Earnings Review
PNB Housing consol PAT tops view on provision write-back
This story was originally published at 19:52 IST on 27 October 2025
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--PNB Housing Fin Jul-Sept consol PAT INR 5.82 bln vs INR 4.70 bln year ago
--Analysts saw PNB Housing Fin Jul-Sept net profit INR 5.51 bln
--PNB Housing Fin Jul-Sept consol revenue INR 21.28 bln vs INR 18.79 bln
--PNB Housing Fin Apr-Sept consol PAT INR 11.15 bln vs INR 9.02 bln yr ago
--PNB Housing Fin Apr-Sept consol revenue INR 42.04 bln vs INR 37.02 bln
--PNB Housing Fin Jul-Sept net profit INR 6.26 bln
--PNB Housing Fin Jul-Sept net profit INR 6.26 bln vs INR 4.72 bln year ago
--PNB Housing Fin Jul-Sept revenue INR 21.68 bln vs INR 18.68 bln year ago
--PNB Housing Fin Apr-Sept PAT INR 11.58 bln vs INR 9.10 bln year ago
--PNB Housing Fin Apr-Sept revenue INR 42.32 bln vs INR 36.80 bln year ago
By Shubham Rana
NEW DELHI – PNB Housing Finance Ltd. Monday reported a higher-than-expected increase in its consolidated net profit for the September quarter because of strong business growth and a sharp jump in write-backs of provisions. The company's consolidated net profit rose 24% on year to INR 5.82 billion in the September quarter. Sequentially, net profit rose 9.0%. Analysts had expected consolidated net profit of INR 5.51 billion.
The company recorded a write-back of impairment on financial instruments of INR 1.13 billion in the September quarter, compared with INR 456 million a year ago.
The consolidated total revenue from operations rose 13% on year to INR 21.28 billion in the September quarter. Total expenses increased 7.5% on year to INR 13.71 billion in the September quarter. Net interest income grew 14% year on year to INR 7.65 billion in the September quarter, the company said in a press release.
The housing finance company had loan assets worth INR 797.71 billion as of Sept. 30, up 15% on year. Loans to the retail segment grew 17% on year to INR 794.39 billion, led by a 21% rise in the emerging markets segment to INR 239.94 billion.
Disbursements rose 12% on year to INR 59.95 billion in the September quarter. Disbursements to the emerging markets segment rose 23% on year to INR 21.22 billion in Jul-Sept. The company's assets under management were INR 838.79 billion as of Sept. 30, up 12% on year.
The company's loan spread was 2.26% in the September quarter, compared with 2.23% in Apr-Jun and 2.21% a year ago. The net interest margin was 3.67% in Jul-Sept, down 1 basis point from a year ago and 7 bps on a quarter-on-quarter basis. With recovery from the overall written-off pool, credit cost was (-)53 bps in Jul-Sept as compared with (-)27 bps in the June quarter and (-)24 bps a year ago.
The gross non-performing asset ratio was 1.04% as on Sept. 30 compared with 1.24% a year ago and 1.06% a quarter ago. The net NPA ratio was 0.69% as of end-September, unchanged from the previous quarter and down from 0.84% a year ago.
The company's consolidated net profit in the first half of this financial year was INR 11.15 billion, up 24% on year. Consolidated revenue rose 14% to INR 42.04 billion in the six months to September.
On a standalone basis, the company's net profit rose to INR 6.26 billion in the September quarter from INR 4.72 billion a year ago. Standalone net profit for Apr-Sept was INR 11.58 billion, up from INR 9.10 billion in the same period a year ago.
Standalone revenue from operations was INR 21.68 billion in the September quarter and INR 42.32 billion in Apr-Sept compared with INR 18.68 billion and INR 36.80 billion, respectively, a year ago.
Shares of PNB Housing Finance on Monday ended 2.2% higher at INR 927.60 on the National Stock Exchange. The company released its financial results after market hours. End
Edited by Saji George Titus
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