Poonawalla Fincorp zooms on reporting 2- fold jump in Q4 consolidated net profit
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Poonawalla Fincorp is currently trading at Rs. 325.30, up by 17.50 points or 5.69% from its previous closing of Rs. 307.80 on the BSE.
The scrip opened at Rs. 310.00 and has touched a high and low of Rs. 327.70 and Rs. 310.00 respectively. So far 218878 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 338.00 on 11-Oct-2022 and a 52 week low of Rs. 209.15 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 327.70 and Rs. 306.05 respectively. The current market cap of the company is Rs. 24846.94 crore.
The promoters holding in the company stood at 62.14%, while Institutions and Non-Institutions held 13.25% and 24.61% respectively.
Poonawalla Fincorp has reported 2- fold jump in its net profit at Rs 180.69 crore for fourth quarter ended March 31, 2023to Rs 89.12 crore for the same quarter in the previous year. Total income of the company increased by 45.91% at Rs 581.15 crore for Q4FY23 as compared to Rs 398.29 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 2- fold jump in its net profit at Rs 180.37 crore for fourth quarter ended March 31, 2023 as compared to Rs 89.81 crore for the same quarter in the previous year. Total income of the company increased by 45.46% at Rs 580.71 crore for Q4FY23 as compared to Rs 399.22 crore for the corresponding quarter previous year.
For the year ended March 31, 2023, the company has reported rise of 99.50% in its net profit at Rs 584.94 crore as compared to Rs 293.20 crore for the previous year. Total income of the company increased by 28.27% at Rs 2010.03 crore for year under review as compared to Rs 1567.08 crore for year ended March 31, 2022.
For the year ended March 31, 2023, on the consolidated basis, the company has reported 91.19% rise in its net profit at Rs 569.81 crore as compared to Rs 298.03 crore for the previous year. Total income of the company increased by 27.85% at Rs 2008.28 crore for year under review as compared to Rs 1570.87 crore for year ended March 31, 2022
