Profit before tax (PBT) stood at Rs 604.73 crore in Q2 FY25, up 19.25% as compared with Rs 507.11 crore in Q2 FY24.
In Q2 FY25, net interest income (NII) rose 1.2% YoY to Rs 669 core; lower growth in NII is due to declining impact of corporate book. Net interest margin (NIM) stood at 3.68% in Q2 FY25 as compared with 3.95% in Q2 FY24.
Disbursement stood at Rs 5,341 crore in Q2 FY25, up 27.8% YoY. Retail Segment grew by 28.2% YoY to Rs 5,341 crore.
Loan asset grew by 14.2%YoY to Rs 69,501 crore as on 30th September 2024, Retail loans grew by 16.2% YoY to Rs 67,970 crore as on 30th September 2024 while corporate loans are at Rs 1,531 crore as on 30th September 2024, reduced by 35.7% as compared with 30th September 2023.
Asset under Management (AUM) grew by 10.8% YoY to Rs 74,724 crore as on 30th September 2024.
Gross non performing asset (GNPA) stood at 1.24% as on 30th September 2024 as compared to 1.78% as on 30th September 2023 and 1.35% as on 30th June 2024. Net NPA stood at 0.84% as on 30th Sep 2024.
The company’s capital to risk asset ratio (CRAR) stood at 29.13% as on 30th September 2024, of which Tier I capital is 28.06% and Tier II is 1.07% as compared 30.38% as on 30th September 2023, of which Tier I capital was 28.50% and Tier II was 1.88%.
As on 30 September 2024, the company has 303 branches / outreach locations. Affordable business presence expanded to 160 branches.
Girish Kousgi, managing director & CEO said: “The company’s focused approach led to growth across all parameters. The Retail Asset grew by 16.2% YoY inching towards our stated guidance of 17% for FY25. Our affordable segment is performing well and crossed INR 3,000 crore in Loan Asset in October 2024. The Company registered retail disbursements growth of 28% YoY to INR 5,341 crore during the reported quarter i.e. Q2 FY25. The portfolio asset quality continues to improve with Gross NPA at 1.24% as on 30th Sept 2024.”
PNB Housing Finance is a deposit-accepting housing finance company, with second largest deposits outstanding within housing finance companies. The company provides housing loans to individuals for purchase, construction, repair, and upgrade of houses.