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Poonawalla Fincorp Q2 Review: Nirmal Bang Maintains 'Sell', Sees 19% Downside — Here's Why
Nirmal Bang maintains an unchanged 3.3x multiple on Poonawalla Fincorp with a trimmed target price and a Sell rating.
20 Oct 2025, 09:31 AM IST 
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Poonawalla Fincorp reported a remarkable turnaround from Rs 4.7 billion loss in Q2 FY25 to Rs 0.7 billion profit in Q2 FY26 (Photo source: Poonawalla Fincorp website)
Poonawalla Fincorp has undergone a senior management change, with a new MD and leadership team in place, and has consolidated its business lines leading to calibrated disbursement growth. In Q2 FY26, AUM grew by a robust 68% YoY to Rs 478 billion, driven by strong traction across both existing and newly-launched verticals.
