business / news / / The Economic Times
Poonawalla Fincorp reported a sharp profit rise driven by margin expansion, higher income, and improved asset quality.
Poonawalla Fincorp's profit after tax surged 70% sequentially to Rs 255 crore in Q4 FY26.
KEY POINTS
- Assets under management crossed Rs 60,000 crore, reaching Rs 60,348 crore by end of March.
- Post Rs 2,500 crore institutional placement, simulated capital adequacy ratio is projected at 20.74%.
- The company added 19 new AI projects during the quarter, with 42 of 76 already implemented.
- Net interest margin improved to 9.05% in March quarter, up 43 basis points sequentially.
COMPANIES
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