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Poonawalla Fincorp Ltd Q2FY24; 428% rise in Profits

Poonawalla Fincorp Limited (erstwhile Magma Fincorp Limited) is a non-deposit taking NBFC registered with RBI. It is engaged in providing consumer and MSME financing, as well as General Insurance services.

Financial Results:

  • Poonawalla Fincorp Ltd reported Revenues for Q2FY24 of ₹739.00 Crores up from ₹455.00 Crore year on year, a rise of 62.42%.
  • Total Expenses for Q2FY24 of ₹438.00 Crores up from ₹307.00 Crores year on year, a rise of 42.67%.
  • Consolidated Net Profit of ₹860.00 Crores up 427.61% from ₹163.00 Crores in the same quarter of the previous year.
  • The Earnings per Share is ₹11.20, up 425.82% from ₹2.13 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.
*The presented data is automatically generated. It may occasionally generate incorrect information.

Tags: Finance
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