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Poonawalla Fincorp Q1 Update: AUM Grew 52% To Rs 26,970 Crore
Assets under management for the company grew by 52% to Rs 26,970 crore for the April-June quarter, the statement said.
05 Jul 2024, 07:20 AM IST ![NDTV Profit](/icons/feather-without-circle.svg)
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![<div class="paragraphs"><p>Billionaire Adar Poonwalla-owned non-bank lender Poonawalla Fincorp Ltd. in Pune, India (Photographer: Shubhayan Bhattacharya/NDTV Profit) </p></div>](https://media.assettype.com/bloombergquint%2F2024-01%2F52cc7c1f-b61e-47c0-9b21-59f4f1473b73%2FPoonawalla_Fincorp_FB.jpg?rect=0%2C0%2C1393%2C784&auto=format%2Ccompress&w=200)
Billionaire Adar Poonwalla-owned non-bank lender Poonawalla Fincorp Ltd. in Pune, India (Photographer: Shubhayan Bhattacharya/NDTV Profit)
Poonawalla Fincorp Ltd's. total disbursement rose 5% to Rs 7,400 crore in the first quarter of fiscal 2025, according to a business update on Thursday. This compares with Rs 7,063 crore for the same period last year.
Assets under management for the company grew by 52% to Rs 26,970 crore for the April-June quarter, the statement said.
The gross non-performing asset of the lender is expected to be less than 1%, while the net non-performing assets is also expected to be below 0.50%.
The Pune-based company has ample liquidity of Rs 5,200 crore, as on June 30, it said.
Shares of Poonawalla Fincorp closed 0.07% lower at Rs 416.60 apiece, as compared to 0.08% gains in the country's benchmark BSE Sensex 30.
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