'PNB Housing Finance has posted strong 25% growth in the net profit to Rs 432.81 crore for the quarter ended June 2024 (Q1FY2025) over Q1FY2024. The loan book of the company improved 11%, while overall AUM moved up 8% end June 2024 over June 2023. The company has posted strong 19% growth in the disbursement in Q1FY2025. Meanwhile, the margins of the company were stable, while asset quality improved in Q1FY2025.

The net interest margin was steady at 3.65% in the quarter ended June 2024, compared with 3.65% in the preceding quarter and eased 3.86% in the corresponding quarter last year. Net interest income for the quarter ended June 2024 increased 4% to Rs 642.14 crore as against Rs 619.44 crore in the same period of the previous year.

Income from operations rose 4% to Rs 1739.07 crore in the quarter ended June 2024. Interest expense moved up 5% to Rs 1096.93 crore, while other expenses (including staff cost of Rs 109.23 crore and other expenses of...

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