Poonawalla Fincorp - Winds Of Change, Giving Wings To Fly: Motilal Oswal Initiates Coverage

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. .Motilal Oswal Report.Poonawala Fincorp Ltd. is a non-banking financial company which focuses on consumer and small business finance via products like personal loans, loans to professionals, business loans, small and medium enterprise loans, loan-against-property, pre-owned car finance, medical equipment loans and auto lease. It operates across 21 states with a lean branch network and standalone assets under management of ~Rs 132 billion as of September 2022. This NBFC is the erstwhile Magma Fincorp wherein consequent to a capital raise of ~Rs 35 billion in May 2021, the Poonawalla Group acquired a controlling stake in the NBFC. With new promoters on board, Poonawala Fincorp’s access to liabilities rose multifold and it was able to achieve credit rating upgrades that resulted in a significant decline in the cost of borrowings (down ~190 basis points over last 12 months) with better and more diversified liability mix. This enabled Poonawala Fincorp to refocus on better credit-quality customers and realign its product suite to generate superior risk-adjusted returns..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Poonawalla Fincorp - Winds Of Change, Giving Wings To Fly: Motilal Oswal Initiates Coverage

With new promoters on board, Poonawala Fincorp’s access to liabilities rose multifold.

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