In this article, we will discuss the Poonawalla Fincorp Quarter 2 results. The results have been recently released. The results were announced after the market’s close as today is Saturday. The Poonawalla Fincorp Ltd shares ended up at ₹376.15 and down by ₹0.80 or 0.21 on the Bombay Stock Exchange (BSE). This time Adar Poonawalla controlled the non-banking finance company Poonawalla Fincorp Ltd on 20th October 2023, Friday. The results of quarter 2 Poonawalla Fincorp are currently going viral and the results have shaken up the market. Now to know everything regarding the Poonawala Fincorp quarter 2 results and some more details regarding the current status of the market.
Poonawalla Fincorp Q2 Results 2023
According to the reports, Adar Poonawalla controlled the non-banking finance company Poonawalla Fincorp Lts on this Friday as it is reported that there is a net profit of ₹1,258.9 crore for the Q2 which ended on 30th September 2023. There is a huge jump in the net profit because of the expected profit of ₹1,221.2 crore in Quarter 2. As per the corresponding quarter of 2022, Poonawalla Fincorp has released a net profit of ₹1631.1 crore. This information has been shared by the company. It has been reported that the Net interest income (NII), is a huge difference between the interest income which has a bank earned for the ending activities and it has the interest which has been paid to depositors. Continue reading till last.
As per the source, there is a huge jump of 18.7% which is coming at the ₹359.2 crore which is against the ₹445.9 crore in FY23 of the corresponding quarter. The reports have shown that the gross non-performing asset has now stood up at 1.36% in the September 2023 quarter which is against the 1.42% in the June 2023 quarter. Also, the net non-performing asset (NNPA) has come at a total of 0.72% against 0.76% quarter to quarter. The NPA gross has stood up at ₹266 crore against ₹245 crore quarter on quarter and the net NPA has stood up at ₹140 crore against ₹131 crore quarter on quarter.
The Poonawalla Fincorp has achieved the highest quarterly disbursement of ₹7,807 crore at 151 YoY and also on 11% QoQ. The company Assets Under Management have been stood up at ₹20,215 crore which is up to 54% YoY and 14% QoQ. These results have been officially announced after the closing time of the market. The reports have clearly shown that the shares of Poonawalla Fincorp Limited have ended up at ₹376.15 and one by ₹0.80 or 0.21 on the Bombay Stock Exchange. More information regarding the current market status is going to be shared very soon on this same page.