Poonawalla Fincorp reported audited results for the quarter and year ended 31 March 2026, with assets under management at Rs 603,480 million (mn). Net interest income rose by 78.5 per cent year on year to Rs 12,760 mn, and profit after tax increased 69.6 per cent quarter on quarter to Rs 2,550 mn. Secured-to-unsecured on-book mix remained at 54 to 46. Operating profitability improved materially as pre-provision operating profit reached Rs 6,950 mn, up 108.7 per cent year on year, and net interest margin widened to 9.05 per cent in the quarter from 8.62 per cent in the prior quarter, an improvement of forty three basis points. Asset quality stayed stable with gross non-performing assets at 1.44 per cent and net non-performing assets at 0.74 per cent. Credit cost as a percentage of average AUM eased to 2.51 per cent. Capital adequacy was reported at 16.83 per cent with Tier one at 15.90 per cent, comfortably above the regulatory requirement of 15 per cent; following a successful Rs 25,000 million capital raise through qualified institutional placement, the simulated capital adequacy ratio on the March balance sheet stands at 20.74 per cent. Liquidity buffer was Rs 75,900 mn on 31 March, and cost of borrowing for the quarter was 7.63 per cent, two basis points lower than the prior quarter. The company added nineteen new artificial intelligence projects in the quarter, taking the pipeline to 76 with 42 implemented, and it employed 5,860 people as of the same date. The chief executive described the results as evidence of an inflection point driven by higher yields, operating optimisation and declining credit costs, and indicated continued strategic investment to sustain long term profitability. The lender continues to focus on consumer and micro small and medium enterprise finance while offering products including loan against property, gold loans, personal and education loans, commercial vehicle and pre owned car finance. Management said it sees adequate headroom for growth given the strengthened capital position.