The assets under management (AUM) of the company rose 28% YoY and 6% QoQ to ₹13,929 crore. The NBFC also registered highest ever quarterly disbursements at ₹3,369 crores, up by 157% YoY and 8% QoQ.
On the asset quality front, gross non-performing assets (NPA) stood at 1.69%, down by 236 bps YoY and 8 bps QoQ. In a similar trend, net NPA was at 0.89%, down by 108 bps YoY and 5 bps QoQ.
CA Abhay Bhutada, Managing Director, said “We are thrilled to be in the middle of this high growth phase with improved asset quality and sustainable profitability for PFL. The quarter gone by, witnessed all round performance on the back of relentless execution with highest ever disbursement, PAT and ROA leading us to high growth trajectory.”
“Q3FY23 also marked the announcement of sale of our housing subsidiary as PFL continues to focus on building a Tech-Led Digital-First financial services company, with leadership position in consumer and MSME financing. As per our long-term guidance on financial metrics, we expect AUM growth of 35-40% with RoA of 4-4.5% as we continue to build a strong retail franchise,” he added.
Poonawalla Fincorp is a three decade old non-deposit taking systemically important non-banking finance company (ND-SI-NBFC), registered with the Reserve Bank of India (RBI). Consequent to the capital raise of ₹3,456 Crores in May 2021, the company is now part of the Cyrus Poonawalla Group with a majority stake owned by Rising Sun Holdings Private Limited, a company owned and controlled by Adar Poonawalla. The company has a standalone AUM of ₹13,929 crore and employs more than 3,000 people. It offers financial services including pre-owned car finance, personal loans, loan to professionals, business loans, SME LAP, supply chain finance, medical equipment and consumer loans.
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