Poonawalla Fincorp Limited — Updates, 25-10-2024: Press Release

Poonawalla Fincorp Limited reported robust financial results for Q2FY25, with Assets Under Management (AUM) rising 40% YoY to ₹28,396 crore and Net Interest Income increasing 22% YoY to ₹645 crore. The company maintained a steady Net NPA at 0.33% and improved its Provision Coverage Ratio from 52.53% to 84.47%. The CEO highlighted a strategic focus on better risk management and the expansion of product offerings from 4 to 10 over the next year, aiming for enhanced financial resilience.