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Poonawalla Fincorp Q4 results: Profit jumps 70% QoQ to Rs 255 crore

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Poonawalla Fincorp Q4 results: Profit jumps 70% QoQ to Rs 255 crore
Poonawalla Fincorp reported a strong March quarter performance, with profit rising sharply on sequential improvement in margins, higher lending income and stable asset quality. The non-banking finance company on Tuesday reported a profit after tax of Rs 255 crore for the quarter ended March 2026, compared with Rs 150 crore in the December quarter, marking a 70% sequential jump.

Assets under management crossed the Rs 60,000 crore milestone and stood at Rs 60,348 crore at the end of March, the company said in its audited quarterly results.

Net interest income, including fees and other income, rose 78% YoY to Rs 1,276 crore during the quarter.
Pre-provision operating profit came in at Rs 695 crore, up 109% YoY, reflecting stronger operating leverage and higher business volumes.Net interest margin, including fees and other income, improved to 9.05% in the March quarter from 8.62% in the December quarter, an expansion of 43 basis points sequentially. The lender also reported improvement in asset quality.

Gross non-performing assets stood at 1.44% at the end of March, compared with 1.51% in the previous quarter. Net non-performing assets improved to 0.74% from 0.80% in the December quarter.
Credit cost as a percentage of average AUM eased to 2.51% in the March quarter from 2.62% in the previous quarter. Stage 1 assets, which represent the healthiest portion of the loan book, stood at 97.5% of on-book assets compared with 97.4% in the previous quarter.
The company said its secured-to-unsecured on-book mix stood at 54:46 during the quarter. Capital adequacy ratio stood at 16.83% as of March 31, with Tier-I capital at 15.90%, both above regulatory requirements.
Following its recently completed Rs 2,500 crore qualified institutional placement, the company said its simulated capital adequacy ratio would rise to 20.74% based on the March balance sheet, giving it additional headroom for growth.

Liquidity buffer stood at Rs 7,590 crore as of March 2026. Cost of borrowing declined marginally to 7.63%, lower by 2 basis points compared with the previous quarter.

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Commenting on the results, Managing Director and CEO Arvind Kapil said the company had reached an “inflection point” in its growth journey. “We have reached a pivotal inflection point in our growth trajectory. By simultaneously expanding our yields and optimizing our operating architecture, we are seeing a powerful expansion in incremental NIMs,” he said.

Poonawalla Fincorp said it continued to invest in technology, adding 19 new AI projects during the quarter, taking the total number of AI-led initiatives to 76, of which 42 have already been implemented.

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Healthcare Stocks Can Benefit From AI, Too. But That Isn’t the Reason to Buy Them.

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Healthcare Stocks Can Benefit From AI, Too. But That Isn’t the Reason to Buy Them.

Healthcare Stocks Can Benefit From AI, Too. But That Isn’t the Reason to Buy Them.

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What Will SpaceX’s IPO Mean for Your Index Funds?

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What Will SpaceX’s IPO Mean for Your Index Funds?

What Will SpaceX’s IPO Mean for Your Index Funds?

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Target recalls popular baby wipes after FDA finds potentially harmful bacteria

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Target recalls popular baby wipes after FDA finds potentially harmful bacteria

Target is recalling several Up & Up baby wipes products sold nationwide after testing identified potentially dangerous bacteria that could cause serious infections, particularly in infants and young children.

According to a recall notice posted Friday by the U.S. Food and Drug Administration (FDA), Target is voluntarily recalling certain lots of Up & Up Fragrance Free Baby Wipes and Up & Up Fresh Cucumber Scented Baby Wipes following customer complaints about product discoloration.

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FDA testing identified the presence of Burkholderia cepacia complex and Burkholderia gladioli in samples of the affected wipes.

Health officials warned that products contaminated with the bacteria could lead to serious and potentially life-threatening infections. The wipes are primarily used on newborns, infants and young children, a group considered particularly vulnerable because of their developing immune systems.

TARGET TO CUT PRICES ON 3,000 ITEMS AS INFLATION REMAINS ABOVE FED TARGET

Target fragrance free baby wipes

Up & Up Fragrance Free Baby Wipes sold at Target stores nationwide are included in a voluntary recall announced June 2026. (FDA / Unknown)

The FDA said healthy individuals who use the contaminated wipes on skin with minor cuts or abrasions may develop localized infections. However, infections in immunocompromised individuals, newborns and infants could spread into the bloodstream and potentially cause sepsis or pneumonia.

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The recalled wipes were manufactured by supplier Sapro Temizlik Urunleri and sold at Target stores nationwide as well as through Target.com.

Target and the manufacturer have received a number of consumer complaints and adverse event reports alleging product discoloration and symptoms including skin irritation, eye irritation and infections that may be linked to use of the wipes. The reports remain under investigation.

A representative for Target did not immediately respond to FOX Business’ request for comment.

TARGET SET TO OPEN ITS 2,000TH STORE, PLANS TO OPEN HUNDREDS MORE IN NEXT DECADE

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Cucumber scented baby wipes from Target

A three-pack of Up & Up Fresh Cucumber Scented Baby Wipes is shown. Target is recalling certain baby wipes products after FDA testing identified potentially harmful bacteria in product samples. (FDA / Unknown)

The recall affects multiple sizes of Up & Up Fragrance Free Baby Wipes, including 20-count, 72-count, 216-count, 800-count and 1,200-count packages, as well as Up & Up Fresh Cucumber Scented Baby Wipes sold in 72-count, 216-count and 800-count packages.

