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PNB Housing Finance

23-Jul-2025 | 07:48
Continues healthy performance
PNB Housing Finance has continued to post strong 23% growth in the net profit to Rs 533.50 crore for the quarter ended June 2025 (Q1FY2026) over Q1FY2025. The loan book of the company increased 16%, while overall AUM jumped 13% end June 2025 over June 2024. The company has posted strong 13% growth in the disbursement in Q1FY2026. Meanwhile, the margins and asset quality of the company has improved in Q1FY2026.

The net interest margin was healthy at 3.74% in the quarter ended June 2025, compared with 3.75% in the preceding quarter and 3.65% in the corresponding quarter last year. Net interest income for the quarter ended June 2025 increased 16% to Rs 745.98 crore as against Rs 642.14 crore in the same period of the previous year.

Income from operations increased 14% to Rs 1980.35 crore in the quarter ended June 2025. Interest expense moved up 13% to Rs 1234.37 crore, while other expenses (including staff cost of Rs 118.01 crore and other expenses of Rs 83.09 crore) increased 12% to Rs 201.10 crore. Ensuing Gross profit advanced 16% to Rs 646.40 crore.

The depreciation rose marginally to Rs 14.70 crore in Q1FY2026 against Rs 13.35 crore in Q1FY2025. The provisions were reversed amounting to Rs 56.22 crore in Q1FY2026 in addition to Rs 11.96 crore in same quarter last year. PBT increased 24% to Rs 687.92 crore.

Effective tax rate eased to 22.45% bps on yoy basis from 21.90%. The profit after tax of the company improved 23% to Rs 533.50 crore in the quarter ended June 2025.

Loan book and disbursements

The AUM of the company surged 13% to Rs 82100 crore end June 2025 over June 2024. The loan portfolio of the company increased 16% to Rs 77732 crore, While the loans sold outstanding declined 21% to Rs 4368 crore end June 2025 over June 2024. The disbursements increased 13% to Rs 4980 crore in the quarter ended June 2025.

The deposits with the company rose 2% to Rs 18511 crore at end June 2025.

Asset quality

Gross NPA ratio declined to 1.06% at end June 2025 from 1.08% a quarter ago and 1.35% a year ago. Meanwhile, Net NPA ratio also declined to 0.69% at end June 2025 from 0.92% a year ago.

In absolute terms, GNPA stood at Rs 825 crore and NNPA at Rs 533 crore at end June 2025.

Book value of the company stood at Rs 668.8 per share, while adjusted book value was at Rs 648.3 per share at end June 2025.

Financial Performance FY2025:

For the nine months ended March 2025 (FY2025), PNB Housing Finance reported 8% rise in Income from operations at Rs 7273.73 crore. Interest expense moved up 7% to Rs 4551.40 crore, while other expenses increased 22% to Rs 757.10 crore. Ensuing Gross profit increased 10% to Rs 2383.13 crore. Depreciation increased 9% to Rs 55.89 crore, while the company has written back provision and write offs of Rs 158.53 crore. PBT improved 27% to Rs 2485.77 crore. Effective tax rate stood at 22.11% FY2025, compared with 22.82% in FY2024. The PAT of the company improved 28% to Rs 1936.14 crore in FY2025.

PNB Housing Finance: Consolidated Results

Particulars

2506 (3)

2406 (3)

Var %

2503 (12)

2403 (12)

Var %

Income from operations

1980.35

1739.07

14

7273.73

6742.21

8

Other Income

101.52

93.01

9

417.90

314.88

33

Total Income

2081.87

1832.08

14

7691.63

7057.09

9

Interest Expenses

1234.37

1096.93

13

4551.40

4261.12

7

Other expenses

201.10

179.58

12

757.10

619.76

22

Gross profit

646.40

555.57

16

2383.13

2176.21

10

Depreciation

14.70

13.35

10

55.89

51.19

9

Profit before tax and Provisions

631.70

542.22

17

2327.24

2125.02

10

Provisions and write off

-56.22

-11.96

370

-158.53

171.12

-193

Profit before tax 

687.92

554.18

24

2485.77

1953.90

27

Provision for tax

154.42

121.37

27

549.63

445.89

23

PAT

533.50

432.81

23

1936.14

1508.01

28

EPS*(Rs)

82.0

66.7

 

74.5

58.1

 

Equity

260.1

259.7

 

259.9

259.7

 

Adj BV (Rs)

648.3

569.6

 

628.7

552.8

 

* EPS and Adj BV are calculated on diluted equity as given for each year. Face Value: Rs 10, Figures in Rs Crore.

Source: Capitaline Corporate Database

 

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