PNB Housing Finance on Monday reported a 24% increase in its net profit to Rs 582 crore for the quarter ended September due to higher growth in the affordable and emerging market segments.
The net interest income grew 14.4% to Rs 765 crore. The net interest margin stood at 3.67%, lower compared with 3.74% in Q1 of this fiscal and 3.68% in the year-ago period. Operating expenditure rose 7.6% to Rs 217 crore in the reporting quarter. The management expects the net interest margins in the range of 3.6-3.7% for the second half of the current fiscal year.
Disbursements during the quarter grew 12.2% on year and 20.4% on a sequential basis to Rs 5,995 crore. Disbursements in the affordable and emerging markets segment increased by 30.7% and 23.0% respectively, contributing 50% of the total retail disbursements.
The housing finance company has maintained its growth guidance of 17-18% for FY26.
“Looking ahead to FY26, we are focused on accelerating retail growth and expanding our Affordable and Emerging Markets segment footprint. Our goal is to enhance customer experience, strengthen risk frameworks, and maintain industry-leading asset quality while delivering sustainable returns,” Jatul Anand, executive director, said in the post-earnings analyst call.