Poonawalla Fincorp AUM grows 21% YOY to Rs 3,270 crore in Sept quarter

Sequentially, its consolidated asset portfolio expanded by 5% over Rs 17,660 crore at end of June 2022

Poonawalla Fincorp Ltd (PFL)'s consolidated assets under management (AUM) grew by 21 per cent year-on-year (YoY) to Rs 18,550 crore at end of September 2022 (Q2FY23), despite a sharp reduction in the discontinued loan book. Sequentially, its consolidated asset portfolio expanded by five per cent over Rs 17,660 crore at end of June 2022 (Q1FY23).

At a consolidated level, total disbursement for Q2FY23 stood at approximately Rs 3,720 crore, up 44 per cent YoY and eight per cent quarter-on-quarter (QoQ). The performance showed the highest-ever quarterly and monthly disbursement during Q2FY23 and September 2022 respectively, the company said.

The organic