Poonawalla Fincorp stock jumps after its Q3 update shows 159% YoY rise in loan disbursements
In the Q3 update on Thursday, Poonawalla Fincorp said that its total disbursements during Q3FY24 were the highest-ever at approximately Rs 8,730 crore, up 159 per cent Year-on-Year, and 12 per cent Quarter-on-Quarter (QoQ) compared to disbursements of Rs 3,369 crore in Q3FY23 and Rs 7,807 crore in Q2FY24.
![Poonawalla Fincorp stock jumps after its Q3 update shows 159% YoY rise in loan disbursements](https://cdn.zeebiz.com/sites/default/files/2024/01/04/275110-poonawalla-corp-company.jpg?im=FitAndFill=(1200,900))
Poonawalla Fincorp said that its Assets Under Management grew by 57 per cent YoY and 8 per cent QoQ to approximately Rs 21,850 crore as on December 31, 2023. Photo: File/Representational