Poonawalla Fincorp Q2 profit soars five-fold YoY to Rs 375 crore
Poonawalla Fincorp reported a remarkable net profit of ₹375 crore for the second quarter, marking impressive year-on-year growth.
The company's loan portfolio expansion contributed to a stellar 75.6% rise in net interest income.
Notably, new disbursements made up 28% of the total, exceeding ₹4,400 crore.
The gross non-performing asset ratio improved to 1.2%, reflecting enhanced asset quality, while the capital adequacy ratio stood strong at 18.7%, indicating robust financial health.
5News aggregated this summary from the outlet’s public feed. The full article, with all the context, is on economictimes.indiatimes.com — the content belongs to The Economic Times.
