Poonawalla Fincorp climbs on reporting 81% rise in Q1 consolidated net profit
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Poonawalla Fincorp is currently trading at Rs. 377.45, up by 9.25 points or 2.51% from its previous closing of Rs. 368.20 on the BSE.
The scrip opened at Rs. 373.05 and has touched a high and low of Rs. 380.05 and Rs. 370.60 respectively. So far 217891 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 385.00 on 24-Jul-2023 and a 52 week low of Rs. 243.75 on 23-Dec-2022.
Last one week high and low of the scrip stood at Rs. 385.00 and Rs. 364.60 respectively. The current market cap of the company is Rs. 29039.49 crore.
The promoters holding in the company stood at 62.12%, while Institutions and Non-Institutions held 15.17% and 22.71% respectively.
Poonawalla Fincorp has reported 61.92% rise in its net profit at Rs 200.23 crore for first quarter ended June 30, 2023 (Q1FY24) as compared to Rs 123.66 crore for the same quarter in the previous year. Total income of the company increased by 66.03% at Rs 712.33 crore for Q1FY24 as compared Rs 429.04 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 80.64% rise in net profit at Rs 200.06 crore for the quarter ended June 30, 2023 as compared to Rs 110.75 crore for the same quarter in the previous year. Total income of the company increased by 64.39% at Rs 707.30 crore for Q1FY24 as compared Rs 430.26 crore for the corresponding quarter previous year.
