Poonawalla Fincorp Opens Qualified Institutions Placement with Floor Price of ₹390.26 Per Share

Poonawalla Fincorp Limited has announced the commencement of its qualified institutions placement (QIP) of fully paid-up equity shares with a floor price of ₹390.26 per share. The Committee of Directors approved the opening of the issue on April 9, 2026, following requisite board and shareholder approvals.

Committee Approvals and Documentation

The Committee of Directors, comprising Board members, convened on April 9, 2026, from 6:50 p.m. to 7:05 p.m. to formalize the QIP launch. The committee passed resolutions covering multiple aspects of the placement:

Parameter Details Issue Opening Date April 9, 2026 Floor Price ₹390.26 per equity share Face Value ₹2 per equity share Meeting Duration 6:50 p.m. to 7:05 p.m. Preliminary Placement Document Date April 9, 2026

The committee authorized the opening of the issue, approved the preliminary placement document dated April 9, 2026, and established the floor price based on SEBI ICDR Regulations pricing formula.

Regulatory Framework and Pricing

The QIP is being conducted under Chapter VI of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, and Sections 42, 23(1)(b) and 62(1)(c) of the Companies Act, 2013. April 9, 2026 serves as the relevant date for pricing purposes under Regulation 171(b)(i) of the SEBI ICDR Regulations.

Regulatory Aspect Details Relevant Date April 9, 2026 Pricing Regulation Regulation 176(1) of SEBI ICDR Regulations Maximum Discount Permitted Up to 5% on floor price Shareholder Approval Date February 19, 2026 Board Approval Date January 16, 2026

The final issue price will be determined by the company in consultation with appointed book running lead managers. Under regulatory provisions and shareholder approval obtained through special resolution on February 19, 2026, the company may offer a discount of up to 5% on the calculated floor price.

Prior Approvals and Trading Window

The QIP received initial Board of Directors approval at the meeting held on January 16, 2026. Shareholders subsequently approved the placement through a special resolution passed via postal ballot on February 19, 2026. The company has implemented trading window restrictions for designated persons as per its Code of Conduct for Prohibition of Insider Trading, with the trading window already closed for all designated persons and their immediate relatives.

The preliminary placement document dated April 9, 2026, along with the application form format, has been filed with stock exchanges as part of the regulatory compliance process under SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Poonawalla Fincorp Limited has delivered exceptional financial performance for the nine months ended December 31, 2025, marking a significant turnaround in its business operations. The non-banking financial company reported comprehensive growth across key financial metrics, demonstrating strong operational efficiency and strategic execution.

Financial Performance Overview

The company's financial results showcase remarkable improvement across all major parameters. Total income surged to ₹4,675.26 crores for the nine months ended December 31, 2025, representing substantial growth from ₹3,049.53 crores in the corresponding period of 2024.

Financial Metric Nine Months Ended Dec 31, 2025 Nine Months Ended Dec 31, 2024 Change Total Income ₹4,675.26 crores ₹3,049.53 crores +53.32% Revenue from Operations ₹4,674.69 crores ₹3,023.49 crores +54.61% Profit/(Loss) for the Period ₹287.02 crores (₹160.67 crores) Turnaround Total Comprehensive Income ₹279.49 crores (₹158.82 crores) Turnaround

Revenue Composition and Growth

The company's revenue streams demonstrated strong performance across categories. Interest income, the primary revenue driver, reached ₹4,247.22 crores compared to ₹2,806.03 crores in the previous year. Fees and commission income also showed robust growth, increasing to ₹281.00 crores from ₹125.20 crores.

Revenue Component Dec 31, 2025 Dec 31, 2024 Interest Income ₹4,247.22 crores ₹2,806.03 crores Fees and Commission Income ₹281.00 crores ₹125.20 crores Net Gain on Fair Value Changes ₹0.03 crores - Net Gain on Derecognition ₹138.96 crores ₹78.79 crores

Balance Sheet Strength

The company's balance sheet reflects substantial growth and improved asset quality. Total assets expanded significantly to ₹54,183.17 crores as of December 31, 2025, compared to ₹35,029.94 crores as of March 31, 2025. The loan portfolio, representing the core business, grew to ₹51,106.95 crores from ₹32,694.96 crores.

Balance Sheet Item Dec 31, 2025 Mar 31, 2025 Total Assets ₹54,183.17 crores ₹35,029.94 crores Loans (Net) ₹51,106.95 crores ₹32,694.96 crores Cash and Cash Equivalents ₹297.86 crores ₹24.65 crores Total Equity ₹10,046.44 crores ₹8,174.66 crores

Operational Efficiency Improvements

The company demonstrated significant improvements in operational efficiency and cost management. Total expenses increased to ₹4,292.72 crores from ₹3,265.15 crores, but the growth was proportionally lower than revenue growth, indicating improved operational leverage.

Finance costs rose to ₹1,922.61 crores from ₹1,056.71 crores, reflecting the expanded business scale. However, impairment on financial instruments decreased substantially to ₹794.22 crores from ₹1,299.99 crores, suggesting better asset quality management.

Earnings Per Share Performance

The company's earnings per share showed remarkable improvement, with basic earnings per share reaching ₹3.65 compared to a loss per share of ₹2.08 in the previous year. Diluted earnings per share stood at ₹3.64, reflecting the positive impact of the company's turnaround strategy.

Capital Structure and Funding

The company strengthened its capital position through strategic fundraising initiatives. During the period, Poonawalla Fincorp issued 33,148,102 fully paid-up equity shares at ₹452.51 per share through preferential allotment to Rising Sun Holdings Private Limited, raising approximately ₹15,000 crores.

Debt securities increased significantly to ₹13,740.05 crores from ₹1,663.99 crores as of March 31, 2025, while borrowings other than debt securities grew to ₹28,283.02 crores from ₹23,978.97 crores, supporting the expanded lending operations.

Future Outlook and Strategic Initiatives

The Board of Directors approved a proposal to raise funds through qualified institutional placement for up to ₹5,500 crores, subject to regulatory approvals. This initiative demonstrates the company's commitment to further strengthening its capital base and supporting future growth plans.

The financial statements were approved by the Committee of Directors on April 9, 2026, and have been recommended by the Audit Committee. The results reflect the company's successful execution of its strategic initiatives and position it well for continued growth in the competitive NBFC sector.

We’re building Scanx - to help you express your trading & investing idea, to help you analyse the markets better.

Stock Markets are the true indicator of the growth of any country's economy. We are bullish on India, we are bullish on India's prospects to be one of largest economies of the world. We believe that Stock Markets provide an unique opportunity for all Indians to participate in the growth story of India. We are enabling the same for Indians.

As financial services are becoming more accessible, there is now a large set of Indians today who are financially aware and literate. They value time and seek high quality products & services. Most screening, trading, investing platforms available today are more or less similar to each other, and they have not evolved with time. While both traders & investors have gotten smart about how they make money and build wealth, as users they have continued to use the same products, features, and platforms that were available for years with little or no innovation. We plan to change that - a technology-led platform built for super traders and long term investors.