Poonawalla Fincorp shares rise after Q4 results show strong profit growth
Poonawalla Fincorp shares moved up around 6% after the company reported strong profit growth for Q4FY26. Net profit rose to Rs 255 crore from Rs 62 crore in the same quarter last year, while net interest income, including fees and other income, increased nearly 79% YoY to Rs 1,276 crore. Assets under management (AUM) also crossed Rs 60,348 crore, reflecting close to 69% YoY growth.
According to the update, gross NPA improved to 1.44% from 1.51% in the previous quarter, while net NPA stood at 0.74%. The company also mentioned continued expansion across segments like gold loans, education loans, business loans, and loans against property. Gold loan branches increased to 400 during the quarter.
Another point highlighted was the increase in AI-related projects across operations and customer servicing. The company added 19 new AI initiatives during the quarter, taking the total to 76 AI projects, with 42 already implemented. Interesting to see how the market reacts over the next few sessions, especially with NBFC stocks staying active this earnings season.