CRAR) at 33.8%, well above the 15% regulatory requirement.

• Shareholder’s fund increased to ₹8,116 Cr.

Outlook and guidance

• Targeting to be among the top 3 NBFCs in consumer and MSME segments by 2025.

• Focus on risk-calibrated accelerated growth, digital innovation, and maintaining best-in-class asset quality.

• Continued investment in technology, human capital, and product innovation to drive sustainable growth.