Latest news with #PoonawallaFincorp
Mint
12 hours ago
- Business
- Mint
Poonawalla Fincorp share price rises 6% despite sell-off in Indian stock market; here's why
Poonawalla Fincorp share price jumped over 6% on Monday led by heavy buying momentum, despite broader weakness in the Indian stock market. Poonawalla Fincorp shares rallied as much as 6.59% to ₹ 440.75 apiece on the BSE. Around 40 lakh equity shares of Poonawalla Fincorp changed hands on stock exchanges, significantly higher than their one week average trading volumes of 19 lakh shares. The rally in Poonawalla Fincorp share price comes after the financial services company approved raising ₹ 1,500 crore from its promoter and aims for over 40% growth in its asset book, led by expansion in products portfolio including gold loans. The board of directors of Poonawalla Fincorp, on July 25, approved raising of funds up to ₹ 1,500 crore from promoter Adar Poonawalla's Rising Sun Holdings by issuing and allotting of 3.31 crore fully paid-up equity shares at an issue price of ₹ 452.51 per equity share by way of preferential allotment and private placement basis. The equity infusion has increased Poonawalla Fincorp's net worth to ₹ 9,700 crore. 'The said capital raise is a strategic move not only strengthens the company's financial position but also reinforces the promoter's confidence in the Company's long-term potential. The Company is well positioned to continue its growth trajectory, deliver value to its stakeholders and achieve its ambitious objectives in the competitive NBFC landscape,' Additionally, Poonawalla Fincorp is targeting above 40% growth in its asset book on the back of expansion in products portfolio including gold loans. 'We have given Asset Under Management growth guidance of 35-40% this year. We hope to exceed our target as new product lines are gaining good traction,' Poonawalla Fincorp MD and CEO Arvind Kapil told PTI. The non-deposit-taking NBFC, Poonawalla Fincorp, reported a net profit of ₹ 63 crore in the first quarter of FY26, a steep fall of 78.5% from ₹ 292 crore in the year-ago period, impacted by one-time expenses and prior provisioning. However, profit remained flat on a sequential basis. The company's net interest income (NII) in Q1FY26 increased to ₹ 639 crore from ₹ 576 crore, year-on-year (YoY). Poonawalla Fincorp registered a 53% robust growth on an annual basis in AUM at ₹ 41,273 crore at the end of first quarter ended June 30, 2025. In Q1FY26, the company had taken a one-time accelerated provision of ₹ 666 crore on the erstwhile STPL book, which also improved its provision coverage ratio (PCR) to 53.93%, up from 52.53% a year earlier. 'With credit cost significantly reducing on an overall basis by 53 bps QoQ, a risk-calibrated AUM increase of 15.8% QoQ, and ~Rs.1,500 cr capital infusion on preferential basis by the promoter, strengthens the company and supports its growth plans. Poonawalla Fincorp is well-poised for building a risk-first, sustainable, and profitable model,' said Arvind Kapil, Managing Director and CEO, Poonawalla Fincorp. Poonawalla Fincorp share price has fallen 3% in one month, but the NBFC stock has rallied 14% in three months and 42% in six months. The stock is up 40% on a year-to-date (YTD) basis, while it has gained 16% in one year. Poonawalla Fincorp share price has delivered multibagger returns of 1607% over the past five years. At 10:35 AM, Poonawalla Fincorp share price was trading 5.94% higher at ₹ 438.05 apiece on the BSE. 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.
Time of India
16 hours ago
- Business
- Time of India
Adar infuses Rs 1,500cr into Poonawalla Fin
MUMBAI: Vaccine king Adar Poonawalla 's Rising Sun Holdings cleared a Rs 1,500-crore equity infusion into Poonawalla Fincorp, raising its net worth to Rs 9,700 crore, in the previous week. The capital will support an aggressive retail expansion strategy under MD & CEO Arvind Kapil, who took charge just over a year ago after leading retail loans at HDFC Bank. "This is a story of senior bankers coming in, cleaning up the book, and now the promoter putting in Rs 1,500 crore," Kapil said. "It's a very big confidence statement for where he sees the company going." The NBFC is simultaneously scaling both secured and unsecured lending. It has launched six new businesses - including personal loans, education finance, and commercial vehicle loans - departing from the typical incremental product rollouts seen in the sector. The company has also committed to opening 400 branches this year, including dedicated gold loan outlets, with 80 already operational. Distribution is central to the strategy, Kapil said. The company is expanding into consumer durable stores, where customers can apply for unsecured personal loans at the point of sale through an assisted digital journey. These retail locations, which will grow to 12,000 from 3,000 this year, also serve to originate new borrowers rather than upselling to existing ones. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Free P2,000 GCash eGift UnionBank Credit Card Apply Now Undo "It's a new-to-market model," Kapil said. "We're not just upselling to our existing customers. These are first-time borrowers, approved and disbursed on the spot." Despite caution in the sector, Kapil is confident about unsecured lending. "This is the best time to lend to MSMEs," he said. "With GST data, credit bureau coverage and visibility on multiple loans, the segment is more transparent and robust than ever." Credit costs have fallen to 1.4%, and NCDs now make up 27% of the firm's liabilities. Poonawalla Fincorp is targeting Rs 1.5 lakh crore in AUM over the next four years, up from Rs 41,000 crore. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
