Poonawala Fincorp Results Analysis

Interest Earned for Q2FY26 is Rs. 1,402 Crs., 53.9% growth YoY, Net Interest Income is Rs. 905 Crs., 40.3% growth YoY, PBT Rs. 99 Crs. Turned profitable from loss of 630 Cr., PAT Rs. 74 Crs. Turned profitable from loss of 471 Cr., Total AUM 47,701 Cr. 67.98% Growth YoY. For Q2FY26 Gross NPA 1.59% vs 2.1% in Q2FY25, Net NPA 0.81% vs 0.33% in Q2FY25 . On QoQ basis Interest Earned has achieved 18.3% growth, Net Interest Income has grown by 17.8%, PBT is grown by 19.3%, PAT is grown by 17.5%, Total AUM also grown by 15.6% QoQ. The quarter shows strong growth with improving asset quality and a structurally strengthening liability profile. The near-term P&L is investment-heavy with credit costs still elevated, but the combination of mix shift (secured, calibrated unsecured), legacy STPL runoff, and operating leverage from distribution and automation supports a constructive medium-term profitability trajectory.