PNB Housing Finance Net Profit Falls 5% To Rs 243 Crore In June Quarter

Shares of PNB Housing Finance settled 5 per cent increased at Rs 720.45 apiece on the BSE.

PNB Housing Finance introduced its Apri;-June quarter outcomes for the monetary yr 2021-22, reporting a internet revenue of Rs 243 crore on a consolidated foundation, in comparison with Rs 257 crore within the corresponding interval final yr. The firm's internet revenue declined 5 per cent year-on-year, nonetheless, on a sequential foundation, the revenue surged 91 per cent in comparison with Rs 127 crore reported within the previous January-March quarter of fiscal 2020-21.

The nation's main mortgage lender's complete income from operations within the first quarter of the present fiscal stood at Rs 1,691.81 crore, in comparison with Rs 1,870.06 crore within the corresponding quarter final yr. The complete earnings within the June quarter stood at Rs 1,692.88 crore, in comparison with Rs 1,872.33 crore within the year-ago interval, in line with a regulatory submitting by the lender to the inventory exchanges at this time.

The internet curiosity earnings (NII) within the June quarter stood at Rs 550 crore, in comparison with Rs 488 crore, registering a progress of 13 per cent year-on-year. The firm's working expenditure stood at Rs 115 crore, in comparison with Rs 102 crore, registering a rise of 11 per cent year-on-year.

The pre-provision working revenue stood at Rs 475 crore, in comparison with Rs 405 crore, marking a progress of 17 per cent year-on-year.

The lender's gross non-performing belongings (NPA) at an AUM (asset below administration) degree was at 5.5 per cent whereas it's six per cent at mortgage belongings as on June 30, 2021. The lender's internet NPA stood at 3.6 per cent of the loaan belongings by June 30, 2021, in line with its assertion.

On Wednesday, August 4, shares of PNB Housing Finance settled 5 per cent increased at Rs 720.45 apiece on the BSE.