PNB Housing Finance announced a robust 24% increase in net profit for the second quarter. The figure climbed to ₹582 crore, up from ₹470 crore in the same period last year. This growth highlights the company’s strong financial performance amid market dynamics.
Total income saw a significant rise to ₹2,131 crore. This compares favorably to the ₹1,880 crore reported a year earlier. The upward trend reflects sustained operational strength.
Interest income also showed impressive growth. It reached ₹2,017 crore, up from ₹1,780 crore in the previous year. This contributed substantially to the overall revenue increase.
Net interest income jumped 14% to ₹765 crore. Last year, it stood at ₹669 crore. This indicates efficient management of interest-earning assets.
The net interest margin saw a slight moderation. It moved to 3.67% from 3.68% in the year-ago quarter. Despite this, profitability remained strong.
Asset quality improved notably. Gross NPAs decreased to 1.04% from 1.24% at the end of September 2024. This reduction signals better risk management.
The affordable and emerging market segment maintained its contribution. It accounted for 50% of total retail disbursements. This segment continues to drive growth.
Capital adequacy remained robust at 29.80%. Tier I capital stood at 29.21%. Such figures ensure financial stability.
The company’s consistent performance builds investor confidence. Each quarter’s results reinforce its market position. The latest profit surge is a testament to that.
Regulatory filings detail these achievements. They provide transparency to stakeholders. The data underscores prudent financial practices.
Looking ahead, the focus remains on sustainable growth. The affordable housing segment will be key. It supports both business and social goals.
Financial metrics like these guide future strategies. They help in navigating economic shifts. PNB Housing Finance appears well-prepared.
The 24% profit increase sets a positive tone. It reflects effective leadership and planning. Shareholders can find reassurance in these numbers.
Overall, the quarter was marked by solid gains. Income streams diversified and strengthened. The company is on a promising path.