Poonawalla Fincorp Q2 Profit Jumps Five-Fold to ₹375 Crore on Strong Loan Growth
Poonawalla Fincorp reported a sharp surge in second-quarter net profit to ₹375 crore, nearly five times higher year on year, powered by rapid expansion in its loan book and a 75.6% rise in net interest income. The lender also reported improving asset quality, with gross non-performing assets easing to 1.2%, while capital adequacy remained robust at 18.7%, underscoring a strong balance-sheet position.
