Poonawalla Fincorp plans ₹25,500 crore fundraise; Q3 profit jumps 8x, NII up 50%

Poonawalla Fincorp Limited Plans to Raise ₹25,500 Crore via Equity and Debt

Poonawalla Fincorp Limited has announced a major capital-raising plan of up to ₹25,500 crore, as its board approved a combination of equity and debt issuances to fund future growth, alongside reporting a sharp improvement in December-quarter earnings.

Key Highlights:

• Approved fundraising of up to ₹5,500 crore through equity, including via a qualified institutional placement (QIP) or other permissible routes, subject to shareholder approvals.
• Proposal to raise up to ₹20,000 crore through non-convertible debt securities (NCDs) on a private placement basis during FY27, with the issuance to be executed in one or more tranches.
• Equity raise may be undertaken through domestic or international offerings and will be used to strengthen its capital base as it scales up its lending business.
• Debt issuance will include a mix of secured and unsecured instruments, including bonds and subordinated debt, with flexibility on tenure and structure.

Q3FY26 Results:

Poonawalla Fincorp reported over 2x increase in its net profit at ₹150.2 crore, compared with ₹74.2 crore in the previous quarter and an eight fold year-on-year rise from ₹18.7 crore a year earlier, aided by higher interest income and improved operating leverage.

Key Financial Highlights:

• Net interest income (NII) surged 50% year-on-year to ₹920 crore, compared with ₹614 crore in Q3FY25, driven by strong loan growth and improving yields.
• Total income rose 18% YoY to ₹1,818.5 crore from ₹1,542.8 crore in Q2FY26.

Leadership Appointment:

The board also approved the appointment of Vikas Pandey as Additional Director and Whole-time Director for a five-year term, subject to shareholder approval.

Share Price:

Shares of Poonawalla Fincorp Limited closed 1.55% lower at ₹463.95 ahead of the announcements on Friday. The stock has gained 4.94% in the last one month.

Also Read: Wipro Q3 Results: Fourth quarter revenue growth seen between 0% to 2%; margins miss expectations

Also Read: ICICI Pru AMC vs HDFC AMC: Same biz, two different directions