Poonawalla Fincorp is a diversified retail NBFC whose Q2 FY27 print will show whether its fast-scaling loan book — AUM of Rs. 67,054 Cr in Q1 FY27 — kept growing while funding costs rose. The most material things to watch are whether the 9.10% NIM held against new NCDs raised at 8.09%–8.43% coupons, and whether RoA continued climbing from 1.98% toward management's 3%–3.5% target by June 2028.
| Results date | October 09, 2026 |
|---|---|
| Quarter | Q2 FY 2026-2027 |
| Previous quarter revenue | Rs. 2,336.92 Cr (total income, Q1 FY27 consolidated) |
| Previous quarter PAT | Rs. 307.71 Cr (Q1 FY27 consolidated) |
| Previous quarter NII | Rs. 1,415 Cr (includes fee and other income) |
| Market cap | Rs. 38,165.28 Cr |
| CMP | Rs. 433.4 |
Poonawalla Fincorp's board meeting is scheduled for October 9, 2026, to consider the Q2 and H1 FY27 results. The trading window remained closed from October 1 through October 11, 2026.
The Q2 FY27 earnings call is scheduled for October 9, 2026, at 5:00 PM IST.
The Q2 FY27 print will test whether Poonawalla Fincorp can hold its 9.10% NIM after raising Rs. 1,315 Cr of NCDs across four tranches between August 12 and September 16, 2026, at coupons of 8.09% to 8.4308%, against a Q1 cost-of-borrowing uptick of about 9 bps. Demand-side tailwinds were strong through the quarter — RBI sectoral data showed NBFC gold loans growing 68.5% YoY in July 2026 and NBFC consumer durable lending accelerating to 51.5% — supporting the company's 460-branch gold loan network that disbursed about Rs. 875 Cr monthly in Q1. Management has guided for stable NIMs, and its ROA trajectory — 1.98% in Q1 FY27, up 17 bps QoQ, against a 3%–3.5% target by June 2028 — will be watched for whether funding-cost pressure flattens the slope. Credit cost, which improved for five consecutive quarters to 2.40% in Q1 FY27, and the legacy STPL write-off run-rate of about Rs. 275–280 Cr per quarter round out the margin picture. The call is also expected to cover opex-to-AUM, where management flagged 10–25 bps quarterly fluctuations from branch investment timing, and an update on the proposed JASPL shareholding sale.
ROA target and trajectory
NIM and funding costs
AUM growth guidance clarity
Asset quality and provisioning
Product performance, funding mix and strategic updates
Borrowing costs increased by about 9 bps in Q1 FY27, but management said diversified funding and rising disbursement yields supported its expectation for comfortable borrowing costs and NIM accretion. NIM stood at 9.10% in Q1 FY27.
Management reported no emerging trends of concern in Q1 FY27, with the latest six-month 30+ day delinquency for the most recent cohort at 0.64% and improved Stage 3 slippage ratios. The Chief Credit and Analytics Officer said slippage ratios improved around 5% and Stage 3 slippage ratios improved around 13% in Q1 FY27.
Management targets ROA of 3%–3.5% by June 2028, and Q1 FY27 RoA was 1.98%, up 17 bps QoQ. Management cited rising yields, collection efficiency, and product mix as drivers.
Management has given broad AUM growth guidance of 35%–40%, and Q1 FY27 AUM of Rs. 67,054 Cr was up 11% QoQ per the concall summary. Management has said growth could at times be higher than the guidance floor.