PNB Housing Finance shares in focus after PAT rises 43% YoY to Rs 483 crore

Shares PNB Housing Finance will be in focus after the company reported a 43% increase in net profit, reaching Rs 483 crore for the December quarter, compared to Rs 338 crore in the same period last year.

The non-banking finance company, backed by Punjab National Bank, saw total income grow to Rs 1,943 crore from Rs 1,756 crore in the previous year’s quarter.

Interest income for the quarter rose to Rs 1,848 crore, up from Rs 1,680 crore a year ago. Total expenses increased slightly to Rs 1,327 crore from Rs 1,316 crore in the same period last year.


The company’s gross non-performing assets (NPAs) improved to 1.19% as of December 31, 2024, down from 1.73% at the end of the third quarter of the previous fiscal year.

PNB Housing Finance also recovered Rs 53 crore from its retail written-off pool during the quarter.

However, the capital adequacy ratio declined to 28.8% from 29.53% at the end of December 2023.

PNB Housing share price analysis

Shares of the company have risen 3% in the last one year and underperformed its sector by 8.48%. Meanwhile, they have offered 94.27% returns in the last three years. According to Trendlyne, the stock has worse one-year returns than industry, sector, Nifty50, and Sensex.

PNB Housing target price

According to Trendlyne, the consensus recommendation from 11 analysts for PNB Housing Finance is ‘buy’ and the share price target is above the current price, with an upside potential of 32%.

About PNB Housing

Incorporated in the year 1988, it is a midcap company with a market cap of Rs 23,347.99 crore operating in the NBFC sector.

The company is primarily engaged in the business of providing loans to individuals and corporate bodies for purchase, construction, repair and up-gradation of houses. It also provides loans for commercial space, loans against property and loans for the purchase of residential plots. The company is a deposit taking Housing Finance Company registered with National Housing Bank (NHB) under Section 29A of the National Housing Bank Act, 1987.