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Informist, Monday, Jul. 21, 2025

--PNB Housing Fin Apr-Jun net profit INR 5.32 bln 

--PNB Housing Fin Apr-Jun net profit INR 5.32 bln vs INR 4.39 bln year ago 

--PNB Housing Fin Apr-Jun revenue INR 20.64 bln vs INR 18.13 bln year ago 

By Priyasmita Dutta

NEW DELHI – Aided by a nearly five-fold rise in write back during the June quarter, PNB Housing Finance Ltd. on Monday reported an over 21% rise in net profit at INR 5.32 billion on a standalone basis. The housing finance company's bottom line was also aided by a robust rise in interest income. Sequentially, however, the net profit fell 6.2%. 

During Apr-Jun, PNB Housing Finance wrote back INR 562.3 million worth of impairment on financial instruments and write-offs, against INR 120 million write back a year ago. In the quarter ended March, PNB Housing Finance had written back INR 648.5 million. On Monday, shares of the company closed at INR 1,084.20 on the National Stock Exchange, almost flat from the previous close. 

In an investor presentation, the non-banking financial company said that its consolidated net interest income during the June quarter was up 17% at INR 7.60 billion. Its total standalone revenue from operations during the quarter under review totalled INR 20.64 billion, up 14%. 

Total disbursements during the quarter were up 13% at INR 49.80 billion, with assets under management at the end of June at INR 821 billion, up 13%. "The company's focus on high-yielding business led to 30% on-year disbursement growth in the affordable and emerging markets segment during the quarter contributing 50% in the retail disbursement," Managing Director and Chief Executive Officer of the company Girish Kousgi said in the press release. Disbursements in affordable segment totalled INR 7.65 billion in Apr-Jun, up 30% and in emerging markets segment, disbursements totalled INR 17.36 billion, up 32% on year.

The company's net interest margin was 3.74% in the reporting quarter, marginally lower than the 3.75% at the end of March, but higher than the 3.65% in the corresponding period last year. PNB Housing's cost of borrowing in the June quarter was 7.76%, slightly lower than 7.84% in the March quarter and 7.92% a year ago. Its capital adequacy ratio was 29.68% at the end of June, 30 basis points higher sequentially and 18 bps higher on year.

The asset quality of the housing company also improved during the reporting quarter. PNB Housing's gross non-performing assets ratio improved to 1.06% as of Jun. 30 from 1.08% at the end of March and from 1.35% a year ago. The net non-perfoming asset ratio remained flat on quarter at 0.69% at the end of June, from 0.92% last year.  End

Edited by Akul Nishant Akhoury

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