Latest news with #ArvindKapil
Time of India
28-04-2025
- Business
- Time of India
Poonawalla Fincorp shares in focus after Q4 profit plunges 81% YoY; NII rises 12%
Poonawalla Fincorp shares will be in focus on Monday after the company reported an 81% year-on-year (YoY) decline in net profit to Rs 62.33 crore for the March 2025 quarter, compared to Rs 332 crore a year ago. The steep drop was mainly due to a sharp rise in expenses, which more than doubled over the same period. Despite the profit slump, the company delivered double-digit growth in its net interest income (NII) and assets under management (AUM). Poonawalla Fincorp's NII for the January–March quarter rose 12% YoY and 6% quarter-on-quarter (QoQ) to Rs 715 crore, while AUM stood at Rs 35,631 crore at the end of the quarter, registering a 43% YoY and 15% QoQ increase. Growth in AUM remained strong, with momentum across all products, according to a company filing to the exchanges. Also Read: 25 Transformative Investment Ideas: RIL, SBI among HDFC Securities' high-conviction stock picks Live Events Expenses surged to Rs 1,093 crore from Rs 536.26 crore a year earlier, led by higher finance costs and impairment charges. However, the company improved its on-book mix to 57% from 54% sequentially, launched six new businesses, and saw a 27% QoQ reduction in credit costs. Sequentially, PAT also improved. The Capital Adequacy Ratio (CAR) stood at 22.94% at the end of Q4FY25. Pre-Provision Operating Profit (PPoP) rose 19% YoY and 11% QoQ to Rs 333 crore, while Gross NPA slightly improved by 1 basis point to 1.84%. Also Read: Stocks in news: Ultratech Cement, Adani Green, RIL, IDFC First Bank, Hindustan Zinc For the full financial year, NII grew 23% YoY to Rs 2,708 crore and PPoP rose 2% YoY to Rs 1,417 crore, despite increased investments in new businesses and a higher secured asset mix. The liquidity buffer stood at Rs 4,686 crore as of March 31, 2025. Commenting on the results, Arvind Kapil, Managing Director and CEO of Poonawalla Fincorp, said that with risk-first thinking and next-gen analytics, the company is reimagining customer assessment for more agile and sustainable profits. Poonawalla Fincorp is a Cyrus Poonawalla group-promoted, non-deposit-taking non-banking finance company . ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Mint
22-04-2025
- Business
- Mint
Poonawalla Fincorp share price jumps after THIS fresh announcement. Do you own?
Poonawalla Fincorp share price surged as much as 2.47 per cent in Tuesday's trading session after the company announced the launch of its consumer durables loans business. At 1 pm, Poonawalla Fincorp stock was trading at ₹ 407.35 apiece on NSE on April 22. Cyrus Poonwalla-promoted NBFC, said in a press release dated April 22, that the company has introduced a digital EMI card with pre-approved limits, enabling customers to purchase consumer durable products more conveniently. 'This launch marks the company's strategic entry into a fast-growing, high-velocity segment of retail lending, strengthening its ability to build a deeper, more scalable retail franchise while enhancing profitability and lifetime customer value,' Ponawalla Fincorp said. Consumer durable loans present PFL with a strategic opportunity to drive faster customer franchise growth through instant, point-of-sale loans and digital onboarding, enabling real-time customer acquisition and building scale efficiently with a tech-first approach. Additionally, this offering creates a strong cross-sell flywheel, as consumer durable loan customers become potential leads for personal loans, insurance, and other financial products—creating a natural cross-sell funnel, high engagement and strong visibility across cities and catchments. 'This is not just a product launch - it's a strategic lever to scale our retail business faster, deeper, and more profitably. It unlocks access to millions of new customers and enables us to serve them across their financial lifecycle," said Arvind Kapil, Managing Director & CEO of Poonawalla Fincorp. With this business launch, PFL has now launched 6 new businesses in line with its commitment. With the addition of Consumer Durable Loan business, the company has further strengthened its secured lending portfolio. NBFC stock Poonawalla Fincorp has given multibagger returns to its investors by surging over 1,979.85 per cent in past five years.
Business Standard
22-04-2025
- Business
- Business Standard
Poonawalla Fincorp forays into consumer durables loans market to accelerate customer acquisition
Poonawalla Fincorp (PFL) has announced the launch of of its consumer durables loans business, marking its entry into the fast-growing and high-velocity segment of retail lending. The company has also introduced a digital EMI card with pre-approved limits, enabling customers to purchase consumer durable products more conveniently. Consumer durable loans present PFL with a strategic opportunity to drive faster customer franchise growth through instant, point-of-sale loans and digital onboarding, enabling real-time customer acquisition and building scale efficiently with a tech-first approach. Additionally, this offering creates a strong cross-sell flywheel, as consumer durable loan customers become potential leads for personal loans, insurance, and other financial productscreating a natural cross-sell funnel, high engagement and strong visibility across cities and catchments. PFLs initial priority is to institutionalize its acquisition processes end-to-end within the first 90 days and gradually scale the business across geographies, in line with its risk-first approach. In phase one, PFL plans to expand into 70 locations across key metros, as well as Tier 2 and Tier 3 cities, collaborating with 5,000 dealers, including regional retailers and small businesses with strong local reach. Additionally, the company is partnering with leading OEMs that hold significant market share across various regions. Arvind Kapil, managing director & CEO of Poonawalla Fincorp, said, This is not just a product launch - its a strategic lever to scale our retail business faster, deeper, and more profitably. It unlocks access to millions of new customers and enables us to serve them across their financial lifecycle. Poonawalla Fincorp is a non-deposit taking systemically important non-banking finance company (ND-SI-NBFC), registered with the Reserve Bank of India (RBI). It offers pre-owned car finance, personal loans, loans for professionals, business loans, loans against property, machinery loans, education loans, commercial vehicle loans, and shopkeeper loans. The companys consolidated net profit declined 92.9% to Rs 18.73 crore in Q3 FY25 as compared with Rs 265.14 crore in Q3 FY24. Total income jumped 36.6% YoY to Rs 1,057.17 crore in Q3 FY25. The scrip fell 0.23% to currently trade at Rs 395.65 on the BSE.
