POONAWALLA · Financial Services
Profit grew much faster than net interest income. Lower provisions, treasury gains or tax?
Net profit +406.8% on the year against net interest income +75.8% (interest earned ₹2,624 cr less interest paid ₹1,035 cr).
Source: Quarterly statements
Could not run on this quarter: Exceptional items that recur, Auditor's review or audit report, IPO money used as stated, Related-party transactions, Exits, postponements, restatements, Promoter pledges and allotments, Earlier promises against delivery, When the results were filed, Asset quality (lenders), Net interest margin (lenders). Most need the filing read (balance sheet, cash flow, auditor, disclosures).
Net profit a year ago, each driver's change, and net profit now. Blue added profit, red took it away.
This quarter's filing carries a balance sheet and a cash flow statement. The cash, receivables and borrowing checks run once the filing read is in.
Lenders are read on NIM, asset quality, provision cover and credit cost. Those come from the filing read, which is not in yet for this quarter, so margin, other-income and cash checks are withheld rather than shown on a template built for manufacturers.
| Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | Q2 FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total income | ₹763 cr | ₹915 cr | ₹978 cr | ₹989 cr | ₹1,057 cr | ₹1,166 cr | ₹1,314 cr | ₹1,542 cr | ₹1,818 cr | ₹2,115 cr | ₹2,330 cr | ₹2,624 cr |
| YoY | — | — | — | +34% | +39% | +27% | +34% | +56% | +72% | +81% | +77% | +70% |
| Exceptional items | — | — | — | — | — | — | — | — | — | — | — | — |
| Tax rate | 26% | 14% | 25% | — | 26% | 22% | 25% | 25% | 25% | 25% | 25% | 25% |
| Net profit | ₹265 cr | ₹332 cr | ₹292 cr | −₹471 cr | ₹19.0 cr | ₹62.0 cr | ₹63.0 cr | ₹74.0 cr | ₹150 cr | ₹255 cr | ₹308 cr | ₹375 cr |
| YoY | — | — | — | −155% | −93% | −81% | −78% | — | +689% | +311% | +389% | +407% |
| EPS | ₹3.45 | ₹4.28 | ₹3.76 | −₹6.06 | ₹0.24 | ₹0.80 | ₹0.80 | ₹0.91 | ₹1.85 | ₹3.13 | ₹3.49 | ₹4.26 |
| Flags | · | 1 | · | 1 | · | · | · | · | 1 | 1 | 1 | 1 |
Each quarter is read with the same rules. Balance-sheet and cash checks run on half-year and annual quarters; filing-read checks run where a read exists.
Poonawalla Fincorp Ltd. reported total income of ₹2,624 cr (+70.2% on the year) and net profit of ₹375 cr (+406.8% on the year) for July to September 2026.
1 check raised a question: Profit grew much faster than net interest income. Lower provisions, treasury gains or tax?
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