After seeing flat growth in assets under management (AUM) till Q3FY22, Poonawalla Fincorp (PFL) expects to increase the monthly disbursement of loans from around Rs 600 crore now to Rs 1,000 crore till March 2023.
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It is looking to cross AUM of Rs 21,000 crore by the end of FY23. Thereafter, it plans to expand the book at a compound annual growth rate (CAGR) of 30-32 per cent.
The company’s AUM was flat at Rs 15,228 crore at the end of December 2021 against Rs 15,006 crore in December 2020. It was Rs 15,275 crore in September 2021.
On the flat growth in assets, the company said the consolidated AUM consists of certain discontinued loan products. This did not allow a significant ramp up in the initial year or so.