Consumers are being urged to stop using the recalled wipes immediately and return them to any Target store for a full refund.

Target said customers seeking additional information can contact Target Guest Relations at 1-800-440-0680.

The recall is being conducted with the knowledge of the U.S. Food and Drug Administration, and Target said it is continuing to investigate the matter in coordination with the manufacturer.

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Ticker Security Last Change Change %
TGT TARGET CORP. 122.57 -1.28 -1.03%

According to the FDA, the affected Up & Up Fragrance Free Baby Wipes were manufactured between Nov. 7, 2025, and May 5, 2026, and carry expiration dates ranging from May 10, 2028, through Nov. 5, 2028.

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The recalled Up & Up Fresh Cucumber Scented Baby Wipes were manufactured between Dec. 29 and Dec. 30, 2025, and carry expiration dates ranging from June 29, 2028, through June 30, 2028.

A complete list of affected UPCs, manufacturing codes and package sizes is available in the FDA recall notice.

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Senseonics Holdings, Inc. (SENS) Shareholder/Analyst Call Transcript

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

Tim Goodnow
President, CEO & Director

Thanks for joining us. And as we update you folks on the Senseonics story, it’s a pretty exciting time for us. As many of you know, for those that were able to join us a year ago, we had a partnership with the PHC Corporation for the commercial activities. We’ve transitioned that since we last spoke. And it’s a pretty exciting time for us as we’ve been able to leverage that experience and that capability significantly with our strategic investment into the commercial organization. And frankly, we’re very excited with the commercial results that we’re now getting.

So obviously, the control of our destiny is very, very important, because it gives us the ability to pivot and move quick, make adjustments, expand those areas that make the most sense and frankly, leverage the internal capability. But we’ve been able to do that because, although we did the transition, we’ve essentially brought the entire Ascensia commercial organization over under Brian’s leadership, and that really has made a seamless process that we’ve been very excited to be able to execute against.

We also made the decision as part of that transition in the last year that the primary issue for growth with Eversense in a highly competitive market, but a very attractive market really had to

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STK: Still Has Room To Run But Isn’t As Attractive (NYSE:STK)

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A10 Networks Q1 Preview: Not A 'Buy' Before Earnings, Not Ideal For Any Option Play (ATEN)

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Financial analyst by day and a seasoned investor by passion, I’ve been involved in the world of investing for over 15 years and honed my skills in analyzing lucrative opportunities within the market.I specialize in uncovering high quality dividend stocks and other assets that offer potential for long term-growth that pack a serious punch for bill-paying potential. I use myself as an example that with a solid base of classic dividend growth stocks, sprinkling in some Business Development Companies, REITs, and Closed End Funds can be a highly efficient way to boost your investment income while still capturing a total return that follows traditional index funds. I created a hybrid system between growth and income and manage to still capture a total return that is on par with the S&P.

Analyst’s Disclosure: I/we have a beneficial long position in the shares of STK either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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My Bullish Call On Bank Of America Aligns With Its Seeking Alpha Quant Rating (NYSE:BAC)

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My Bullish Call On Bank Of America Aligns With Its Seeking Alpha Quant Rating (NYSE:BAC)

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As an individual investor nearing retirement I am trying to build my financial assets in order to have a fulfilling retirement. I am interested in trading both long and short; or at least using inverse ETFs, to take advantage of market declines. Having long term and short term trading strategies, proper execution of my trading plan, and absolute investing results are my goals. I see my articles as a way to keep me focused on developing winning trades. I also expect to learn much from the feedback that is provided in the comments section.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in BAC over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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Kraft Heinz: There Are Better Options On The Table

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Kraft Heinz: There Are Better Options On The Table

Kraft Heinz: There Are Better Options On The Table

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Rolls-Royce: The Strong Forward Trajectory (OTCMKTS:RYCEY)

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Rolls-Royce: The Strong Forward Trajectory (OTCMKTS:RYCEY)

This article was written by

Luke Pomichter is a defense and national security professional with over a decade of experience spanning intelligence operations, cyber threat intelligence, and security engineering across the defense industrial base. He holds a PhD examining investment decision behavior through a behavioral finance and is a Stanford LEAD Candidate. His research interests sit at the intersection of national security and capital markets — areas where domain expertise is rare among financial professionals and informational edge is highest. He writes on aerospace, defense, and emerging technology equities as a natural extension of his professional background and ongoing graduate work. He is pursuing the CAIA designation and holds the CISSP and multiple GIAC certifications. The author publishes independently. Views expressed are his own and do not represent any employer or affiliated institution.

Analyst’s Disclosure: I/we have a beneficial long position in the shares of RYCEY either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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Nebius Is Priced For Flawless Delivery

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Nebius Is Priced For Flawless Delivery

Nebius Is Priced For Flawless Delivery

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Soccer-Iraq World Cup striker Hussein questioned for hours at Chicago airport, source says

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Soccer-Iraq World Cup striker Hussein questioned for hours at Chicago airport, source says


Soccer-Iraq World Cup striker Hussein questioned for hours at Chicago airport, source says

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