Categories Earnings, Finance, Research Summary

Poonawalla Fincorp Limited Q3FY23 Earnings

A non-deposit taking NBFC, Poonawalla Fincorp Ltd, is registered with the RBI. It offers general insurance services, consumer and MSME lending, and other financial services.

Financial Results:

Poonawalla Fincorp Ltd.’s revenue in Q3FY23 rose 44% to ₹ 482 crores. Consolidated Profit After Tax came at ₹ 182 crores showcasing a 89% rise YoY over the corresponding period. In this quarter’s results, the reports suggested that the firm has continued to deliver consistent performance in all key operational and financial indicators in Q3Y23.

Management Commentary:

“It’s been 6 quarters since Magma acquisition; we have successfully completed Phase 1 of technology transformation and launched multiple new products as per our stated strategy. It has helped put in place a stable and scalable digital platform. With strong roots in place, the Company has now embarked on the phase 2 journey and on its way to launch EMI card, Credit card, and other Digital Loan offerings over the next 3 quarters through a state-of-the-art digital platform to offer superior customer experience.”

– Management in Q3FY23 Investor Presentation

Most Popular

Cochin Shipyard Ltd (COCHINSHIP) Q4 FY22 Earnings Concall Transcript

Cochin Shipyard Limited (NSE:COCHINSHIP) Q4 FY22 Earnings Concall dated May. 26, 2022 Corporate Participants: Madhu S Nair -- Chairman & Managing Director Jose V J -- Director Finance Analysts: Vastupal Shah

All you need to know about Antony Waste Handling Cell in one article

Can you guess the name of the company that was listed during the IPO frenzy in 2020 and is the second largest player in the Indian municipal waste management industry?

Demystifying the Leading Non-Ferrous Recycling Company of India

“Hey, how is the market doing today?” “Oh!, its falling tremendously since morning” I am sure news like these might be a common topic of discussion for you nowadays. Interestingly,

Top