Shares of Poonawalla Fincorp continue to rise over 6% In Wednesday’s trading session, 343 on the BSE reached a 52-week high. multibagger stock It has jumped nearly 40% in the last one month while it has jumped over 105% in the six-month period alone.
sharing your business update, Poonawalla Fincorp said it continued with its growth momentum during Q4FY22. Its assets under management (AUM) grew 17% year-on-year (YoY) 16,575 crore at the end of the quarter ended March 31, 2022. AUM growth was 9% quarter-on-quarter (QoQ).
Properties under management passed over to housing finance subsidiary Poonawalla Housing Finance Ltd. 5,000 crore milestone, the company informed in an exchange filing last week.
“Q4 FY22 witnessed significant improvement in organic disbursements across all products. The company’s disbursements for the fourth quarter was approx. 3,330 crore and for FY22, they stood 9,490 crore,” Poonawalla Fincorp said.
The company said it expects continued positive trends in the coming quarters, supported by changes in product mix and momentum gained on the direct, digital and partnership distribution pillars.
Poonawalla Fincorp, formerly known as Magma Fincorp, is a Poonawalla Group non-banking finance company (NBFC) focused on consumer and MSME financing.
Adar Poonawalla, CEO of Serum Institute of India (SII), is also the chairman of Poonawalla Fincorp. NBFC Magma Fincorp Limited (Magma) last year announced that it has changed its name to Poonawalla Fincorp Limited with effect from July 22, 2021, following the acquisition of a controlling stake by Adar Poonawalla-led Rising Sun Holdings Private Limited. Later.