Poonawalla Fincorp Ltd’s consolidated assets under management (AUM) increased by 21 per cent year-on-year (YoY) to Rs 18,550 crore at the end of September 2022 (Q2FY23), despite a sharp drop in the discontinued loan book. Sequentially, its consolidated asset portfolio grew by five per cent over Rs 17,660 crore at the end of June 2022 (Q1FY23).

Poonawalla Fincorp Ltd (PFL) reported that at a consolidated level, total disbursement for Q2FY23 remained at about Rs 3,720 crore, up 44 per cent year-on-year and eight per cent quarter-on-quarter. The performance demonstrated the highest-ever quarterly and monthly disbursement during Q2FY23 and September 2022, respectively.

The organic monthly disbursements of the company in September 2022 were Rs 1,290 crores, creating a strong growth trajectory for H2FY23. The management has guided for 30 per cent YoY growth for the year. The company said the discontinued on-book remained at about Rs 1,300 crore at the end of September 2022, down from Rs 2,281 crore in June 2022 and Rs 2,974 crore in March 2022.

In May 2022, PFL had indicated to rundown the discontinued book over the next 18 to 24 months. The discontinued book now remains at 17.9 per cent of consolidated AUM at the end of March 2022.

The consolidated figures include the performance of the housing finance subsidiary Poonawalla Housing Finance Ltd. PHFL’s AUM stood at about Rs 5,600 crore as on September 30, 2022, up from Rs 5,282 crore at the end of June 2022.