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Poonawalla Fincorp net profit jumps 5 times to Rs 860 crore
Profits were helped by a gain of '2,309 crore due to the sale of Poonawalla Housing Finance to TPG Global LLC, which was approved by the Reserve Bank of India in May. Excluding this exceptional item, the company still made a record quarterly net profit of '230 crore, up 77% year on year.
