 "Poonawalla Fincorp")
Poonawalla Fincorp Limited on Monday reported an 88 per jump in net profit to Rs 150 crore for the third quarter ended December 2022.
The non-deposit-taking non-banking finance company (NBFC) focusing on consumer and MSME finance had reported a net profit of Rs 80 crore in the year-ago period.
Total income in the quarter rose to Rs 519 crore as against Rs 394 crore a year ago, Poonawalla Fincorp said in a regulatory filing.
Net Interest Margin of the company rose to 10.7 per cent, an improvement of 94 basis points.
On asset quality, the gross non-performing assets (NPAs) fell to 1.69 per cent, down by 236 basis points (bps) year-on-year. The net NPAs stood at 0.89 per cent, 108 bps lower.
Capital Adequacy Ratio stood at 44 per cent as of December 31, 2022, it added.
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