PNB Housing Finance Q3 Results: Net profit rises 26% YoY to Rs 338 crore

The net profit was Rs 269 crore in the year-ago period. The provisions were lower at Rs 1,212 crore against Rs 1,760 crore.

Its net interest margin for the quarter dipped 119 basis points to 3.49% from what it was in the year-ago period.


The lender's assets under management grew 4% year-on-year to Rs 68,549 crore at the end of December while loan assets rose 7% to Rs 62,337 crore. Retail loans stood at Rs 60,129 crore.

Its asset quality improved with gross non-performing assets falling to 1.73% as on December 31, 2023 as compared with 4.87% a year prior to that.

The lender is planning to expand presence in the next few months taking the pan-India location count to 300. At present, it is present in 212 branches with affordable loan business presence expanded to 100 locations.