Q4 2024 Poonawalla Fincorp Ltd Earnings Call Transcript
Key Points
- Poonawalla Fincorp Ltd (BOM:524000) reported its highest ever quarterly disbursement of INR9,688 crores, up 52% year on year and 11% quarter on quarter.
- The company's asset under management (AUM) grew by 55% year on year to INR25,003 crore.
- Gross NPA stands at 1.16%, down by 28 bps year on year, reflecting strong asset quality.
- Net interest margin (NIM) stood healthy at 11.06%, up by 4 bps quarter on quarter.
- Operating profit for the quarter increased by 93% year on year to INR409 crore, showcasing strong profitability.
- Cost of borrowing increased by 18 basis points quarter-on-quarter to 8.17%, reflecting a tighter interest rate environment.
- The company's net worth saw a complex adjustment due to ESOP trust accounting, which might confuse some investors.
- Despite strong performance, the company faces external challenges such as volatile crude oil prices and geopolitical tensions.
- The transition of the Managing Director role might raise concerns about continuity in leadership.
- Increased regulatory scrutiny in the NBFC sector could pose future compliance challenges.
Ladies and gentlemen, good day, and welcome to Poonawalla Fincorp Limited Q4 FY24 results conference call. (Operator Instructions)
Please note that this conference is being recorded. I now hand the conference over to Mr. Hiren Shah, Head of Investor Relations, Strategy and BIU. Thank you, and over to you, sir.
Thank you, Ria. Good evening, everyone, and thanks for joining this conference call. It is our pleasure to welcome you all to discuss Poonawalla Fincorp's business and financial performance for the quarter and year ending March 31, 2024.
To discuss all this in detail, I have with me our Managing Director; Mr. Abhay Bhutada; our Executive Director, Mr. Sunil Samdani; and other senior management officials; and myself, Hiren Shah, Head of Strategy, BIU and Investor Relation.
Now I would like to request our Managing Director, Mr. Abhay Bhutada to brief you all about company's operational and financial performance, along with development for the quarter ending March
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