Poonawalla Fincorp Q2 results: Net profit rises 70.8% to Rs 163 cr

Net interest income for reporting quarter grew by 33 per cent at Rs 446 per cent

Poonawalla Fincorp Ltd's net profit rose by 70.8 per cent Year on Year (YoY) to Rs 163 crore in the second quarter ended September 2022 (Q2FY23) on improvement in disbursement and margins.

It's net interest income (NII) for reporting quarter grew by 33 per cent at Rs 446 per cent. Sequentially, NII was up by 12 per cent over Q1FY23. The net interest margin (NIM) rose to 9.8 per cent in Q2FY23, 77 basis points over a year ago level. Sequentially, it was up 35 basis points, PFL said in a statement today.

It's stock closed 4.58 per cent lower at Rs