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PNB Housing Finance recorded a 23% rise in its net profit for the first quarter of FY26, driven by steady growth in loan disbursements, improved margins, and better asset quality. Profit rose to INR 534 crore, while total income crossed INR 2,080 crore. Retail-focused lending and higher disbursals in affordable and emerging segments contributed significantly. The company also improved its asset quality and strengthened its capital position, with assets under management growing 13% year-on-year.
PNB Housing Finance reported a 23% year-on-year rise in net profit to INR 534 crore for the first quarter of FY26. The growth was supported by steady loan disbursements and improved operational metrics. During the same quarter last year, the profit stood at INR 433 crore. Advertisement
Total income rose to INR 2,082 crore, compared to INR 1,655 crore in the corresponding period last year. Net interest income increased 17% to INR 760 crore, while net interest margin rose to 3.75% from 3.65%.
The company saw a 14% growth in disbursements, with strong performance in the affordable and emerging market loan categories. Disbursals in these two segments accounted for 50% of the retail business, with underwriting in these categories rising by 30%.
Loan assets under the affordable housing segment increased by 143% year-on-year to INR 5,744 crore, while emerging market loans rose by 20% to INR 22,701 crore. The total retail loan book stood at INR 76,923 crore.
Assets under management grew 13% year-on-year to INR 82,100 crore. Pre-provision operating profit rose 17% to INR 632 crore, while operating expenses increased by 12%. The company also recovered INR 57 crore from previously written-off accounts.
Gross non-performing assets improved to 1.06% of total loans, down from 1.35% a year ago. The capital adequacy ratio strengthened to 29.74%, with Tier I capital at 28.96%.
Managing Director and CEO Girish Kousgi said the focus on high-yield segments helped drive overall loan growth and improved profitability. He added that improving asset quality and a return on assets of 2.57% are in line with the company's annual performance targets.
PNB Housing Finance is promoted by Punjab National Bank and continues to focus on retail lending through its wide branch network and affordable housing segment.
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