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Business Standard
a day ago
- Business
- Business Standard
Poonawalla Fincorp aims AUM growth upwards of 40% in FY26, says CEO
Financial Services firm Poonawalla Fincorp is targeting above 40 per cent growth in its asset book on the back of expansion in products portfolio including gold loans. "We have given Asset Under Management growth guidance of 35-40 per cent this year. We hope to exceed our target as new product lines are gaining good traction," Poonawalla Fincorp MD and CEO Arvind Kapil told PTI. Poonawalla Fincorp registered a 53 per cent robust growth on annual basis in AUM at Rs 41,273 crore at the end of first quarter ended June 30, 2025. "We have close to 13 businesses and there are two noteworthy items that we have and we gave a declaration that we will be building AUM for the first four quarters and we will look at a guidance of sustained business profits thereafter which is a little different than how NBFC's have normally built," he said. The company's offerings include pre-owned car finance, personal loans, loans for professionals, business loans, loans against property, machinery loans, education loans, commercial vehicle loans, shopkeeper loans, gold loans, and consumer durable loans. In a bid to grow the business, he said, the promoter will soon infuse Rs 1,500 crore via the issuance of equity shares on a preferential basis for which board approval is already in place. "This strategic move underscores the promoter's continued confidence in the company's long-term growth trajectory and will further strengthen the capital base to support its business growth," he said, adding, a Rs 1,500 crore growth capital by promoter - among the largest in recent times - will push net worth of the company to approx Rs 10,000 crore. The proposed capital infusion would sustain high growth for this financial year and the NBFC would look at another round of equity raise may be early next financial year, he said. As far as the gold loan business is concerned, he said, it was launched in April and since then the company has opened 80 branches dedicated to this business across Gujarat, Haryana, Rajasthan and Maharashtra. Another 320 branches would be opened in the span of 7-8 months to take total branches to 400 by year end, he added. Other two businesses launched in April this year -- shopkeeper loan and consumer durable loan, while commercial vehicle loan and education loan introduced in March are also getting good response, he said. In all, the Cyrus Poonawalla group promoted non-deposit taking systemically important non-banking finance company (ND-SI-NBFC) launched 5 products in 2025. As regards commercial vehicle loan, he said the company has commenced business across 27 locations in 10 states and completed on-boarding of 200 plus distribution partners while on the education loan side there will be a network to over 500 education consultants by March 2026 apart from a dedicated sales team. Talking about cost borrowing, he said, it has come down to 8.04 per cent during the first quarter as against 8.07 per cent in the March quarter. The credit cost is 1.43 per cent, among the best in the industry and fund raise is well diversified. During Q1FY26, the Pune-based NBFC raised Rs 5,458 crore through NCD (including sub-debt) to increase the proportion of long-term borrowings. This has increased NCD contribution to about 24 per cent of total borrowings against about 7 per cent as on March 2025. As far as asset acquisitions are concerned, he said, the priority would be on the secured lending business. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Time of India
a day ago
- Business
- Time of India
Poonawalla Fincorp aims AUM growth upwards of 40 pc in FY26
Financial Services firm Poonawalla Fincorp is targeting above 40 per cent growth in its asset book on the back of expansion in products portfolio including gold loans . "We have given Asset Under Management growth guidance of 35-40 per cent this year. We hope to exceed our target as new product lines are gaining good traction," Poonawalla Fincorp MD and CEO Arvind Kapil told PTI. Explore courses from Top Institutes in Please select course: Select a Course Category Degree Public Policy MBA Leadership PGDM Data Analytics Cybersecurity Technology others CXO Product Management Management healthcare Healthcare Design Thinking Digital Marketing Data Science MCA Others Data Science Finance Operations Management Artificial Intelligence Project Management Skills you'll gain: Data-Driven Decision-Making Strategic Leadership and Transformation Global Business Acumen Comprehensive Business Expertise Duration: 2 Years University of Western Australia UWA Global MBA Starts on Jun 28, 2024 Get Details Poonawalla Fincorp registered a 53 per cent robust growth on annual basis in AUM at Rs 41,273 crore at the end of first quarter ended June 30, 2025. "We have close to 13 businesses and there are two noteworthy items that we have and we gave a declaration that we will be building AUM for the first four quarters and we will look at a guidance of sustained business profits thereafter which is a little different than how NBFC 's have normally built," he said. The company's offerings include pre-owned car finance, personal loans, loans for professionals, business loans, loans against property, machinery loans, education loans, commercial vehicle loans, shopkeeper loans, gold loans, and consumer durable loans. Live Events In a bid to grow the business, he said, the promoter will soon infuse Rs 1,500 crore via the issuance of equity shares on a preferential basis for which board approval is already in place. "This strategic move underscores the promoter's continued confidence in the company's