Poonawalla Fincorp Q1 Results: Profit Slumps 78% On Higher Expenditure

Poonawalla Fincorp on Friday reported 78.4% decline in June quarter net profit at Rs 63 crore, on higher expenditure.

The non-banking financial company had a net profit of Rs 292 crore in the June quarter of Fiscal 2025.

In a regulatory filing, Poonawalla Fincorp said its total income rose to Rs 1,314 crore in the quarter from Rs 996 crore a year ago. Total expenses more than doubled to Rs 1,231 crore from Rs 606 crore.

Shares of Poonawalla Fincorp closed at Rs 413.50 apiece,down 4.34% over the previous close on BSE.