POONAWALLA FINCORP LTD Q1 RESULTS
BJP hits out at AAP after waterlogging reported in several parts of Delhi
Bharatiya Janata Party (BJP) spokesperson Shehzad Poonawalla criticized the Aam Aadmi Party-run Delhi government after several areas reported waterlogging following heavy rains early Friday. Poonawalla specifically pointed out waterlogging at Minto Bridge, a location the AAP had claimed to have fixed. "The BJP leader claimed that waterlogging was also reported from Minto Bridge which AAP had claimed to have fixed."
Grihum Housing Finance Q4 Results: Net profit rises 24% YoY to Rs 46 crore
Grihum Housing Finance Q4 Results, Grihum Housing Finance Q4 earnings, Grihum Housing Finance shares , Grihum Housing Finance, markets news
Poonawalla Fincorp Q4 Results: Profit jumps 67% YoY to Rs 332 crore
Poonawalla Fincorp on Monday reported a 67 per cent jump in consolidated net profit to Rs 332 crore in the March quarter. The company had posted a net profit of Rs 199 crore during the corresponding quarter of the previous financial year.
Q4 results this week: Adani group to lead as 211 companies will declare earnings
With 211 companies announcing quarterly results this week, investors are particularly watching out for major names like Kotak Mahindra Bank, DMart, Ultratech Cement, Indian Oil, and many others across various industries.
NBFCs record strong growth led by retail loans
NBFCs experience strong growth in retail loans. Poonawalla Fincorp and L&T Finance record highest-ever disbursements. M&M Finance shows asset growth and high collection efficiency. Poonawalla Fincorp CEO to be replaced.
ETMarkets Management Talk | Poonawalla to launch co-branded card in Q4, says MD Abhay Bhutada
Poonawalla Fincorp plans to launch co-branded credit cards this quarter after receiving approval from the RBI. The credit cards will complement their existing product basket and make them an active participant in the payment ecosystem. The strategy for the credit card business includes offering it to their existing customer base and using it as a bundled offering for new customer onboarding. Poonawalla Fincorp aims to be embedded in the payments ecosystem and be a part of their customers' daily routine.
- Go To Page 1
Q3 results today: IndusInd Bank, Polycab among 42 companies to announce earnings
Q3 results today: Lender IndusInd Bank will announce its Q3 earnings along with 41 companies. Investors will closely watch the results of this fifth-largest private bank following HDFC Bank's unimpressive results. Other notable companies to track include Indiamart InterMesh, Mastek, Metro Brands, Polycab, Home First Finance Company, Poonawalla Fincorp, South Indian Bank, Shoppers Stop, and Tata Communications.
Q3 results this week: RIL, HDFC Bank, ICICI Bank, HUL, UltraTech Cement, Kotak Bank and others
Various companies including Reliance Industries, Jio Financial Services, HDFC Bank, Asian Paints, LTIMindtree, IndusInd Bank, Polycab India, HUL, UltraTech Cement, ICICI Bank, and Kotak Mahindra Bank will be releasing their December quarter report cards this week. On Monday, Jio Financial Services, Angel One, PCBL, Choice, International, Kesoram Industries, Fedbank Financial Services, Brightcom Group results will be out among others.
Unsecured loans in focus, fintechs see NBFC credit taps drying up
Large NBFCs like Aditya Birla Finance and Poonawalla Fincorp have informed the fintech startups they do business with that they will no longer provide capital for the highly risky buy-now-pay-later (BNPL) and very small ticket size consumer loans.
To deal with event risk: 5 largecap stocks from different sectors with upside potential of up to 38%
While the whole market has been in a bull run, there are some companies, which have been facing some headwinds due to micro and macro issues. But because they are large companies with experience and history of dealing with headwinds, these companies stay down for a long period. Which is the reason why the analyst scores have seen an improvement and have moved from negative to neutral territory or from neutral to positive one. ET screener powered by Refinitiv’s Stock Report Plus applies different algorithms & filters to all BSE and NSE stocks, and lists stocks which fulfill the various criteria as specified into the algorithms & filters to find those which might help navigate the stock market.
