3 stories mentioning NSE:PNBHOUSING
Every FINWIRES story that references NSE:PNBHOUSING, newest first.
PNB Housing Finance (BOM:540173, NSE:PNBHOUSING) has an average rating of buy and mean price target of 1,155.08 Indian rupees, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
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 withsustaining 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.
PNB Housing Finance's (NSE:PNBHOUSING, BOM:540173) consolidated attributable profit rose to 6.56 billion Indian rupees in the fiscal fourth quarter ended March 31 from 5.50 billion rupees a year ago.Earnings per share came in at 25.11 rupees from 21.10 rupees a year earlier, according to a Monday filing to the Indian stock exchanges by the housing finance company. The EPS was higher than the 21.26 estimated by the analysts polled by Visible Alpha.Revenue from operations in fiscal Q4 also increased to 21.8 billion rupees from 20.2 billion rupees a year ago.The company's board recommended a final dividend of 8 rupees per equity share of face value of 10 rupees each for the financial year ended March 31.