Latest news with #PoonawallaFincorp
Mint
4 days ago
- Business
- Mint
Poonawalla Fincorp shares rise after fundraise move. Details here
Shares of Poonawalla Fincorp gained more than 3 percent in intra-day trade on Monday, July 21, following the company's announcement that its Board of Directors will consider two major fundraising proposals during its upcoming board meeting scheduled for July 25, 2025. The move sparked positive investor sentiment, sending the stock to a high of ₹ 466.20 in early trade. In a regulatory filing, the non-banking financial company (NBFC) said the board will evaluate a proposal for raising funds through the preferential issue of equity shares. This equity infusion, if approved, will be carried out in accordance with the Companies Act, SEBI's Listing Obligations and Disclosure Requirements (LODR), and other applicable laws, subject to shareholder approval. In addition to the equity route, the board is also set to consider enhancing the company's limit for raising funds through non-convertible debentures (NCDs) on a private placement basis. The proposed increase would double the current borrowing cap from ₹ 10,000 crore to ₹ 20,000 crore for the financial year 2025–26, again subject to regulatory and other necessary approvals. The company also clarified that its trading window for designated persons and their immediate relatives will remain closed until Sunday, July 27, 2025. This is in compliance with SEBI's Prohibition of Insider Trading Regulations and the company's own internal code of conduct. The upbeat mood around the stock was further supported by Poonawalla Fincorp's earlier disclosure on July 4, where it reported robust growth in its assets under management (AUM). As of June 30, 2025, the company's AUM rose nearly 53 percent year-on-year to ₹ 41,250 crore. On a sequential basis, the company witnessed a healthy 16 percent increase in AUM. The NBFC also reported strong liquidity of ₹ 4,450 crore at the end of the first quarter, reinforcing its financial stability. "In line with our guidance, we have completed the launch of six new businesses and are seeing positive traction," the company said in its quarterly update. The Poonawalla Fincorp stock climbed as much as 3.2 percent during Monday's session, touching an intra-day high of ₹ 466.20. Earlier this month, the stock had reached a 52-week high of ₹ 483.35 and is currently trading just 3.5 percent below that peak. On the flip side, the stock hit its 52-week low of ₹ 267.25 in March 2025. Over the past year, the stock has delivered a moderate return of 10 percent. However, the near-term trend has been more volatile. While the stock has declined about 1 percent so far in July after four consecutive months of gains, it posted impressive monthly returns prior to that—15.4 percent in June, 7.5 percent in May, 7 percent in April, and a sharp 24.5 percent rally in March. The downtrend was seen earlier in the year, with a 9.4 percent drop in February and a marginal 1.3 percent decline in January. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Business Standard
05-07-2025
- Business
- Business Standard
Poonawalla Fincorp receives ratings action from CRISIL
Crisil Ratings has assigned its 'Crisil AAA/Stable' rating to Rs 750 crore subordinated debt and Rs 8000 crore of Non Convertible Debentures of Poonawalla Fincorp (PFL) and reaffirmed its 'Crisil AAA/Crisil AA+/Stable/Crisil A1+' ratings on the existing bank facilities and debt instruments of PFL.
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Business Standard
04-07-2025
- Business
- Business Standard
Poonawalla Fincorp hits fresh 52-wk high on healthy Q1 biz show; details
Poonawalla Fincorp share price: Non-banking financial company (NBFC) Poonawalla Fincorp share price was in demand on Friday, July 4, 2025, with the stock rising up to 3.68 per cent to hit a fresh 52-week high of ₹483.35 per share. At 1:10 PM, Poonawalla Fincorp share price was trading 2.65 per cent higher at ₹478.50 per share. In comparison, BSE Sensex was trading 0.15 per cent lower at 83,115.80 levels. Follow Stock Market LIVE Updates: Sensex slips 120 pts, Nifty tests 25,350 What fuelled the up move in Poonawalla Fincorp share price today? Poonawalla Fincorp share price hit a fresh high on the back of robust business update in the first quarter of financial year 2026 (Q1FY26). The company's Assets Under Management (AUM) zoomed 52.9 per cent year-on-year (Y-o-Y) and 15.8 per cent quarter-on-quarter (Q-o-Q) to approximately ₹41,250 crore in Q1FY26. Moreover, the company claims that it continues to have ample liquidity of approximately ₹4,450 crore as on June 30, 2025. Poonawalla Fincorp Q4 results Poonawalla Fincorp reported an 81.2 per cent year-on-year (Y-o-Y) decline in net profit to ₹62.33 crore for the quarter ended March 2025 (Q4FY25), as against ₹331.70 crore in the same quarter of the previous year (Q4FY24). However, the company's revenue for the quarter rose 27.46 per cent to ₹1,166.27 crore in Q4FY25, from ₹915 crore in Q4FY24. For the full financial year ended March 2025, the company posted a net loss of ₹98.34 crore, a sharp reversal from a net profit of ₹1,682.75 crore in FY24. About Poonawalla Fincorp Poonawalla Fincorp, formerly known as Magma Fincorp, is a non-banking financial company (NBFC) operating under the umbrella of the Cyrus Poonawalla Group. Recognised for its focus on trust, transparency, and operational excellence, the company is registered with the Reserve Bank of India (RBI) as a systemically important, non-deposit-taking NBFC. A key strength of Poonawalla Fincorp lies in its diversified portfolio of loan products, which includes personal loans, business loans, professional loans, loans against property, and financing for vehicles and equipment. With a strong push toward digital transformation, the company is leveraging technology to simplify its offerings, enhance customer engagement, and ensure faster, more efficient loan disbursements. As part of the Cyrus Poonawalla Group, which also owns the Serum Institute of India (SII), the world's largest vaccine manufacturer, Poonawalla Fincorp benefits from the group's robust legacy and financial stability.
