X

Poonawalla Fincorp Ltd Q3FY24; 46% 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 Q3FY24 of ₹763.00 Crores up from ₹498.00 Crore year on year, a rise of 53.21%.

Total Expenses for Q3FY24 of ₹417.00 Crores up from ₹318.00 Crores year on year, a rise of 31.13%.

Consolidated Net Profit of ₹265.00 Crores up 45.6% from ₹182.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹3.45, up 44.96% from ₹2.38 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.

Related Post