Poonawalla Fincorp Q1FY24 Results: Consolidated PAT of Rs. 225.74 Cr

Poonawalla Fincorp Q1FY24 Results: Consolidated PAT of Rs. 225.74 Cr

Poonawalla Fincorp Q1 results show revenue up from 580.71 crores to 707.30 crores, a 21.80% increase in growth. EPS rise from ₹2.57 to ₹2.91, up by 13.23%.

First, Let’s Begin with Quarter-on-Quarter Basis:

Poonawalla Fincorp shared its Q1 results on Monday. They earned 707.30 crores in revenue this quarter, but that’s more than the 580.71 crores they made last quarter. The company’s growth increased by 21.80 percent when comparing the two quarters.

In terms of profits, the company’s PAT (Profit After Tax) for this quarter was 225.74 crores, up from 198.37 crores in the previous quarter. Their quarter-to-quarter growth increased by 13.80 percent.

The company’s EPS (Earnings Per Share) this quarter is ₹2.91, which is an increase of 13.23% from the ₹2.57 EPS in the previous quarter.

Now, Let’s Analyze the Results on a Year-over-Year Basis:

The company made a total revenue of 707.30 crores this year (2023), which is 64.39 percent higher than last year’s total revenue of 430.26 crores.

This year’s PAT (Profit After Tax) is 225.74 crores, which is also 60.46% higher than last year’s PAT of 140.68 crores.

The EPS (Earnings Per Share) for this year is ₹2.91, which is 59.89% more than the EPS of ₹1.82 earned last year.

Also Read: PNB Housing Finance Q1FY24 Results: Consolidated PAT of Rs. 347.32 Cr

Poonawalla Fincorp Share Dividend Announcement / Record Date:

The record date for the dividend has not arrived yet.

About Poonawalla Fincorp :

Poonawalla Fincorp Limited is an Indian non-banking financial company specialized in consumer and MSME financing. The company’s headquarters are located in Pune, and it operates as a part of the Cyrus S. Poonawalla Group.

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