Poonawalla Fincorp Ltd.PAT ₹375 Cr, ROA 2.18%, GNPA 1.2%

Poonawalla Fincorp reported Q2 FY27 profit after tax of ₹375 crore, up 21.8% quarter-on-quarter, with return on assets of 2.18%, up 20 basis points sequentially.

AUM was ₹74,008 crore, up 10.4% in the quarter. Net interest income including fees was ₹1,589 crore and NIM plus fees rose 16 basis points to 9.26%, helped by a portfolio yield of 14.08%. Credit cost fell to 2.19% from 2.40% and gross NPA improved to 1.20% from 1.37%, with Stage 2 at 0.94% and the 6-month-on-book 30+ delinquency of the latest cohort at 0.35%. Opex to AUM was 4.15%, reflecting front-loaded investment in collections, AI and gold loan branches.

New products were 28% of disbursements; gold loan disbursements reached ₹1,066 crore across 550 branches, with about 200 branches to be added this year. The company has 143 AI projects, 84 live. Capital adequacy was 18.68%. Management said it has passed on the 25 basis point rate increase, expects credit cost and operating leverage to keep improving over one to two years, and sees insurance commission rules as manageable.