Economy · India
Poonawalla Fincorp Reports Five-Fold Profit Surge in Q2
Poonawalla Fincorp announced a net profit of ₹375 crore for the second quarter, a five-fold increase year-on-year. The company's net interest income rose by 75.6% due to loan portfolio expansion. New disbursements accounted for 28% of the total, exceeding ₹4,400 crore. Revenue for the quarter was reported at ₹2,624 crore.
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- Centre (3): Business Today, The Economic Times, The Hindu BusinessLine