Poonawalla Fincorp reported a substantial increase in its September-quarter earnings, with net profit rising to approximately Rs.374.85 crore from around Rs.74 crore in the corresponding period last year. Net interest income increased 75.7% YoY to Rs.1,589 crore, while assets under management stood at Rs.74,008 crore.
The company’s reported numbers place it among the financial-services businesses attracting attention at the start of the week. Investors will assess whether the growth in lending income can be sustained and how asset quality, borrowing costs and credit demand develop in subsequent quarters.
