Synopsis:
Poonawalla Fincorp Ltd’s share hits new 52 week high after the board approved the allotment of 3.31 crore equity shares to its promoter, Rising Sun Holdings
NBFC stock is in the spotlight today after the board has approved the allotment of 3.31 crore equity shares to the promoter, Rising Sun Holdings, boosting the company’s capital and drawing investor attention.
With the market capitalization of Rs. 38,855.24 crore, the shares of Poonawalla Fincorp Ltd trading at Rs. 498.70, up by 11.56 percent from its previous day’s close price of Rs. 447.10 per equity share, and it has made a new 52 week high in today’s trading session at Rs. 513.35.
What’s the News?
The Company’s board has approved the allotment of 3.31 crore equity shares to the promoter, Rising Sun Holdings, at Rs. 452.51 per share, raising a total of Rs. 1,499.98 crore. This significant infusion strengthens the company’s capital base and reinforces the promoter’s commitment, positioning the NBFC for future growth and expansion. As of June 2025, the promoter Rising Sun Holdings holds 62.46 percent stake in the company.
About the Company
Poonawalla Fincorp Limited, formerly Magma Fincorp, is a Mumbai-based NBFC and a subsidiary of Rising Sun Holdings. Incorporated in 1978, it provides a wide range of financing solutions in India, including personal, business, MSME, gold, education, pre-owned vehicle, machinery, and digital loans, as well as supply chain financing, credit leasing, and insurance services. The company serves individuals, professionals, students, MSMEs, firms, companies, trusts, and societies.
Financial Outlook
In Q1FY26, the company reported revenue of Rs. 1,314 crore, up 34 percent YoY from Rs. 978 crore and 13 percent QoQ from Rs. 1,166 crore. However, net profit was Rs. 63 crore, down sharply 78 percent YoY from Rs. 292 crore but largely stable QoQ compared to Rs. 62 crore, reflecting strong top-line growth despite significant profit contraction.
Written by Akshay Sanghavi
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Trade Brains Technologies Private Limited or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
