Poonawalla Fincorp will hold a meeting of the Board of Directors of the Company on 31 January 2025.Powered by Capital Market - Live News

Poonawalla Fincorp has embarked on a groundbreaking initiative by integrating Artificial Intelligence (AI) across its Human Resources (HR) Strategic Business Unit (SBU). This industry-first move, is set to transform operational standards and ignite innovation within the financial services sector. Poonawalla Fincorp`s AI integration has revolutionized HR processes by drastically reducing the time to finalize job offers from traditionally around ten days to just under one�a 90% decrease. This accelerated process is made possible by advanced AI tools that efficiently handle document verification and candidate screening. The use of AI has not only sped up the recruitment cycle but also achieved significant reduction in operational costs, significantly enhancing both efficiency and cost management.Powered by Capital Market - Live News

Poonawalla Fincorp announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 9 January 2025.Powered by Capital Market - Live News

Net loss of Poonawalla Fincorp reported to Rs 471.04 crore in the quarter ended September 2024 as against net profit of Rs 860.17 crore during the previous quarter ended September 2023. Sales rose 33.88% to Rs 988.87 crore in the quarter ended September 2024 as against Rs 738.65 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales988.87738.65 34 OPM %-27.3771.98 - PBDT-614.65322.81 PL PBT-630.45308.07 PL NP-471.04860.17 PL Powered by Capital Market - Live News

Poonawalla Fincorp will hold a meeting of the Board of Directors of the Company on 25 October 2024.Powered by Capital Market - Live News