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04-04-2024 12:22 PM | Source: Accord Fintech
Poonawalla Fincorp surges on recording 52% growth in total disbursements during Q4FY24

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Poonawalla Fincorp is currently trading at Rs. 498.15, up by 3.40 points or 0.69% from its previous closing of Rs. 494.75 on the BSE.

The scrip opened at Rs. 503.95 and has touched a high and low of Rs. 506.00 and Rs. 495.00 respectively. So far 221613 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 519.95 on 19-Jan-2024 and a 52 week low of Rs. 285.40 on 10-Apr-2023.

Last one week high and low of the scrip stood at Rs. 506.00 and Rs. 468.85 respectively. The current market cap of the company is Rs. 38584.24 crore.

The promoters holding in the company stood at 62.07%, while Institutions and Non-Institutions held 13.36% and 24.56% respectively.

Poonawalla Fincorp’s total disbursements reported 52% growth to around Rs 9,680 crore in Q4FY24 as compared to Rs 6,371 crore in Q4FY23. In Q3FY24, total disbursement stood at Rs 8,731 crore. Its Assets Under Management (AUM) grew by 54% Year-on-Year (Y-o-Y) and 13% Quarter on Quarter (Q-o-Q) to around Rs 24,800 crore as on March 31, 2024.

The company continues to have ample liquidity of around Rs 3600 crore as on March 31, 2024. Gross Non-Performing Assets (GNPA) and Net Non-Performing Assets (NNPA) are expected to improve further and be less than 1.20% & less than 0.60% respectively.

Poonawalla Fincorp (Formerly known as Magma Fincorp) is a non-deposit taking systemically important non-banking finance Company (ND-SI-NBFC), registered with the Reserve Bank of India (RBI).