6 Apr 2022 , 02:06 PM
Poonawalla Fincorp Ltd.’s assets under management (AUM) stood at Rs16,575 crore as at the end of quarter ended March 31, 2022, growing by 17% YoY and 9% QoQ. The AUM for the housing finance subsidiary Poonawalla Housing Finance Limited crossed Rs5,000 crore milestone.
According to the management, Q4FY22 witnessed significant improvement in organic disbursements across all products. Company’s disbursements for Q4FY22 were approximately Rs3,330 crore and for FY22, they stood at Rs9,490 crore.
The management expects the positive trend to continue in the coming quarters supported by change in the product mix and the momentum gained on the distribution pillars of direct, digital and partnerships.
Company’s 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. It expects the net stage below 1.20% and Gross Stage 3 below 3% as on 31st March 2022; in line with the management vision 2025 to bring down Net Stage 3 below 1%.
The Company’s Capital to Risk Weighted Assets Ratio (CRAR) was more than 49% as of March 31, 2022.
Related Tags
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Capital Services Support WhatsApp Number
+91 9892691696
IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.