How to cash in on the almost bottom-up story of rural recovery? Gurmeet Chadha explains
“Elections are coming; on Wednesday, the government increased the DA for government employees and pensioners. We will see more and more rural spending pick up with the crop season, with a lot of announcements, as well as a huge festive season ahead. I expect the rural economy stocks to start picking up a little bit from here on.”
Q2 results this week: HDFC Bank, HUL, ITC, ICICI Bank, Kotak Bank, Wipro, Paytm and more
In the coming week, financials are set to dominate the earnings with big private banks including ICICI Bank, Kotak Bank, and HDFC Bank set to report their results. Apart from them, several Nifty heavyweight across sectors are slated to announce their earnings. Here's a look
IT attractive in long term; retail credit growth to continue: Pramod Gubbi
“We have historically hesitated to participate in real estate developers to play the real estate story. We played it through home-building materials, where there are some really fantastic business models which are not leveraged. We own paints companies, adhesives companies, pipes, footings. We prefer building materials because og our philosophy of looking for very low leverage on the balance sheet in the business model ”
Suzlon, Patanjali among top 7 stocks HNIs fell in love with in Q1
An analysis of the June quarter shareholding pattern shows that HDFC Bank saw one of the highest increases in HNI ownership, followed by Jhunjhunwala-owned Star Health and Radhakishan Damani's Avenue Supermarts.
L&T could remain a market leader; Bajaj Finance may see sell-on-news: Dipan Mehta
L&T could remain a stock market leader and outperformer, especially after the buyback, according to Dipan Mehta from Elixir Equities. Bajaj Finance is expected to have a solid quarter, but the stock price may not rally due to a sell-on-news syndrome, and the company faces new challenges such as Piramal Enterprises, Poonawalla Fincorp, and Jio Finance. Despite a historic earnings report, Delta Corp’s outlook is tricky with uncertainty surrounding the 28% levy on all gambling revenues.
Q1 results this week: Tata Steel, L&T, Axis Bank, Bajaj Finance, Tech Mahindra, Tata Motors, and others
Larsen & Toubro (L&T), Asian Paints, Tata Motors, Bajaj Auto, SBI Life Insurance Company, Jubilant FoodWorks, KPIT Technologies, Dixon Technologies, Suzlon Energy, among others will report Q1 results on July 25
Possible outliers! 7 NBFCs which also have strong parentage can rise up to 28%
If one looks at the survivor of the NBFC aftermath of 2018, it is very clear that it was a strong parentage which was the common binding factor in all the NBFC and financial services companies which not only survived but after a point of time also thrived. Now with a strong new player like Jio financial entering this space, what opinion analysts holds for other companies in this space with strong industrial backing.
HDFC Bank, IndusInd report strong loan growth, but CASA deposits lag
HDFC Bank's total deposits increased 19% to ₹19.13 lakh crore but the bank's CASA deposit growth was much slower at 11%. More importantly, the bank's CASA ratio has fallen to 42.5% in June 2023 from 44.4% in March 2023. Similarly, IndusInd Bank's loan book increased 21% to ₹3.01 lakh crore in June 2023 from ₹2.47 lakh crore a year ago.
Nifty Midcap 100 hits new high; experts see 25% rally
The index has gained 5% in the last six months and 20% in the last one year compared to Nifty's -1.7% and 12% returns during these periods. The ratio line of the Nifty Midcap 100 to Nifty 500 index has also recorded a breakout from five years of consolidation. This, according to analysts, indicates an acceleration of upward momentum in the broader market.
