Poonawalla Fincorp shares in focus after Q2 net profit soars 407% to Rs 375 crore
60-Word AI Digest
Poonawalla Fincorp reported a 406.8% YoY surge in Q2FY27 net profit to Rs 375 crore, driven by robust NII growth and improving asset quality. Net interest income jumped 80.6% to Rs 1,380 crore. The NBFC also expanded its gold loan branch network to 550 locations during the quarter.
Key Takeaways
- Poonawalla Fincorp reported a 406.8% YoY surge in Q2FY27 net profit to Rs 375 crore, driven by robust NII growth and improving asset quality.
- Net interest income jumped 80.6% to Rs 1,380 crore.
- The NBFC also expanded its gold loan branch network to 550 locations during the quarter.
Poonawalla Fincorp reported a 406.8% YoY surge in Q2FY27 net profit to Rs 375 crore, driven by robust NII growth and improving asset quality. Net interest income jumped 80.6% to Rs 1,380 crore. The NBFC also expanded its gold loan branch network to 550 locations during the quarter.
Original Publisher Attribution
This summary was curated from Economic Times.