Poonawalla Fincorp Q3: Net profit doubles sequentially to ₹150 crore; plans massive ₹5,500 crore fundraise
Poonawalla Fincorp Q3: Net profit doubles sequentially to ₹150 crore; plans massive ₹5,500 crore fundraise
In Q3, Poonawalla Fincorp's net profit surged to ₹150 crore, a 102.4% sequential rise. The company aims to raise ₹5,500 crore to strengthen its capital base. With assets under management at ₹55,017 crore, the firm appointed Vikas Pandey as an executive director, highlighting its strategic growth and leadership enhancement.
The company's total income for the quarter reached ₹1,818.48 crore, up from ₹1,542.77 crore in the preceding quarter and ₹1,057.17 crore in the year-ago period
Mumbai-headquartered non-banking finance company (NBFC) Poonawalla Fincorp Limited, backed by the Cyrus Poonawalla Group, announced a robust set of financial results for the third quarter ended December 31, 2025. The company's consolidated net profit after tax (PAT) stood at ₹150.22 crore, marking a 102.4% increase compared to the ₹74.20 crore reported in the previous quarter (Q2 FY26). On a year-on-year (YoY) basis, the profit surged from just ₹18.73 crore in Q3 FY25.
The company's total income for the quarter reached ₹1,818.48 crore, up from ₹1,542.77 crore in the preceding quarter and ₹1,057.17 crore in the year-ago period. This growth was primarily driven by interest income, which contributed ₹1,659.65 crore, a rise from ₹999.09 crore in Q3 FY25. The net interest income (including fees and other income) or NII stood at ₹1,080 crore, representing a 60.6% YoY growth.
Capital raising
The board of directors of Poonawalla Fincorp approved a fund-raising proposal to raise up to ₹5,500 crore through a qualified institutions placement (QIP) or other permissible modes to strengthen its capital base. Additionally, the board cleared the issuance of non-convertible debt securities up to ₹20,000 crore for the financial year 2026-27.
The board appointed Vikas Pandey as an additional director and whole-time director (executive director) for a five-year term. Pandey, an alumnus of UC Berkeley with over two decades of experience at HDFC Bank, will also serve as a key managerial personnel.
Operational metrics
The company's assets under management (AUM) reached ₹55,017 crore as of December 31, 2025. Management said that the credit costs have moderated, stressing improved asset quality and risk outcomes. Despite the one-time impact of ₹6.42 crore due to provisions for the new labour codes, the company maintained a strong return on assets (RoA) of 1.2%.
The shares of Poonawalla Fincorp slipped 1.55% on Friday to end at ₹463.95 apiece on the national stock exchange. The company's stock has risen nearly 50% in the past one year, outperforming the benchmark Nifty 50 index that has risen only 12% during the same period.
