Poonawalla Fincorp posts Rs 118 cr Q4 profit

The NBFC had reported a net loss of Rs 647.70 crore in the same quarter a year ago

AgenciesUpdated: Thursday, May 12, 2022, 11:26 PM IST
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Total revenue from operations was down by 11 percent at Rs 512.20 crore in Q4 FY22 / Representational Image |

Poonawalla Fincorp on Thursday reported a consolidated net profit of Rs 118.9 crore for the quarter ended March.

The non banking finance company had reported a net loss of Rs 647.70 crore in the same quarter a year ago.

Total revenue from operations was down by 11 percent at Rs 512.20 crore in Q4 FY22, as against Rs 572.80 crore in the same period of FY21, the company said in a release.

The company's board has recommended a dividend payment of 20 percent, subject to shareholders' approval, it said.

Assets under management (AUM) for FY22 increased to Rs 16,579 crore, recording a growth of 17 percent over FY21, while disbursements stood at Rs 9,494 crore, growing by 158 percent over FY21.

The company said its housing subsidiary Poonawalla Housing Finance Limited (PHFL) crossed the Rs 5,000-crore AUM mark in March 2022.

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