Rs 43,000 crore-reshuffle! Mutual funds sell 3 bank stocks to pick 5 largecaps
Mutual funds in India sold stakes in the country's 3 largest private banks in April, with ICICI Securities estimating that they sold over INR 14,000 crore ($1.9bn) worth of stakes in Axis Bank, ICICI Bank and HDFC Bank, while buying mortgage lender HDFC which is set to merge with the private bank. According to reports, funds also showed interest in IT firm Infosys after foreign investors dumped stocks in the business calling the recent Q4 earnings report "shocking." Investors are being advised to view their options with caution.
Is sticking to largecaps a better option in earnings season? 4 stocks with potential to rise up to 27%
On the list is an insurance major which after coming under pressure post budget has seen an up move, on the score it has moved from negative side to neutral one. Also on the list is a company from Adani group, it gets maximum coverage from analysts and has moved from negative to neutral territory score. These companies have come on the list because their scores have inched up and also their prices have moved up in the last one month. ET screener powered by Refinitiv’s Stock Report Plus applies different algorithms & filters to all BSE and NSE stocks, and lists down stocks which fulfill the various criteria as specified into the algorithms & filters.
Sticking to largecaps a better option in Q4 earnings season? 6 stocks with potential to rise up to 30%
On the list is the auto major, which after many quarters has shown improvement on all counts. Also coming on the list is a finance company which after the recent change in ownership has been expanding into new areas after shedding its housing finance business. These companies have come on the list because their scores have inched up and also their prices have moved up in the last one month. ET screener powered by Refinitiv’s Stock Report Plus applies different algorithms & filters to all BSE and NSE stocks, and lists down stocks which fulfill the various criteria as specified into the algorithms & filters.
Poonawalla Fincorp Q4 Results: PAT jumps 103% YoY to Rs 181 crore, dividend declared of Rs 2/share
The Board of Poonawalla Fincorp has recommended a dividend of Rs 2 per share (100% of face value) for FY23, subject to shareholders’ approval, the company said in an exchange filing.
Stocks in news: Bajaj Auto, Nestle India, IndusInd Bank, Bank of Maharashtra, Welspun India, Tata Tele
Bank of Maharashtra's net profit more than doubled year-on-year to Rs 840 crore in the fourth quarter as against Rs 355 crore in the same period last year.
Poonawalla Fincorp shares climb 6% after Q3 profit jumps 88% YoY
The company's return on assets (RoA) also surged to the highest-ever, at 4.50%, in the third quarter of 2022, a press release said. This marked a surge of 158 basis points YoY and 46 basis points as compared to the last quarter.
Poonawalla Fincorp rises over 4% after AUM grows 21% in Q2FY23
The company further said that its consolidated AUM grew by 21% YoY and 5% QoQ to approximately Rs 18,550 crores as of 30th September 2022, despite a sharp reduction in the discontinued loan book. Discontinued on-book stood at approximately Rs 1,300 crore as of 30th SeptemberThe AUM for its subsidiary, Poonawalla Housing Finance Limited (PHFL), stood at approximately Rs 5,600 crores as of 30th September..
Corporate Radar: Clean Science to turn ex-dividend; HDFC, Sun Pharma Q1 results; Biocon, DRL AGMs & more
Shares of ABM Knowledgeware (Rs 1.25 per share), MRF (Rs 144 per share), Praj Industries (Rs 2.7 per share), Hawkins Cookers (Rs 60 per share) and TCI Express (Rs 2 per share) had announced final dividend. The stocks went ex-dividend on Wednesday.
Poonawalla Fincorp Q1 Results: Profit jumps 117% YoY to Rs 141 crore
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.
Corporate Radar: Brigade to turn ex-dividend; Axis Bank, Tata Steel Q1 results; AGMs and more
Shares of Bombay Oxygen Investments (Rs 20 per share), Brigade Enterprises (Rs 1.5 per share), DCM Shriram Industries (Re 0.5 per share), Deepak Nitrite (Rs 7 per share), Graphite India (Rs 10 per share), Kamdhenu (Re 1 per share), Sharda Cropchem (Rs 3 per share) and The Grob Tea Company (Rs 2 per share) are among the companies which will go ex-dividend today.
Load More
