12-Oct-2026 13:31:37
POONAWALLAGeneral news
MOTILAL OSWAL ON POONAWALLA FINCORP ; BUY | TP ₹570
• Q2FY27 results broadly in line, supported by NIM expansion and lower credit costs; PAT at ~₹370 crore. • AUM grew ~55% YoY to ~₹74,000 crore; management targets 35–40% medium-term AUM CAGR. • NIM expanded ~25 bps QoQ to ~7.05%, aided by better yields and favourable product mix. • Credit cost moderated to ~2.15% annualised, with improving portfolio quality. • FY27/FY28 EPS estimates raised by ~3% each on higher NIM assumptions. • Motilal Oswal models ~44% AUM CAGR and ~120% PAT CAGR over FY26–28E. • FY28E profitability estimated at ~2.4% RoA and ~17% RoE.
POONAWALLA FINCORP LTD