PNB Housing Finance Limited — Investor Meet, 02-05-2025: Analysts/Institutional Investor Meet/Con. Call Updates

PNB Housing Finance’s retail loan book grew 18.2% YoY to Rs. 74,802 Cr, with Affordable and Emerging segments comprising 26% of retail loans and Affordable segment rising 183% YoY to over Rs. 5,000 Cr. Retail disbursements increased 26% YoY, supported by a 40% share from these segments. Gross NPA improved to 1.08%, and credit cost was negative at 21 bps due to recoveries. NIM held steady at ~3.7%, ROA improved to 2.55%. Guidance includes 18% retail loan growth, stable NIM, ROA of 2.5%-2.6%, and Rs. 1,500-2,000 Cr corporate disbursements for FY26. Margin protection is expected through product mix and pricing strategy, supported by healthy 29.38% CRAR and tech-driven collections.