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Poonawalla Fincorp Ltd on Friday, January 16, announced a major capital-raising plan of up to ₹25,500 crore, as its board approved a combination of equity and debt issuances to fund future growth, alongside reporting a sharp improvement in December-quarter earnings.
In a regulatory filing, the non-banking financial company (NBFC) said its board has approved fundraising of up to ₹5,500 crore through equity, including via a qualified institutional placement (QIP) or other permissible routes, subject to shareholder approvals.
The board also cleared a proposal to raise up to ₹20,000 crore through non-convertible debt securities (NCDs) on a private placement basis during FY27, with the issuance to be executed in one or more tranches.
The company said the equity raise may be undertaken through domestic or international offerings and will be used to strengthen its capital base as it scales up its lending business. The debt issuance will include a mix of secured and unsecured instruments, including bonds and subordinated debt, with flexibility on tenure and structure.
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The fundraising approvals came alongside the announcement of Q3FY26 results, with Poonawalla Fincorp reporting over 2x increase in its net profit at ₹150.2 crore, compared with ₹74.2 crore in the previous quarter and an eight fold year-on-year rise from ₹18.7 crore a year earlier, aided by higher interest income and improved operating leverage.
Net interest income (NII) surged 50% year-on-year to ₹920 crore, compared with ₹614 crore in Q3FY25, driven by strong loan growth and improving yields. Total income rose 18% YoY to ₹1,818.5 crore from ₹1,542.8 crore in Q2FY26.
In a separate announcement, the board also approved the appointment of Vikas Pandey as Additional Director and Whole-time Director for a five-year term, subject to shareholder approval.
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The company said notices seeking shareholder approvals for the proposed equity fundraising and board appointment will be issued via the postal ballot process.
Earlier this month, Poonawalla Fincorp said its assets under management (AUM) grew by 77.5% from the previous year and by 15.3% sequentially to around ₹55,000 crore as on December 31, 2025.
Shares of the company Poonawalla Fincorp Limited closed 1.55% lower at ₹463.95 ahead of the announcements on Friday. The stock has gained 4.94% in the last one month.
In a regulatory filing, the non-banking financial company (NBFC) said its board has approved fundraising of up to ₹5,500 crore through equity, including via a qualified institutional placement (QIP) or other permissible routes, subject to shareholder approvals.
The board also cleared a proposal to raise up to ₹20,000 crore through non-convertible debt securities (NCDs) on a private placement basis during FY27, with the issuance to be executed in one or more tranches.
The company said the equity raise may be undertaken through domestic or international offerings and will be used to strengthen its capital base as it scales up its lending business. The debt issuance will include a mix of secured and unsecured instruments, including bonds and subordinated debt, with flexibility on tenure and structure.
Also read: Wipro Q3 Results: Fourth quarter revenue growth seen between 0% to 2%; margins miss expectations
The fundraising approvals came alongside the announcement of Q3FY26 results, with Poonawalla Fincorp reporting over 2x increase in its net profit at ₹150.2 crore, compared with ₹74.2 crore in the previous quarter and an eight fold year-on-year rise from ₹18.7 crore a year earlier, aided by higher interest income and improved operating leverage.
Net interest income (NII) surged 50% year-on-year to ₹920 crore, compared with ₹614 crore in Q3FY25, driven by strong loan growth and improving yields. Total income rose 18% YoY to ₹1,818.5 crore from ₹1,542.8 crore in Q2FY26.
In a separate announcement, the board also approved the appointment of Vikas Pandey as Additional Director and Whole-time Director for a five-year term, subject to shareholder approval.
Also read: ICICI Pru AMC vs HDFC AMC: Same biz, two different directions
The company said notices seeking shareholder approvals for the proposed equity fundraising and board appointment will be issued via the postal ballot process.
Earlier this month, Poonawalla Fincorp said its assets under management (AUM) grew by 77.5% from the previous year and by 15.3% sequentially to around ₹55,000 crore as on December 31, 2025.
Shares of the company Poonawalla Fincorp Limited closed 1.55% lower at ₹463.95 ahead of the announcements on Friday. The stock has gained 4.94% in the last one month.
