Poonawalla Fincorp has posted a robust performance for the second quarter of the financial year 2027, reporting a 406.8% year-on-year surge in profit after tax to Rs 375 crore. This is a substantial increase from the Rs 74 crore recorded during the same period in the previous fiscal year. The non-banking financial company attributed this growth to enhanced operational efficiency, a focus on asset quality, and the strategic expansion of its gold loan network, which now spans 550 branches.
According to an exchange filing, the company’s net interest income saw an 80.6% rise, reaching Rs 1,380 crore compared to Rs 764 crore in the second quarter of FY26. Total interest income for the quarter grew by 72.3% to Rs 2,416 crore. While operating profits surged by 126.6% to Rs 877 crore, the firm also saw an increase in interest expenses, which rose to Rs 1,035 crore, and credit costs, which climbed by 30.6% to Rs 376 crore.
Regarding asset quality, the lender noted an improvement during the quarter, with gross non-performing assets declining by 17 basis points quarter-on-quarter and 39 basis points year-on-year. The company reported that there were no accelerated write-offs throughout this period. Its distribution strategy continues to leverage multiple channels, including digital platforms, direct selling agents, and an in-house sales team.
Arvind Kapil, Managing Director and CEO of Poonawalla Fincorp, described the quarter as a "decisive inflection point" for the firm. He highlighted that the company has achieved disciplined assets under management expansion while optimizing fee income. Looking ahead, management expects that structural improvements, supported by the company’s proprietary artificial intelligence layer, will continue to drive long-term sustainability. Following the announcement, the company’s shares ended the Friday trading session at Rs 447.30 on the NSE, marking a 2.15% gain for the day.
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