Business · Companies · 1 hr ago
Poonawalla Fincorp profit nearly quintuples to ₹375 crore in Q2
Poonawalla Fincorp, a non-bank finance company in India, reported a profit of ₹375 crore for the July-to-September quarter of 2026.
That was nearly five times its profit of ₹74 crore in the same quarter a year earlier.
Total income rose to ₹2,625 crore from ₹1,543 crore, while interest income increased to ₹2,416 crore from ₹1,402 crore.
The company’s assets under management stood at ₹74,008 crore on September 30, 2026.
Its shares rose as much as 8% in early trading on Monday, then gave back some of the gains.
One analyst said the stock had been trading between ₹425 and ₹505, with ₹505 a key level to watch.
The analyst said a decisive move above that level could bring further gains, while the shares may remain within the range otherwise.
Poonawalla Fincorp reported consolidated profit of ₹375 crore for the September quarter, nearly five times its ₹74 crore profit a year earlier.
Higher interest income drove the increase, with quarterly interest income rising to ₹2,416 crore from ₹1,402 crore.
Total income rose to ₹2,625 crore from ₹1,543 crore.
The company’s assets under management stood at ₹74,008 crore on September 30, 2026.
Its shares rose as much as 8 per cent in early trading after the results were reported.
- Who
- Poonawalla Fincorp, a non-deposit-taking non-banking financial company.
- What
- It reported consolidated profit of ₹375 crore, nearly five times the year-earlier figure.
- When
- In the September quarter of FY27.
- Where
- Not stated.
- Why
- Higher interest income drove the profit increase.
This story does not have two clearly opposing sides.
A decisive move above this level could trigger fresh buying and lead to further upside. Until then, the stock is likely to remain range-bound
Poonawalla Fincorp reported consolidated profit of ₹375 crore, up from ₹74 crore a year earlier.
The company’s shares rose as much as 8 per cent after the results were reported.
The shares were trading 3.1 per cent higher at ₹461.75 after paring some gains.
- Consolidated profit
- ₹375 crore
- Year-earlier profit
- ₹74 crore
- Total income
- ₹2,625 crore, compared with ₹1,543 crore a year earlier
- Interest income
- ₹2,416 crore, compared with ₹1,402 crore a year earlier
- Assets under management
- ₹74,008 crore as of September 30, 2026
Sources
Related news
Rupee rises about 1% after RBI measures
DMart Q2 profit rises 8.5% as revenue grows 17.8%
India Signals 97 as Limit for Rupee Weakness as RBI Steps Up Defense
Swarovski aims to double its India business in four to five years
Zetwerk sets ₹143–₹151 price band for ₹5,012 crore IPO
Tonbo Imaging sets ₹665-₹700 price band for ₹852 crore IPO
India plan aims to cut Basmati shipping costs to Iraq by nearly 74%
Bhavish Aggarwal pledges Ola Electric shares as the company plans a ₹1,000 crore rights issue
McCain Foods agrees to buy Falcon Agrifriz’s potato business in India
India opens dollar window for oil companies to support the rupee
India draft policy targets 604 million tonnes of steel capacity by 2047