Poonawalla Fincorp: 4 reasons it is this week’s stock pick
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Improved net interest income, focused AUM growth and provisioning reversal helped NBFC Poonawalla Fincorp report healthy profitability in the second quarter of 2022-23. It reported a PAT of Rs.163 crore that grew 70.8% y-o-y and a highest-ever RoA of 3.6%. Post-acquisition of the controlling stake by the Poonawalla group, the company has achieved credit rating upgrades and has maintained a better and diversified liability mix. The company offers