A non-deposit taking NBFC registered with the RBI is Poonawalla Fincorp Limited (formerly known as Magma Fincorp Limited). It offers general insurance services, consumer and MSME lending, and other financial services.
Financial Results:
- Poonawalla Fincorp Ltd. reported Total Income for Q4FY23 of ₹ 580.71 Crores up from ₹ 399.22 Crore year on year, a rise of 45%.
- Total Expenses for Q4FY23 of ₹ 344.86 Crores up from ₹ 281.76 Crores year on year, a rise of 22%.
- Consolidated Net Profit of ₹ 236.21 Crores, up 101% from ₹ 117.46 Crores in the same quarter of the previous year.
- The Earnings per Share is ₹ 2.57, up 68% from ₹ 1.53 in the same quarter of the previous year.