Poonawalla Fincorp Limited — Credit Ratings, 29-05-2025: Credit Rating

CARE Ratings has reaffirmed Poonawalla Fincorp Limited’s credit ratings with a stable outlook, reflecting strong promoter support from the Cyrus Poonawalla group and solid financial flexibility. Despite a rise in gross NPAs in the smaller personal loan segment, asset quality has improved recently, backed by sound underwriting and adequate provisioning of ₹1,458 crore. The company’s AUM expanded to ₹35,631 crore, driven by diversified products and a tech-enabled ‘phygital’ approach. Healthy capitalization with a tangible net worth of ₹7,892 crore and gearing of 3.28x provides room for expansion. The stable rating sustains investor confidence and helps maintain access to competitive borrowing costs.