Poonawalla Fincorp Dividend 2024 – Poonawalla Fincorp Ltd declares a dividend of ₹2.00. The record date is 31 Jan 2024 and the ex-dividend date is 31 Jan 2024. In a positive development for shareholders, Poonawalla Fincorp has announced a generous interim dividend of ₹2.00 per equity share. This translates to a 100% payout of the face value (Rs 2), demonstrating the company’s commitment to rewarding its investors while maintaining balance for future growth. This news has been met with enthusiasm, and it will be interesting to see how it impacts the company’s stock price in the upcoming trading sessions.
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About Poonawalla Fincorp Ltd
Poonawalla Fincorp Limited is a Cyrus Poonawalla group promoted non-deposit-taking systemically important non-banking finance company (ND-SI-NBFC), registered with the Reserve Bank of India (RBI).
Magma Fincorp Ltd is a publicly held non-banking finance company with subsidiaries and joint ventures that provide asset finance businesses through its pan India branch network.
The market capitalization of Poonawalla Fincorp Ltd is ₹38,717 Crores. The company was listed on 30 April 2004 on the stock market. The current chairman of the company is Adar Cyrus Poonawalla.
The company offers a wide range of products and services such as commercial vehicle finance, construction equipment finance, car and utility vehicle finance, strategic construction equipment finance, tractor finance, small and medium enterprise loans, insurance, and refinance products.
Poonawalla Fincorp Share Price
Poonawalla Fincorp’s total revenue in quarter 1, 2023 was ₹599.25 Crore, in quarter 2, 2023 ₹733.23 Crore, in quarter 3, 2023 ₹1,567.41 Crore, and in quarter 4 it was 773.76.
Poonawalla Fincorp’s net income in quarter 1, 2023 was ₹198.37 Crore, in quarter 2, 2023 ₹225.74 Crore, in quarter 3, 2023 ₹860.17 Crore, and in quarter 4 it was 265.14.
The company’s cash flow in 2021 was ₹1,621.77 Crore, in 2022 -₹2,936.02 Crore, and in 2023 -₹5,317.56 Crore.
The company’s EBITDA in Mar 2023 was 273.74, in Jun 2023 308.77, in Sep 2023 it was 1,144.95, and in Dec 2023 it was 371.91.
The current shareholding pattern is 62.07% with the promoter, 7.78% with the foreign institutions, 4.89% with the mutual funds, 24.55% with the retail investors, and 0.70% with the others.
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Poonawalla Fincorp Dividend 2024 – Poonawalla Fincorp Dividend History
| Amount | Date |
| ₹2.00 | Jul 18, 2023 |
| ₹0.40 | Jul 21, 2022 |
| ₹0.80 | Jul 24, 2019 |
| ₹0.80 | Jul 25, 2018 |
| ₹0.80 | Jul 25, 2017 |
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Poonawalla Fincorp share price target 2024
India’s share market is at its peak and most of the Indian stocks like Poonawalla Fincorp have experienced a bull run in 2023. In 2024, the bullish sentiment of the market will likely stay. As per data, the minimum share price target in 2024 for POONAWALLA is expected to be ₹550.00 and the maximum price target for 2024 will be ₹600.00. With market conditions, the price target of Poonawalla Fincorp Ltd may vary.
Poonawalla Fincorp share price target 2030
India’s share market is at its peak and most of the Indian stocks like Poonawalla Fincorp have experienced a bull run in 2023. In 2030, the bullish sentiment of the market will likely stay as India is a growing economy, and as per the government, India will become a $5 trillion economy by 2030. As per data, the minimum share price target in 2030 for POONAWALLA is expected to be ₹800.00 and the maximum price target for 2030 will be ₹850.00. With market conditions, the price target of Poonawalla Fincorp Ltd may vary.
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