Gross NPA declined by 29 bps to 1.06% as on 30th June 2025 as compared to 1.35% as on 30th June 2024.
FinTech BizNews Service
Mumbai, July 21, 2025: The Board of Directors of PNB Housing Finance Limited today approved the Consolidated Unaudited Financial Results for the quarter and financial year ended 30th June 2025. The accounts have been subjected to a limited review by the Company’s Statutory Auditors in line with the regulatory guidelines.
Key Highlights for Q1 FY26
· Retail Loan Asset grew by 18% YoY to INR 76,923 crore as on 30th Jun 2025. Affordable and Emerging Markets segments forms 37% of the Retail Loan Asset.
o Affordable Housing segment Loan Asset stood at INR 5,744 crore as on 30th Jun 2024 registering 143% growth YoY.
o Emerging markets segment Loan Asset stood at INR 22,701 crore as on 30th Jun 2024 registering 20% growth YoY.
· Retail disbursement grew by 14% YoY to INR 4,980 crore during Q1FY26.
o Affordable Housing and Emerging Market segment disbursement grew by 30% and 32% respectively, contributing 50% to the retail disbursement in Q1FY26.
· Gross NPA declined by 29 bps to 1.06% as on 30th June 2025 as compared to 1.35% as on 30th June 2024.
· Recovery from written-off pool continues with total recovery of INR 57 crore in Q1FY25.
· Profit after Tax for Q1FY26 is at INR 534 crore vs INR 433 crore registering an increase of 23% YoY.
· Capital Risk Adequacy Ratio stood at 29.68% as on 30th June 2025; Tier I stood at 28.96%.
Financial performance (Q1 FY25-26 vs Q1 FY24-25 and Q4 FY24-25)
· Net profit increased by 23% YoY and declined by 3% QoQ to INR 534 crore.
· Net Interest Income grew by 17% YoY and 4% QoQ to INR 760 crore.
· Operating expenditure grew by 12% YoY and 2% QoQ to INR 216 crore.
· Pre-provision operating profit grew by 17% YoY and declined by 2% QoQ to INR 632 crore.
· Yield at 9.99% in Q1FY26 as compared to 10.03% in Q4FY25 and Q1FY25.
· Cost of Borrowing is at 7.76% in Q1FY26 as compared to 7.84% in Q4FY25 and 7.92% in Q1FY25.
· Spread on loans is at 2.23% in Q1FY26 as compared to 2.19% in Q4FY25 and 2.11% in Q1FY25.
· Net Interest Margin stood at 3.74% in Q1FY26 as compared to 3.75% in Q4FY25 and 3.65% in Q1FY25. Gross Margin, net of acquisition cost, stood at 4.06% in Q1FY26.
· With recovery from write-off pool, Credit Cost was -27 bps in Q1FY26 as compared to -32 bps in Q4FY25 and -7 bps in Q1FY25
Business Operations
· In Apr’25, 20 branches are reclassified from Prime segment to Emerging Markets segment and segment numbers are re-casted for prior period to ensure like to like comparison.
· The disbursements during Q1FY26 grew by 13% YoY to INR 4,980 crore.
o Retail disbursement grew by 14% YoY to INR 4,980 with Affordable segment growth at 30% and Emerging Markets segment growth at 32% during Q1FY26.
· Loan Asset grew by 16% YoY and 3% QoQ to INR 77,732 crore as on 30th June 2025.
o Retail loans grew by 18% YoY and 3% QoQ to INR 76,923 crore as on 30th June 2025. Within Retail, Affordable Loan Asset grew by 143% YoY to INR 5,744 crore, Emerging Markets Loan Asset grew by 20% YoY to INR 22,701 crore and Prime segment grew by 10% YoY to INR 48,478 crore as on 30th June 2025.
o Corporate loans are at INR 809 crore as on 30th June 2025, reduced by 56% YoY.
· Asset under Management (AUM) grew by 13% YoY and 2% QoQ to INR 82,100 crore as on 30th June 2025.
Distribution and Service Network
· The Company has 356 branches locations as on 30th June 2025 with 200 branches in Affordable segment, 80 in Emerging Markets segment and 76 in Prime segment.
Asset Quality
· Gross Non-Performing Assets stood at 1.06% as on 30th June 2025 as compared to 1.35% as on 30th June 2024 and 1.08% as on 31st Mar 2025.
o Retail GNPA is 1.07% as on 30th June 2025 as compared to 1.39% as on 30th June 2024 and
1.09 % as on 31st Mar 2025.
o Corporate GNPA stands Nil as on 30th June 2025, 30th June 2024 and 31st Mar 2025.
