PNB Housing Finance Limited — Updates, 21-01-2025: Press Release

Retail disbursement by PNB Housing Finance surged 31% YoY to ₹5,380 crore in Q3 FY25, driven by a notable 126.8% growth in the affordable segment. Gross Non-Performing Assets (GNPA) improved to 1.19%, down from 1.73% a year earlier. The company recovered ₹53 crore from its written-off retail portfolio. Profit after tax for the nine-month period reached ₹1,385.8 crore, marking a 29.7% increase from the previous year. The Net Interest Income rose 17% YoY to ₹695.7 crore, while operating expenses grew 22.3%. The financial health indicators remain solid with a Capital Risk Adequacy Ratio of 28.8%. These results reflect a positive outlook for PNB Housing, showcasing strong growth in its retail and affordable housing segments amidst improving asset quality. Investors should monitor the company's progress, especially its capacity to leverage its extensive branch network for future growth opportunities.