Poonawalla Fincorp Ltd. reported a 45.6% rise in its net profit for the first quarter of this financial year.
Revenue increased by 40% year-on-year for the three months ended June, reaching Rs 996 crore.
Assets under management for the company grew by 52% to Rs 26,970 crore for the April-June quarter, the investor presentation said. The net interest income rose 42% year-on-year to Rs 676 crore.
The gross non-performing asset was recorded at 0.67%, down 75 bps during the same period last year, while the net NPA fell 44 bps to 0.32% during the quarter.
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