Poonawalla Fincorp Limited is an NBFC-focused medium-sized company with a market cap of Rs. 24,640.58 crores. Poonawalla Fincorp Limited works to meet the financial needs of both businesses and individuals. Shares of Poonawalla Fincorp Ltd closed today on NSE 323.10 a piece, up 2.30% from the previous close of 315.85. The 20-day average volume was 5,471,262 shares, compared to a total of 6,174,863 shares for the stock in trading today. After the announcement of a 21% increase in the consolidated AUM of the company on a year-on-year basis, the share price started rising and touched an intraday high. 329 (4.18%), despite climbing 9.90% in the last five trading days.
Consolidated, the Company’s total disbursements for Q2FY23 was approx. 3,720 crore, 44% YoY and 8% QoQ, with organic disbursements accounting for ~97% of the total, up from 80% in Q1FY23. Total disbursements in Q2FY23 were completely organic, increasing from ~31% QoQ 3,110 crore on standalone basis from organic disbursements in Q1FY23 2,379 crore. On a standalone basis, the total disbursement of the company was 2,901 crore in Q1FY23.
As on September 30, 2022, consolidated AUM exceeds 21% YoY and 5% QoQ 18,550 crore, despite a significant drop in the closed loan book, which was approx. 1,300 crore by 30 September 2022. As on September 30, 2022, Poonawalla Housing Finance Limited (PHFL), a subsidiary of the company, has an AUM of approx. 5,600 crores.
“The aligned GNPA and NNPA on a consolidated basis are expected to remain below 1.6% and 0.9% respectively till September 30, 2022. The company will endeavor to maintain NNPA below 1% in line with its Management Vision 2025,” Poonawalla Fincorp said. in an official statement.
As of September 30, 2022, the company has reportedly 4,730 crore in liquid assets. While CARE Ratings Ltd. has upgraded the long-term rating of the company and its subsidiary, PHFL, to “CARE AAA (Triple A), Stable”. This grade is valid for subordinated debt, non-convertible debentures, market linked debentures and bank credit services.
“We continued strong growth momentum during Q2FY23, supported by significant improvement in organic distribution across all products, with direct, digital and partnership (DDP) share increasing to ~47% in Q2FY23, compared to 34% in Q1FY23. We have achieved our highest ever quarterly and monthly disbursements during Q2 of FY23 and Sep’2022 respectively. Sep’2022 Monthly Organic Run Rate Approx 1290 cr creates a strong growth trajectory for H2FY23. The highest rating by CARE Ratings is ‘Care AAA’; ‘Stable’ is indicative of the company’s strong parentage, efficient management team, strong fundamentals and growth potential; Which will further strengthen our liability franchise and support the growth journey,” the management has said.
In last 5 years, the Shares of Poonawalla Fincorp Limited have grown by 81.11% but in last 3 years, the Stock has given Multibagger Return of 544.74%. In the last 1 year, the stock has gained 92.84% and on YTD basis, the stock has gained 46.36% so far in 2022. On NSE, the stock had touched a 52-week high. (13-Apr-2022) a 52-week low of 343.80 and At 140.75 (25-Oct-2021), it shows that the stock is trading up 6.02% from the high and 129.55% from the low at the current price level.
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