Poonawalla Fincorp Ltd., a prominent non-banking financial company (NBFC), reported exceptional financial results for the September 2026 quarter (Q2FY27). The company announced a staggering 405% year-on-year increase in its net profit, reaching ₹374.85 crore, up from ₹74.20 crore in the corresponding period of the previous fiscal year.
Strong Revenue Growth and Financial Metrics
The NBFC's robust performance was also reflected in its revenue, which grew by 70.17% year-on-year to ₹2,624.50 crore, compared to ₹1,542.30 crore in Q2FY26. This significant revenue expansion underscores the company's strong operational momentum.
Other key financial indicators also demonstrated strength. Poonawalla Fincorp's Assets Under Management (AUM) stood at an impressive ₹74,008 crore. The Return on Assets (RoA) strengthened to 2.18%, indicating efficient asset utilization. Furthermore, Net Interest Income (NII) saw a healthy quarter-on-quarter growth of 12.3%, reaching ₹1,589 crore during the quarter.
Improved Asset Quality
In terms of asset quality, Poonawalla Fincorp continued to show positive trends. Gross Non-Performing Assets (GNPAs) improved, falling to 1.20% in Q2FY27 from 1.37% in the preceding quarter (Q1FY27). Similarly, Net Non-Performing Assets (NNPAs) also saw a decline, slipping to 0.61% in Q2FY27 from 0.70% in Q1FY27, highlighting effective risk management and recovery efforts.
Market Reaction
The earnings announcement, made after market hours on October 9, 2026, was met positively by investors. Poonawalla Fincorp's stock closed 2.24% higher at ₹448.05 on the day of the announcement, with the firm's market capitalization reaching ₹39,455 crore.