Latest news with #PNBHousingFinance
Time of India
2 days ago
- Business
- Time of India
PNB Housing Finance aims to grow high yielding loan share to 50% by FY27
Kolkata: PNB Housing Finance plans to expand the share of home loans under high-yielding affordable and emerging markets segments to 50% of the portfolio by FY27 to boost margins. The high yielding segments contributed 37% of the company's loan asset portfolio of Rs 76923 crore at the end of June. "The affordable and emerging market segments are going to be the focus for PNB Housing," managing director Girish Kousgi told ET . by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like End Season Sale: Special Discount Luxury Watches Buy Now Undo The lender has slowed down lending to the prime segment, which accounted for about 63% of its portfolio at present. It stopped funding very expensive and luxurious housing units costing more than Rs 70 lakh designed for ultra high net worth individuals, he said. Its retail disbursement during the first quarter was at Rs 4980 crore with 50% contribution from the high yielding segments. These segments saw about 30% year-on-year disbursement growth while the prime segment disbursement grew 1%. Live Events The affordable segment yields the most. PNB Housing Finance saw the yield from this segment rising 52 basis points to 12.1% for the first quarter over 11.6% seen in the year ago-period. Incremental yield from the emerging markets loan rose 11 basis points to 9.6%. The rise in incremental yield was a modest 1% to 9.3% for the prime segment. The average yield was 9.99% in the first quarter as compared with 10.03% in the preceding quarter. The net interest margin for the quarter stood at 3.74% against 3.75% in the preceding three month period and 3.65% in the year ago quarter. The company has aligned its branch expansion strategy keeping the high yielding segments on focus. It has reclassified 20 branches as emerging markets branches shifting the focus from the prime segment. It has 356 branches with 200 targeting affordable housing segment borrowers while 80 are for emerging markets customers in tier 2 and 3 towns .
Business Standard
4 days ago
- Business
- Business Standard
PNB Housing Q1 PAT jumps 23% YoY to Rs 534 cr on strong home loan demand
PNB Housing Finance's consolidated net profit rose 23.26% to Rs 533.50 crore while total income jumped 13.63% to Rs 2,081.87 crore in Q1 June 2025 over Q1 June 2024. Net interest income (NII) for the period under review was Rs 760 crore, up 17% year on year (YoY). Net Interest Margin stood at 3.74% in Q1 FY26 compared with 3.65% in Q1 FY25. Gross Margin, net of acquisition cost, stood at 4.06% in Q1FY26. In Q1 FY26, operating expenditure grew by 12% YoY to Rs 216 crore. Pre-provision operating profit grew by 17% YoY to Rs 632 crore. With recovery from write-off pool, Credit Cost was -27 bps in Q1 FY26 as against -7 bps in Q1 FY25. Profit before tax in Q1 FY26 stood at Rs 687.92 crore, marking a 24.13% increase from Rs 554.18 crore in Q1 FY25. Yield stood at 9.99% in Q1 FY26, compared to 10.03% in Q1 FY25. Cost of Borrowing is at 7.76% in Q1 FY26 as compared to 7.92% in Q1 FY25. Spread on loans is at 2.23% in Q1 FY26 as compared to 2.11% in Q1 FY25. The Retail disbursement grew by 14% YoY to Rs 4,980 with Affordable segment growth at 30% and Emerging Markets segment growth at 32% in Q1FY26. Loan asset grew by 16%YoY Rs 77,732 crore as on 30 June 2025. Retail loans grew by 18% YoY to Rs 76,923 crore as on 30 June 2025. Within Retail, Affordable Loan Asset grew by 143% YoY to Rs 5,744 crore, Emerging Markets Loan Asset grew by 20% YoY to Rs 22,701 crore and Prime segment grew by 10% YoY to Rs 48,478 crore as on 30 June 2025. Asset under management (AUM) grew by 13% YoY to Rs 82,100 crore as on 30 June 2025. Gross non-performing assets stood at 1.06% as on 30 June 2025 as compared to 1.35% as on 30 June 2024. Net NPA stood at 0.69% as on 30 June 2025. The companys CRAR stood at 29.68% as on 30 June 2025 (of which Tier I capital is 28.96% and Tier II is 0.72%) as compared to 29.50% as on 30 June 2024 (of which Tier I capital was 28.43% and Tier II was 1.07%). The company has 356 branches locations as on 30 June 2025 with 200 branches in Affordable segment, 80 in Emerging Markets segment and 76 in Prime segment. Girish Kousgi, managing director & CEO said: the companys focus on high-yielding business led to 30% YoY disbursement growth in the Affordable and Emerging markets segment during the quarter contributing 50% in the retail disbursement. Our asset quality continues to improve with GNPA of 1.06 % as on June 30, 2025. While maintaining a balance between growth and profitability, our ROA stood at 2.57% annualised for FY 25-26. As we look forward, we are confident of our ability to achieve our stated guidance for the fiscal year. PNB Housing Finance is promoted by Punjab National Bank and is a registered Housing Finance Company with National Housing Bank (NHB). The companys asset base comprises primarily of retail loans and corporate loans. The retail business focusses on organized mass housing segment financing for acquisition or construction of houses. In addition, it also provides loan against properties and loans for purchase & construction of non-residential premises. PNB Housing Finance is a deposit taking Housing Finance Company. The scrip rose 0.68% to currently trade at Rs 1,092.75 on the BSE.