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Business Standard
23-06-2025
- Business
- Business Standard
Poonawalla Fincorp up 4% after board approves to raise ₹1,600 cr via NCDs
Poonawalla Fincorp shares gained 3.8 per cent in trade on Monday (June 23, 2025), logging an intraday high at ₹431.1 per share on BSE. The buying on the counter came after the company's board approved to raise ₹1,600 crore through non-convertible debentures (NCDs). At 12:06 PM, Poonawalla Fincorp share price was trading 3.21 per cent higher at ₹428.65 per share on the BSE. In comparison, the BSE Sensex was down 0.77 per cent at 81,774.86. The company's market capitalisation stood at ₹33,362.92 crore. Its 52-week high was at ₹436.65 per share and 52-week low was at ₹267.25 per share. "We hereby inform you that the finance committee, as authorised by the board of directors of the company had approved today issuance of secured, redeemable, rated, listed, non-convertible debentures of face value of ₹1,00,000 each (NCDs) for an amount aggregating up to ₹16,00,00,00,000 (Rupees One Thousand Six Hundred Crore only) ('Issue' or 'Issue Size')," the filing read. Further, the company shall pay coupon on the NCDs at a rate of 2 per cent (two percent) over and above the applicable coupon rate for any delay in payment of interest/principal amount of the NCDs for the period until such event of default is cured to the satisfaction of the Debenture Trustee (acting on the instructions of the Debenture-holders). What are NCDs? NCDs are a type of debt instrument issued by companies to raise capital from investors. They are essentially a loan that the company takes from investors, where the company promises to repay the principal amount along with interest at a specified rate and maturity date. About Poonawalla Fincorp Poonawalla Fincorp is a Non-Banking Financial Company (NBFC) in India, focusing on consumer and MSME (Micro, Small, and Medium Enterprises) financing. Headquartered in Pune, the company was formerly known as Magma Fincorp Limited and rebranded in 2021 following a strategic acquisition by the Cyrus Poonawalla Group. Poonawalla Fincorp offers a diverse range of financial products such as personal/business/ professional loans, loans against property, pre-owned car loans, medical equipment and machinery loans, consumer durable loans, supply chain finance, and digital consumption loans.
Time of India
09-06-2025
- Business
- Time of India
Fincorp automates MSME loans with digital-first model and real-time data integration
MUMBAI: Poonawalla Fincorp has automated loans for MSMEs by using algorithms for loan approval after drawing borrower information directly from sources such as credit bureau data, GST information, and account aggregators. The NBFC has launched a fully digital product—Business Loan 24/7—that runs on a risk-first model and is available round the clock. It uses a straight-through processing system for onboarding and disbursal, eliminating the need for physical documentation or branch model draws on India's digital public infrastructure to extract real-time borrower information, helping the lender assess creditworthiness without relying on conventional income documentation. The company said the new system will support responsible lending to enterprises ready for growth, especially in self-employed and MSME segments.'India's Rs 4 trillion economy makes MSMEs one of the most robust credit growth segments over the next 10 years. Our assumptions are based on the country's strong financial infrastructure—credit bureau data, GST information, account aggregators, and risk analytics,' said Poonawalla Fincorp Managing Director and CEO Arvind Kapil. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Вот что поза во сне говорит о вашем характере! Удивительные Новости Undo 'This product will be built into the portfolio in a sensible, risk-calibrated manner and we believe it will be a strong and convenient offering for good-quality MSMEs.'Poonawalla Fincorp plans to target MSMEs across Tier 1, 2, and 3 cities, particularly in retail, services, manufacturing, and trade. The firm expects the digital risk-first model to create a competitive edge by removing bottlenecks in credit access while maintaining underwriting standards. The platform's integration with digital sources enables real-time financial behaviour tracking and efficient identity verification. The launch builds on the company's earlier rollout of a similar 24/7 digital credit product for salaried individuals. The firm expects Business Loan 24/7 to help it strengthen its presence in the MSME segment and improve customer acquisition. It plans to expand the initiative gradually over the next four to six quarters. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