long-term growth trajectory and will further strengthen the capital base to support its business growth," he said, adding, a Rs 1,500 crore growth capital by promoter - among the largest in recent times - will push net worth of the company to approx Rs 10,000 crore. The proposed capital infusion would sustain high growth for this financial year and the NBFC would look at another round of equity raise may be early next financial year, he said. As far as the gold loan business is concerned, he said, it was launched in April and since then the company has opened 80 branches dedicated to this business across Gujarat, Haryana, Rajasthan and Maharashtra. Another 320 branches would be opened in the span of 7-8 months to take total branches to 400 by year end, he added. Other two businesses launched in April this year -- shopkeeper loan and consumer durable loan, while commercial vehicle loan and education loan introduced in March are also getting good response, he said. In all, the Cyrus Poonawalla group promoted non-deposit taking systemically important non-banking finance company (ND-SI-NBFC) launched 5 products in 2025. As regards commercial vehicle loan, he said the company has commenced business across 27 locations in 10 states and completed on-boarding of 200 plus distribution partners while on the education loan side there will be a network to over 500 education consultants by March 2026 apart from a dedicated sales team. Talking about cost borrowing, he said, it has come down to 8.04 per cent during the first quarter as against 8.07 per cent in the March quarter. The credit cost is 1.43 per cent, among the best in the industry and fund raise is well diversified. During Q1FY26, the Pune-based NBFC raised Rs 5,458 crore through NCD (including sub-debt) to increase the proportion of long-term borrowings. This has increased NCD contribution to about 24 per cent of total borrowings against about 7 per cent as on March 2025. As far as asset acquisitions are concerned, he said, the priority would be on the secured lending business. Economic Times WhatsApp channel )
News18
a day ago
- Business
- News18
Poonawalla Fincorp aims AUM growth upwards of 40 pc in FY26
New Delhi, Jul 27 (PTI) Financial Services firm Poonawalla Fincorp is targeting above 40 per cent growth in its asset book on the back of expansion in products portfolio including gold loans. 'We have given Asset Under Management growth guidance of 35-40 per cent this year. We hope to exceed our target as new product lines are gaining good traction," Poonawalla Fincorp MD and CEO Arvind Kapil told PTI. Poonawalla Fincorp registered a 53 per cent robust growth on annual basis in AUM at Rs 41,273 crore at the end of first quarter ended June 30, 2025. 'We have close to 13 businesses and there are two noteworthy items that we have and we gave a declaration that we will be building AUM for the first four quarters and we will look at a guidance of sustained business profits thereafter which is a little different than how NBFC's have normally built," he said. The company's offerings include pre-owned car finance, personal loans, loans for professionals, business loans, loans against property, machinery loans, education loans, commercial vehicle loans, shopkeeper loans, gold loans, and consumer durable loans. In a bid to grow the business, he said, the promoter will soon infuse Rs 1,500 crore via the issuance of equity shares on a preferential basis for which board approval is already in place. 'This strategic move underscores the promoter's continued confidence in the company's long-term growth trajectory and will further strengthen the capital base to support its business growth," he said, adding, a Rs 1,500 crore growth capital by promoter – among the largest in recent times – will push net worth of the company to approx Rs 10,000 crore. The proposed capital infusion would sustain high growth for this financial year and the NBFC would look at another round of equity raise may be early next financial year, he said. As far as the gold loan business is concerned, he said, it was launched in April and since then the company has opened 80 branches dedicated to this business across Gujarat, Haryana, Rajasthan and Maharashtra. Another 320 branches would be opened in the span of 7-8 months to take total branches to 400 by year end, he added. Other two businesses launched in April this year — shopkeeper loan and consumer durable loan, while commercial vehicle loan and education loan introduced in March are also getting good response, he said. In all, the Cyrus Poonawalla group promoted non-deposit taking systemically important non-banking finance company (ND-SI-NBFC) launched 5 products in 2025. As regards commercial vehicle loan, he said the company has commenced business across 27 locations in 10 states and completed on-boarding of 200 plus distribution partners while on the education loan side there will be a network to over 500 education consultants by March 2026 apart from a dedicated sales team. Talking about cost borrowing, he said, it has come down to 8.04 per cent during the first quarter as against 8.07 per cent in the March quarter. The credit cost is 1.43 per cent, among the best in the industry and fund raise is well diversified. During Q1FY26, the Pune-based NBFC raised Rs 5,458 crore through NCD (including sub-debt) to increase the proportion of long-term borrowings. This has increased NCD contribution to about 24 per cent of total borrowings against about 7 per cent as on March 2025. As far as asset acquisitions are concerned, he said, the priority would be on the secured lending business. PTI DP HVA view comments First Published: July 27, 2025, 13:15 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
