Poonawalla Fincorp Stock Price: Shares of NBFC Poonawalla Fincorp saw heavy selling pressure on October 25. Due to this, the stock fell by 17 percent. In the quarter of July-September 2024, the company received Rs. 471 crore net consolidated loss. A year ago, the company made Rs. 860.23 crore in profit. After the quarterly results came in, the shares saw a huge sell-off.
According to BSE data, shares of Poonawalla Fincorp on January 19, 2024 traded at Rs. It hit a 52-week high of 519.95. As of the end of September 2024, the promoters held 61.87 percent stake in the company. The lower price band for the stock with a circuit limit of 20 percent is Rs. is 286.55.
What was Poonawalla Fincorp's revenue position?- According to an exchange filing, Poonawalla Fincorp's consolidated revenue from operations in the July-September 2024 quarter rose to Rs. 988.87 crores. A year ago it was Rs. 738.65 crores. Expenses during the quarter rose to Rs. 1,626.95 crore in the September 2023 quarter to Rs. 437.20 crores.
How have the results been in the first half of FY25?- Poonawalla Fincorp's expenses in the April-September 2024 half-year rise to Rs. 2,233.16 crore, which was Rs. 876.42 crores. Consolidated income from operations for the half year ending September 2023 at Rs. 1,431.40 crore annually to Rs. 1,966.46 crores. A net consolidated loss of Rs. 179.40 crore, which was Rs. 1,086.22 crore was the profit.
