Poonawalla Fincorp Ltd Share Price – NSE /  BSE

Finance, Small Cap

Net loss of Poonawalla Fincorp reported to Rs 471.04 crore in the quarter ended September 2024 as against net profit of Rs 860.17 crore during the previous quarter ended September 2023. Sales rose 33.88% to Rs 988.87 crore in the quarter ended September 2024 as against Rs 738.65 crore during the previous quarter ended September 2023.

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Poonawalla Fincorp will hold a meeting of the Board of Directors of the Company on 25 October 2024.

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The Board of Poonawalla Fincorp at its meeting held on 10 September 2024 has approved the appointment of Salil Hajarnis as Chief Technology Officer with effect from 15 December 2024

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The firm informed that Bhaskar Pandey has already joined on 29 August 2024, asthe CRO of the company.

Bhaskar Pandey is a postgraduate in business administration from Institute of Management Education from Pune. He is a seasoned credit and risk professional with over 23 years of experience with a leading bank & NBFC’s, managing credit policy, credit underwriting, risk analytics, systems, and processes. He has been with HDFC Bank for over 21 years in various credit and risk roles with the bank.

Poonawalla Fincorp is a Cyrus Poonawalla group promoted non-deposit taking systemically important non-banking finance company (ND-SI-NBFC), registered with the Reserve Bank of India (RBI). The company’s financial services offerings include pre-owned car finance, personal loans, loan to professionals, business loans, loan against property, supply chain finance, machinery loans, medical equipment loans and consumer loans.

The company's net profit grew 45.7% to Rs 291.64 crore on 39.8% increase in total income to Rs 995.86 crore in Q1 FY25 over Q1 FY24.

The scrip declined 1.83% to Rs 392.30 on the BSE.

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