India's Poonawalla Fincorp falls as finance costs, impairment charges rise in Q1

Poonawalla Fincorp

20/07/2026 06:43

** Shares of India's Poonawalla Fincorp POON.NS fall 2.5% to 465.30 rupees
** Non-banking financial co reports consol revenue increased 77.3% Y/Y, while consol net profit surged nearly five-fold Y/Y in Q1 FY27  
** However, finance costs jumped 69% Y/Y, while impairment on financial instruments rose 47% 
** Jefferies (raises PT to 560 rupees from 490 rupees, maintains "buy" rating) says June-quarter profit is in-line with estimates, with higher fee income offsetting slight NII miss and marginally higher provisions
** POON rated "buy" on average by 10 analysts, median PT at 491.50 rupees--LSEG compiled data
** Stock down 3.7% YTD

 (Reporting by Payel Das in Bengaluru)
 ((Payel.das@thomsonreuters.com))