Time of India
4 days ago
- Business
- Time of India
PNB Housing Finance's net profit rises 23% to ₹534 crore in Q1 FY26
NEW DELHI: PNB Housing Finance on Monday reported a 23 per cent increase in its net profit to Rs 534 crore for the first quarter ended June 2025. The housing finance firm had earned a net profit of Rs 433 crore in the same quarter of the previous year. The company's total income for the quarter grew to Rs 2,082 crore from Rs 1,832 crore in the corresponding quarter of the previous fiscal year, PNB Housing Finance said in a regulatory filing. Interest income for the quarter was higher at Rs 1,980 crore compared to Rs 1,739 crore a year ago. The net interest income also saw a 17 per cent rise to Rs 760 crore at the end of Q1 2025 against Rs 651 crore in the year-ago quarter. The net interest margin increased to 3.75 per cent compared to 3.65 per cent in the first quarter of the previous year. The gross Non-Performing Assets (NPAs) of the company decreased to 1.06 per cent from 1.3 per cent at the end of June 2024. The company's capital adequacy ratio stood at 29.68 per cent as of June 30, 2025, of which Tier I capital is 28.96 per cent and Tier II is 0.72 per cent compared to 29.50 per cent as of June 30, 2024, of which Tier I capital is 28.43 per cent, it added.
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Business Standard
4 days ago
- Business
- Business Standard
PNB Housing Finance shares rise 3% on posting Q1 numbers; PAT up 23%
PNB Housing Finance shares rose 2.8 per cent, logging an intraday high at ₹1,115.9 per share on BSE. The demand for the stock came after the company posted its Q1FY26 results. At 11:27 AM, PNB Housing Finance share price was trading 0.89 per cent higher at ₹1,095 per share on BSE. In comparison, the BSE Sensex slipped 0.08 per cent at 82,137.87. PNB Housing Q1 results The housing finance company reported its Q1 numbers after market hours on Monday. In the quarter ended June 30, 2025, the company's consolidated net profit stood at ₹534 crore, up 23 per cent, as compared to ₹433 crore a year ago. Its net interest income (NII) for the quarter under review stood at ₹760 crore, up 17 per cent, as against ₹651 crore a year ago. The gross income for the quarter stood at ₹847 crore as compared to ₹735 crore a year ago. Its Gross non-performing asset (NPA) declined by 29 basis points (bps) to 1.06 per cent as on June 30, 2025, as compared to 1.35 per cent a year ago. Recovery from the written-off pool continues with total recovery of ₹57 crore in Q1FY25. Further, retail loan assets grew by 18 per cent year-on-year (Y-o-Y) to ₹76,923 crore as on June 30, 2025. Affordable and Emerging Markets segments formed 37 per cent of the retail loan assets. Retail disbursement grew by 14 per cent Y-o-Y to ₹4,980 crore during Q1FY26. Capital Risk Adequacy Ratio stood at 29.68 per cent as on June 30, 2025; Tier I stood at 28.96 per cent. "As we look forward, we are confident of our ability to achieve our stated guidance for the fiscal year," said Girish Kousgi, managing director & CEO, PNB Housing Finance. About PNB Housing Finance PNB Housing Finance is promoted by Punjab National Bank and is a registered Housing Finance Company with the National Housing Bank (NHB). The company's asset base comprises primarily of retail loans and corporate loans. The retail business focuses on organised mass housing segment financing for the acquisition or construction of houses. In addition, it also provides loans against properties and loans for the purchase and construction of non-residential premises. PNB Housing Finance is a deposit-taking Housing Finance Company.
Business Upturn
4 days ago
- Business
- Business Upturn
PNB Housing shares jump over 2% as Q1 net profit rises 23% YoY to 533.5 crore, NII up 24.2% YoY
By Aman Shukla Published on July 22, 2025, 09:35 IST PNB Housing Finance shares gained over 2% in early trade on July 22 after the company posted a strong set of earnings for the first quarter of FY26. As of 9:33 AM, the shares were trading 2.20% higher at Rs 1,108.10 . The housing finance firm reported a 23.2% year-on-year (YoY) jump in net profit to ₹533.5 crore for the quarter ended June 30, 2025, compared to ₹432.8 crore in Q1 FY25. Revenue from operations rose 14% YoY to ₹2,076 crore, up from ₹1,823 crore in the same period last year. The company's net interest income (NII)—a key profitability metric for lenders—increased 24.2% YoY to ₹688 crore, up from ₹554 crore in Q1 FY25. Gross margin, net of acquisition cost, stood at 4.06%. PNB Housing also reported better asset quality across the board. Its gross non-performing assets (GNPA) ratio improved to 1.06% as of June 30, 2025, compared to 1.35% a year earlier and 1.08% in the previous quarter (March 31, 2025). Retail GNPA also declined to 1.07%, from 1.39% in Q1 FY25 and 1.09% in Q4 FY25, indicating healthier collections and lower slippages in the retail loan portfolio. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
