Poonawalla Fincorp Ltd(POONAWALLA)

NSE: POONAWALLABSE: 524000

₹ 412.9-4.73%refreshed 23 Oct, 03:58 pm ISTMarket cap: ₹ 36,360 crWebsite: www.poonawallafincorp.comUpdated: 24 Oct 2026

About

Poonawalla Fincorp Ltd is a technology-led NBFC of the Cyrus Poonawalla Group. It lends to consumers and MSMEs through secured and unsecured products, including personal loans, business loans, gold loans, consumer durable finance, commercial vehicle loans, education loans and shopkeeper loans. AUM reached ₹74,008 Cr in Q2 FY27, and revenue was 6790.18 Cr in FY26. The company holds AAA/Stable ratings from CRISIL and CARE.^[1][2][3][4]

Loan book and product mix

AUM reached ₹74,008 Cr in Q2 FY27, up 55.1% YoY and 10.4% QoQ; it was ₹67,054 Cr in Q1 FY27.^[3][2]
New products made up 18% of AUM in Q2 FY27, compared with 14% in Q4 FY26.^[3][5]
New products made up 28% of disbursements in Q2 FY27, compared with 26% in Q1 FY27 and 24% in Q4 FY26.^[3][2]
FY25 segment AUM: MSME lending ₹12,942 Cr (up 40%), loan against property ₹8,466 Cr (up 108%), personal and consumer loans ₹8,098 Cr (up 38%), pre-owned car finance ₹4,883 Cr (up 34%).^[1]
The legacy STPL book fell to about 2% of on-book AUM as of September 2025, from 4% in June 2025.^[6]

Products and customers

Six new businesses were launched: PL Prime, education, commercial vehicle, consumer durable, shopkeeper and gold loans (FY25 annual report).^[1]
Customer segments are salaried and self-employed professionals, MSMEs and students (FY25).^[1]
PL Prime average monthly disbursement was ~₹577 Cr in Q2 FY27, up from ~₹537 Cr in Q1 FY27.^[3]
Education loan disbursement averaged ~₹218 Cr a month in Q2 FY27, peaking at ₹263 Cr in August, compared with ₹144 Cr a month in Q1 FY27.^[3][2]

Distribution network

Gold loans were live in 550 branches across 10 states as of Q2 FY27, up from 460 branches in Q1 FY27. Average monthly disbursement was ~₹355 Cr, compared with ~₹292 Cr in Q1 FY27.^[3][2]
The consumer durable dealer network passed 20,000 points across 360 locations by September 2026, up from 12,500 across 248 locations in Q4 FY26. Average monthly disbursement was ~₹202 Cr, compared with ~₹144 Cr in Q1 FY27.^[3][5]
Commercial vehicle channel partners rose from 200 in June 2025 to 450+ in September 2025, and locations from 27 to 49.^[6]
As of FY25, the company covered 20 states and union territories, more than four-fifths of disbursements happened digitally, and it had 3,594 employees as of March 31, 2025.^[1]

Margins and cost of funds

Cost of borrowing was 7.76% in Q2 FY27, compared with 7.72% in Q1 FY27.^[3][2]
NIM including fees was 9.10% in Q1 FY27, compared with 9.05% in Q4 FY26.^[2]
The NCD share of borrowings rose from 7% in March 2025 to ~33% by December 2025.^[2]
Liquidity stood at ₹6,526 Cr in Q2 FY27.^[3]

Asset quality

GNPA was 1.20% in Q2 FY27, down 39 bps YoY, compared with 1.37% in Q1 FY27. NNPA was 0.61% and provision coverage was 49.14%.^[3][2]
Credit cost was 2.19% in Q2 FY27, compared with 2.40% in Q1 FY27 and 2.51% in Q4 FY26.^[3][2]
Collection efficiency was 99.5% in Q2 FY27.^[3]

Efficiency and capital

Opex to average AUM was 4.15% in Q2 FY27, compared with 4.06% in Q1 FY27.^[3][2]
ROA was 2.18% in Q2 FY27, up 20 bps QoQ and 149 bps YoY. Management targets 3.0 - 3.5% ROA by June 2028.^[3][2]
Capital adequacy was 18.68% in Q2 FY27, compared with 19.46% in Q1 FY27.^[3][2]

Growth plans and technology

Management stated in Q2 FY27 that it expects AUM to grow at ~35-40% CAGR over the next couple of years and aims for 5-6x AUM over 5 years.^[3]
For FY27, management plans to grow the consumer durables franchise more than 2x, expand the gold loan network and add digital business loans.^[3]
The AI portfolio grew to 101 projects in Q1 FY27, with 50 deployed and 130 smart agents live in production.^[2]

Recent developments

The company raised ₹2,500 Cr through a QIP in April 2026, with ₹3,000 Cr remaining under the ₹5,500 Cr board approval.^[2]
Rising Sun Holdings made a preferential allotment of ~₹1,500 Cr in Q2 FY26, raising promoter holding to 63.96%.^[6]
The board approved selling the company's 48.89% stake in its joint venture Jaguar Advisory Services (FY25).^[1]
RBI imposed a Rs 10 lakh penalty for charging interest from dates before loan disbursal (FY25 annual report).^[1]

Market Cap

₹36,360 Cr

High / Low

₹516 / 363

Stock P/E

32.4

Price / Book

2.4

Book Value

₹127

EPS

₹6.7

No. of Shares

81.28 Cr

ROE

5.9%

Debt / Equity

4.65

Sales

₹6,790 Cr

Net Profit

₹542 Cr

Promoter holding

59.0%

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