-- Boosted by a growing loan portfolio of better-performing assets, India's PNB Housing Finance reported a solid rise in fourth-quarter profits on year, the lender reported Wednesday.
In the fourth period, PNB Housing Finance's loan portfolio grew by 15.3% on year to 87,373 crore, while net profits after tax grew by 19.2% to 656 crore, as a larger pool of assets, but a smaller amount of sour loans, boosted the home-loan giant's bottom line.
"We delivered a healthy expansion in our retail loan portfolio along with
sustaining robust asset quality and profitability," said Ajai Shukla, CEO and managing director, in a prepared statement. "The continued focus on disciplined collections and portfolio management resulted in GNPA (gross non-performing assets) improving to sub-1% levels."
The New Delhi-based PNB Housing Finance is a subsidiary of Punjab National Bank. The specialized lender primarily provides housing loans, often to first-time buyers, but also lends on other property-types, and holds a license to accept public deposits.
In the fourth quarter, PNB Housing's deposits grew to 18,055 crore, up a relatively modest 2.3% on year. The housing lender also boosted its borrowing from institutional lenders to 43,543 crore in the fourth period, up 22.5% on year.
PNB Housing's total expenses in the fourth quarter fell to 1,317 crore, off marginally from 1,325 crore in the year ago period, largely due to fewer write-offs or expenses associated with non-performing loans.
For the full fiscal year 2026, PNB Housing reported net profit of 2291 crore, up 18% on year.
PNB Housing shares traded up 8.1% following the lender's earnings release.