Poonawalla Fincorp Q1 Results: Profit jumps 117% YoY to Rs 141 crore

Non-bank lender Poonawalla Fincorp reported a 117% jump in consolidated net profit for the June quarter at Rs 141 crore owing to robust business growth and improvement in net interest margin.

Its net profit was at Rs 65 crore in the year ago period.

Net interest margin for the quarter rose 155 basis points to 9.5% against what it was a year back. Assets under management grew 22.4% year-on-year to Rs 17,660 crore.