Poonawalla Fincorp earnings calls.

Poonawalla Fincorp delivered a strong Q1 FY26 with AUM at INR 41,273 croresCurrent reported value: INR 41,273 crores. No comparable prior figure is available in the source record., growing 53% YoYCurrent 53% YoY. Reported change: +53pp YoY. and 15.8% QoQ, driven by robust disbursement momentum across new and existing product lines. The company completed a full year of strategic execution, launching 6-7 new businesses including Gold Loans, Consumer Durable Finance, Commercial Vehicle Loans, and Education Loans. Credit costs improved significantly to 2.61% (down 53bps QoQ), with an industry-leading 1.43% on the core 12-product book excluding STPL. The STPL legacy portfolio has been reduced to just 4% of AUM from 8% in Q4 FY25. The company raised INR 5,200 crores in secured NCDs during the quarter, increasing NCD share from 7% to 24% of borrowings, with promoter infusing INR 1,500 crores equity capital. NIM moderation was anticipated due to portfolio recalibration, with management guiding to ~9% NIM within 4 quarters. Operating expense ratio stands at 4.8% of average AUM as the company invests aggressively in expansion. PAT of INR 63Current reported value: 63. No comparable prior figure is available in the source record. crores reflects intentional investment phase in new businesses, branches, and AI initiatives. Key risks include near-term NIM compression during portfolio transition, elevated OpEx as new branches scale, and seasoning risk on newly launched unsecured products.