Poonawalla Fincorp on April 25 reported a net profit of Rs 62.33 crore for the January-March quarter of FY25. This marked a significant fall of over 81 percent from the Rs 331.
70 crore net profit reported in the corresponding quarter of the previous financial year. The company’s revenue from operations however rose over 27 percent YoY to Rs 1,166.27 crore.
The company didn’t declare any dividend, and said that it wishes to conserve capital in view of its future growth. (This is a developing story. Come back later for more updates.
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