Poonawalla Fincorp Q1 Net Profit Dips Amid Rising Costs

Poonawalla Fincorp's profits went down a lot, like almost four times less, in the last three months.

This happened because they had to write off more money due to financial problems.

Even though their income from interest went up a little, and they earned more money overall, the costs also went up significantly.

The company also plans to raise more money and borrow more.

This means they are trying to get more money to use for their business.