Poonawalla Fincorp Q4FY24 Business Update: Strong AUM Growth of 13% QoQ and Significant Improvement in Asset Quality
Management Commentary
Commenting on the quarterly Business update, Abhay Bhutada, Managing Director, Poonawalla Fincorp, said, “FY24 was the year of significant growth across all business parameters reflective of successful and seamless transformation. The year witnessed remarkable improvement not only on AUM but also on profitability and credit quality across four quarters.
Q4FY24 was the best quarter thus far with the highest ever quarterly disbursement across all products, all through organic route, with best-in-class asset quality. We continue to have amongst the lowest cost of funds in the industry.
This sets us on course to achieve the stated Vision 2025."
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