Poonawalla Fincorp is currently trading at Rs. 280.00, up by 1.30 points or 0.47% from its previous closing of Rs. 278.70 on the BSE.
The scrip opened at Rs. 281.00 and has touched a high and low of Rs. 285.65 and Rs. 279.20 respectively. So far 125073 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 302.70 on 11-Jan-2022 and a 52 week low of Rs. 103.25 on 15-Apr-2021.
Last one week high and low of the scrip stood at Rs. 286.55 and Rs. 269.75 respectively. The current market cap of the company is Rs. 21436.98 crore.
The promoters holding in the company stood at 68.25%, while Institutions and Non-Institutions held 12.37% and 19.37% respectively.
Poonawalla Fincorp’s assets under management (AUM) has recorded 17% year-on-year growth to Rs 16,575 crore at the end of the quarter ended March 31, 2022 (Q4FY22). The assets under management for the housing finance subsidiary Poonawalla Housing Finance crossed the Rs 5,000 crore milestone.
The company continued with its growth momentum as disbursements for Q4FY22 were at approximately Rs 3,330 crore and for FY22 they stood at approximately Rs 9,490 crore. The collection efficiency continued an upward trajectory and stood at approximately 108.4% in March 2022 vis-a-vis 99.1% in December 2021. The gains in collections have led to a significant improvement in March 2022 asset quality metrics of Gross Stage 3 over March 2021.
The company expects the Net Stage 3 below 1.20% and Gross Stage 3 below 3% as on March 31, 2022. This is in line with the management vision 2025 to bring down Net Stage 3 below 1%. The company continued to have ample liquidity of approximately Rs 3,900 crore as on March 31, 2022.
Poonawalla Fincorp (Formerly known as Magma Fincorp) is a non-deposit taking systemically important non-banking finance Company (ND-SI-NBFC), registered with the Reserve Bank of India (RBI).
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