India's Poonawalla Fincorp jumps on quarterly profit rise

Poonawalla Fincorp

06/05/2026 05:29

** Shares of Poonawalla Fincorp POON.NS rise as much as 5.9, highest since February 26

** Stock last up 2.7% at 451 rupees

** Non-banking financial co's Q4 profit more than triples to 2.55 billion rupees ($26.82 million)

** Co's rev from ops jumps 81.3% to 21.15 billion rupees

** JM Financial ("Reduce"; PT: 410 rupees) says while AUM growth was robust, momentum slowed down QoQ due to sequential drop in overall disbursements

** Emkay Global ("Reduce"; PT: 360 rupees) says co remains well capitalized, providing sufficient headroom to sustain about 35% to 40% growth

** Stock rated as "Hold" on average by 9 analysts; median PT at 463 rupees, as per data compiled by LSEG

** More than 4.8 million shares change hands vs 30-day avg of 2.3 million shares

** YTD, stock down 5.5%

($1 = 95.0750 Indian rupees)

 (Reporting by Mridula Kumar in Bengaluru)

 ((Mridula.Kumar@thomsonreuters.com;))