Mumbai, January 31, 2025 – Poonawalla Fincorp Limited (BSE: 524000, NSE: POONAWALLA) reported its unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2024. The company's board has also approved the issuance of non-convertible debt securities worth ₹10,000 crore on a private placement basis.
Key Financial Highlights (Q3 FY25)
| Particulars | Standalone (₹ Cr.) | Consolidated (₹ Cr.) |
|---|---|---|
| Revenue from Operations | 1,687.2 | 1,721.6 |
| Net Profit (PAT) | 168.77 | 168.77 |
| Net Worth | 7,821.2 | 7,852.7 |
| Earnings Per Share (EPS) | ₹0.28 | ₹0.28 |
| Gross Non-Performing Assets (GNPA) | 1.85% | 1.85% |
- Revenue Growth: The company witnessed steady revenue growth driven by strong loan disbursements and improved asset quality.
- Profitability: The net profit for Q3 FY25 stood at ₹168.77 crore, reflecting resilience in core operations.
- Asset Quality: The Gross NPA remained stable at 1.85%, showcasing strong risk management.
Fundraising Approval – ₹10,000 Crore Non-Convertible Debt Issuance
The board has approved raising ₹10,000 crore through non-convertible debt securities via private placement for FY 2025-26. These funds will be utilized for business expansion, capital adequacy, and loan book growth. The issuance will be listed on BSE and NSE, ensuring market transparency.Debt Instrument Details
- Types of Securities: NCDs, Market-Linked Debentures, Bonds, and Perpetual Debt Instruments (eligible for Tier I capital).
- Listing: BSE & NSE.
- Tenure & Interest Rate: To be finalized by the finance committee.
- Security Cover: Assets pledged per SEBI regulations.
Auditor's Review & Corporate Governance
The company’s financials were jointly audited by MSKA & Associates and Kirtane & Pandit LLP, who issued an unmodified opinion. The auditors confirmed compliance with SEBI Listing Regulations and adequate financial disclosures.Strategic Outlook
Poonawalla Fincorp remains committed to aggressive expansion, digital transformation, and strengthening its loan portfolio. The proposed fundraise will enhance liquidity and fuel growth, reinforcing the company’s position in the NBFC sector.With stable asset quality, improved profitability, and strategic fundraising initiatives, the company aims for sustained growth and value creation for shareholders.
Stock Market Impact: The announcements could drive positive investor sentiment given the company’s strong financials and growth roadmap.