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PNB Housing Finance has reported a consolidated net profit of INR 581.59 crore for the quarter, reflecting a 23.83 per cent year-on-year rise. Total income grew 13.35 per cent to INR 2,130.60 crore. The company's asset-under-management expanded by 12.3 per cent to INR 83,879 crore, with affordable and emerging market segments showing 34 per cent growth and now comprising 38 per cent of the retail loan book. Borrowing costs eased to 7.69 per cent, and spreads improved to 2.26 per cent, supported by disciplined pricing and a strategic loan mix.
PNB Housing Finance announced that its profit after tax stood at INR 581.59 crore for the quarter ended in September, compared with INR 469.68 crore in the same period of the previous year. Total income rose to INR 2,130.60 crore, up from INR 1,879.66 crore a year earlier, reflecting strong operational growth and a healthier loan book. Advertisement
The lender's net worth was recorded at INR 17,970.63 crore, while the debt-equity ratio stood at 3.63. Its total debt-to-asset ratio was 0.76. Gross non-performing assets were at 1.04 per cent, and net NPAs stood at 0.69 per cent. Return on assets increased to 2.73 per cent, while the capital adequacy ratio was maintained at a robust 29.80 per cent.
The company's asset-under-management rose 12.3 per cent year-on-year to INR 83,879 crore, with the loan book reaching INR 79,439 crore. The affordable housing and emerging market portfolio witnessed 34 per cent growth, now contributing 38 per cent of the retail book. Disbursements increased by 12.2 per cent to INR 5,995 crore, led by the affordable segment at INR 823 crore (up 30.7 per cent) and the emerging market segment at INR 2,122 crore (up 23 per cent).
Borrowing costs reduced slightly to 7.69 per cent from 7.84 per cent in the corresponding quarter last year, while the loan spread improved to 2.26 per cent from 2.21 per cent. The company recorded a negative credit cost of 53 basis points, reflecting recoveries from previously written-off pools, compared with a negative 24 basis points in the same quarter last year.
Corporate lending remained marginal, with the corporate loan book declining 78.3 per cent year-on-year to INR 332 crore. The management stated that despite leadership transitions, the company had delivered consistent performance across all major indicators and would continue strengthening its retail focus, particularly in affordable and emerging housing markets.
PNB Housing Finance's quarterly performance highlighted steady momentum in retail lending and improved operational efficiency. The company's focus on affordable and emerging market segments has supported both portfolio quality and profitability, while disciplined pricing strategies enhanced spreads. With stable asset quality, lower borrowing costs, and stronger recoveries, the firm appears well-positioned to sustain growth and reinforce its leadership in India's housing finance sector in the coming quarters.
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