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Earnings Review: Poonawalla Fincorp PAT up 46% on firm revenue growth

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Earnings Review

Poonawalla Fincorp PAT up 46% on firm revenue growth

This story was originally published at 19:53 IST on July 20, 2024  Back
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By Kabir Sharma

Poonawalla Fincorp Ltd reported a consolidated net profit of 2.92 bln rupees for the quarter ended June on the back of a robust growth in revenue. The profit was up 45.8% from 2 bln rupees in the year-ago period, but sharply down from 3.32 bln rupees in Jan-Mar. In the March quarter, the company saw a one-time gain of 413 mln rupees, which had given a boost to the bottomline.

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