India's Poonawalla Fincorp rises on strong second quarter results

Poonawalla Fincorp

12/10/2026 05:17

** Shares of India's Poonawalla Fincorp POON.NS rise 3.6% to 463.55 rupees
** Consumer lender says Q2 consolidated revenue rose to 26.25 billion rupees ($271.29 million) from 15.42 billion rupees last year
** Co says consolidated net profit rose to 3.75 billion rupees from 742 million rupees, 4% above Jefferies' estimate
** Emkay Global and Jefferies says AUM growth of 55% Y/Y, improved NIMs due to better lending yields and lower credit costs helped co beat profit estimates and lift RoE to 15% by FY28 from 6% in FY26
** JM financial says robust loan disbursements and high- yield products drove margin expansion 
**Stock rated "buy" on avg by nine analysts, with median PT of 542.50 rupees - data compiled by LSEG
** Stock down 7.38% YTD

($1 = 96.7600 Indian rupees)

 (Reporting by Anushka Rajvedi in Bengaluru)
 ((mailto: anushka.rajvedi@thomsonreuters.com))