PNB Housing Finance Limited — Important, 21-01-2025: Financial Result Updates

**Consolidated Financial Results for PNB Housing Finance Limited**

Total revenue from operations for the quarter ended December 31, 2024, reached ₹1,941.76 crore, reflecting a **10.65%** year-over-year growth from ₹1,754.75 crore. This growth is largely attributed to increased interest income driven by a higher demand for housing loans amidst a competitive market, along with a rise in fees and commission income.

Net profit after tax stood at ₹483.27 crore for the quarter, showing a **42.74%** increase compared to ₹338.44 crore in the same quarter last year. Earnings Per Share (EPS) grew to ₹18.60 from ₹13.04, benefitting from improved operational efficiency and favorable market conditions.

Total expenses increased to ₹1,327.46 crore, up **0.38%** from ₹1,315.70 crore a year ago. Notable expenses included finance costs, which were ₹1,157.92 crore for the quarter, slightly higher than the previous year due to an overall rise in borrowing costs. Employee benefits expenses saw an increase due to hiring during the quarter.

The balance sheet indicates a robust financial position with a net worth of approximately ₹16,348.91 crore. The gross Non-Performing Assets (GNPA) ratio remains stable at **1.19%**, and the Net Non-Performing Assets (NNPA) ratio is at **0.80%**, indicating effective asset quality management.

Looking ahead, PNB Housing Finance's focus on expanding its lending portfolio while managing operational costs will be key. The market sentiment appears favorable, bolstered by a growing demand for residential properties.

For investors, given the strong financial performance, effective cost controls, and favorable market dynamics, a **buy** insight is justified, alongside careful monitoring of ongoing cost management and asset quality.