Poonawalla Fincorp Q2 Results 2023 Net profit at ₹1,259 crore

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

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.

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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.

Prakash Israni
Prakash Israni

Prakash, the content creator for Techballad, has built a solid reputation for himself over the course of more than ten years of blogging