· Net NPA stood at 0.69% as on 30th June 2025. NNPA in Retail segment is at 0.70%
Capital to Risk Asset Ratio (CRAR)
· The Company’s CRAR stood at 29.68% as on 30th June 2025, of which Tier I capital is 28.96 % and Tier II is 0.72 % as compared to 29.50% as on 30th June 2024, of which Tier I capital is 28.43% and Tier II is 1.07%.
Commenting on the performance Mr. Girish Kousgi, Managing Director & CEO said:
“The Company’s focus on high-yielding business led to 30% YoY disbursement growth in the Affordable and Emerging markets segment during the quarter contributing 50% in the retail disbursement. Our asset quality continues to improve with GNPA of 1.06 % as on June 30, 2025. While maintaining a balance between growth and profitability, our ROA stood at 2.57% annualised for FY 25-26. As we look forward, we are confident of our ability to achieve our stated guidance for the fiscal year.”
Statement of consolidated financial results for the quarter ended June 30, 2025
(Rs in crore)
S.no. |
Particulars | Quarter ended | Year ended | ||
30-Jun-25 | 31-Mar-25 | 30-Jun-24 | 31-Mar-25 | ||
(Unaudited) | (Audited) (Refer Note 7) |
(Unaudited) |
(Audited) | ||
| Revenue from operations |
|
|
|
|
(i) | Interest income | 1,980.35 | 1,905.92 | 1,739.07 | 7,273.73 |
(ii) | Fees and commission income | 81.71 | 109.48 | 75.15 | 364.32 |
(iii) | Net gain on fair value changes | 14.05 | 6.45 | 8.84 | 27.30 |
I | Total revenue from operations | 2,076.11 | 2,021.85 | 1,823.06 | 7,665.35 |
II | Other income | 5.76 | 14.93 | 9.02 | 26.28 |
III | Total income (I+II) | 2,081.87 | 2,036.78 | 1,832.08 | 7,691.63 |
| Expenses |
|
|
|
|
(i) | Finance cost | 1,234.37 | 1,178.05 | 1,096.93 | 4,551.40 |
(ii) | Impairment on financial instruments & write-offs# | (56.22) | (64.83) | (11.96) | (158.53) |
(iii) | Employee benefits expenses | 118.01 | 105.11 | 109.23 | 421.47 |
(iv) | Fees and commission expense | 3.44 | 4.51 | 3.00 | 13.82 |
(v) | Depreciation, amortisation and impairment | 14.70 | 14.31 | 13.35 | 55.89 |
(vi) | Other expenses | 79.65 | 88.42 | 67.35 | 321.81 |
IV | Total expenses | 1,393.95 | 1,325.57 | 1,277.90 | 5,205.86 |
V | Profit before tax (III-IV) | 687.92 | 711.21 | 554.18 | 2,485.77 |
| Tax expense: -Current tax -Deferred tax (charge/(credit)) |
131.98 |
168.39 |
145.61 |
569.83 |
22.44 | (7.56) | (24.24) | (20.20) | ||
VI | Total tax expense | 154.42 | 160.83 | 121.37 | 549.63 |
VII | Net profit after tax (V-VI) | 533.50 | 550.38 | 432.81 | 1,936.14 |
VIII | Other comprehensive income |
|
|
|
|
| A (i) Items that will not be reclassified to profit or loss: Remeasurement gain/ (loss) on defined benefit plan | (1.36) | 0.43 | (1.18) | (0.44) |
| (ii) Income tax relating to items that will not be reclassified to profit or loss | 0.34 | (0.11) | 0.30 | 0.11 |
| B (i) Items that will be reclassified to profit or loss: Cash flow hedge | 117.34 | (56.37) | (21.57) | (92.65) |
| (ii) Income tax relating to items that will be reclassified to profit or loss | (29.53) | 14.19 | 5.43 | 23.32 |
IX | Total comprehensive income (VII+VIII) | 620.29 | 508.52 | 415.79 | 1,866.48 |
Earnings per share (of ₹ 10 each)* |
20.52 20.45 |
21.18 21.10 |
16.66 16.61 |
74.52 74.25 | |
-Basic (₹) -Diluted (₹) | |||||
Paid-up equity share capital (Face value of ₹ 10) | 260.13 | 259.93 | 259.73 | 259.93 | |
Reserves (excluding revaluation reserves) as at March 31 |
| 16,603.20 | |||
* EPS for the quarters are not annualised.
