Poonawalla Fincorp Q1 Update: AUM Grew 52% To Rs 26,970 Crore
Poonawalla Fincorp Ltd's. total disbursement rose 5% to Rs 7,400 crore in the first quarter of fiscal 2025, according to a business update on Thursday. This compares with Rs 7,063 crore for the same period last year.
Assets under management for the company grew by 52% to Rs 26,970 crore for the April-June quarter, the statement said.
The gross non-performing asset of the lender is expected to be less than 1%, while the net non-performing assets is also expected to be below 0.50%.
The Pune-based company has ample liquidity of Rs 5,200 crore, as on June 30, it said.
Shares of Poonawalla Fincorp closed 0.07% lower at Rs 416.60 apiece, as compared to 0.08% gains in the country's benchmark BSE Sensex 30.
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