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Poonawalla Fincorp Q1 Results: Profit Slumps 78% On Higher Expenditure
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Poonawalla Fincorp Q1 Results: Profit Slumps 78% On Higher Expenditure
Poonawalla Fincorp on Friday reported 78.4% decline in June quarter net profit at Rs 63 crore, on higher expenditure.The non-banking financial company had a net profit of Rs 292 crore in the June quarter of Fiscal 2025.In a regulatory filing, Poonawalla Fincorp said its total income rose to Rs 1,314 crore in the quarter from Rs 996 crore a year ago. Total expenses more than doubled to Rs 1,231 crore from Rs 606 crore.Shares of Poonawalla Fincorp…
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