Poonawalla Fin Q2 FY27 Results (NSE: POONAWALLA)
Signal: Earnings grew
The read
The recovery is broadening for a sixth consecutive profitable quarter after the H1FY25 loss: Q2 total income grew 70.1% YoY to ₹2,624.84 crore and PAT grew 405.2% to ₹374.85 crore, while impairment moderated 2.0% sequentially but operating cash flow remained negative at ₹12,763.33 crore in H1FY27.
| Metric | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹2,624.84 Cr | 70.1% | 12.3% |
| Net profit | ₹374.85 Cr | 405.2% | |
| EPS | ₹4.27 | 349.5% | |
| EBIT margin | 0 |
P&L walk
Total income rose 70.1% YoY to ₹2,624.84 crore, led by interest income and fees, while PAT increased 405.2% to ₹374.85 crore despite finance costs rising 62.2% and impairment rising 34.4%.
Key positives
- Interest income rose 72.3% YoY to ₹2,415.54 crore and fees and commission income rose 102.5% to ₹207.47 crore, supporting 70.1% total-income growth.
- PAT increased 405.2% YoY to ₹374.85 crore, with impairment declining 2.0% sequentially to ₹346.37 crore.
- The company extended its profit recovery to a sixth consecutive quarter after the H1FY25 loss, while H1FY27 PAT reached ₹682.56 crore versus ₹136.80 crore in H1FY26.
Key concerns
- H1 operating cash flow was negative ₹12,763.33 crore versus negative ₹10,692.82 crore in H1FY26 despite H1 PAT of ₹682.56 crore, requiring monitoring of loan-book funding and working-capital absorption.
- Finance costs rose 62.2% YoY to ₹1,035.45 crore, limiting the benefit of 70.1% total-income growth.
- Q2 EPS rose 349.5% YoY to ₹4.27, below 405.2% PAT growth, after the ₹2,500 crore QIP and employee share issuances expanded the equity base.
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