Poonawalla Fincorp’s profit jumps 84% in Q4

(20 second reading) Poonawalla Fincorp on April 29 reported its highest-ever quarterly net profit from continuing operations at Rs 332 crore in the quarter ended March 31, which was 84 percent high year-on-year and up by 25 percent sequentially.
For the financial year 2023-24, the company reported its highest-ever annual net profit of Rs 1,027 crore, rising 83 percent YoY.
The total revenue stood at Rs 915 crore compared to Rs 577 crore in the year-ago period.
The non-banking financial company also reported a YoY growth of 55 percent in assets under management to Rs 25,003 crore in the reported quarter.