Chennai, July 2023

The Board of Directors of Poonawalla Fincorp Limited, a non-deposit taking systemically important NBFC, focusing on consumer and MSME finance, announced its unaudited financial results for the quarter ended June 30, 2023.

Key Highlights – Q1FY24 (Standalone):

Assets:

• Highest ever quarterly Disbursements at ₹ 7,063 crore,up 143% YoY and 11% QoQ.

• Assets Under Management (AUM) at ₹ 17,776 crore,up 41% YoY and 10% QoQ.

• Direct Digital Program (DDP) contribution indisbursements increased to 86% in Q1FY24 as compared to 81% in Q4FY23.

Asset Quality:

• Gross NPA at 1.42%, reduced 126 bps YoY and 2 bpsQoQ.

• Net NPA at 0.76%, reduced 35 bps YoY and 2 bps QoQ.

Profitability:

• Highest ever quarterly PAT at ₹ 200 crore for Q1FY24, up 62% YoY and 11% QoQ.

• Return on Assets (RoA) for Q1FY24 at 4.8%, up 67bps YoY.

• Net Interest Margin (NIM) for Q1FY24 was at 11.4%, an improvement of 108 bps YoY and 12 bps QoQ.

• Operating expenses for Q1FY24 stood at ₹ 183 crore,down 4% YoY and 7% QoQ.

• Operating Profit (PPOP) for Q1FY24 was at ₹ 294crore, up 148% YoY and 39% QoQ.

Capital Adequacy and Liquidity:

• Capital Adequacy Ratio stood at 36% as of June 30,2023.

• Liquidity buffer stood at ₹ 4,020 crore as of June 30,2023.

Commenting on Poonawalla Fincorp’s Q1FY24 performance, CA Abhay Bhutada, Managing Director,said “We have taken the FY23 momentum ahead with a fantastic start to FY24. The business growth has been strong, complemented with best-in-class asset quality and superior profitability. Our Fintech model, with the focus on increasing productivity and improving efficiency, has led to a further reduction in operating expenses. We continue to focus on the future as we constantly innovate, invest in future trends, remain agile and build a deep eco-system play. We are all geared up and excited about the journey ahead and are confident of delivering an exceptional performance.”

For more information, please log on to:www.poonawallafincorp.com