In the last quarter of the financial year 2022, the consolidated net profit of Poonawalla Fincorp Ltd (PFL) improved the net interest margin and credit costs and has made a consolidated loss of Rs 648 crore in Q4Fy21. In FY22, Non-Banking Finance company (NBFC) has posted a consolidated net profit of Rs Rs 375 crore against a loss of Rs 559 crore in FY21

The board of directors of the company has recommended a dividend payment of 20 per cent for FY22, subject to shareholder’s approval, according to the Bombay Stock Exchange (BSE). The share of PFL, Magma Fincorp Ltd, has closed 5.9 per cent lower at Rs 216.5 per share.

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The Pune-based company’s net interest margins (NIM), on a consolidated basis, improved to 9.5 per cent for Q4Fy22, 33 up basis points over NIM in Q4Fy21. The consolidated assets under management (AUM) expanded by 16.5 per cent Year on Year basis to Rs 16,579 crore at the end of March 2022. It disbursed loans worth Rs 3,336 crore in Q4Fy22, up from Rs 1,426 crore in Q4Fy21. The AUM of its housing finance subsidiary Poonawalla Housing Finance Ltd (PHFL), rose by 27.2 per cent to Rs 5,060 crore.