PNB Housing board to consider Rs 5,000 crore NCD issue on Sept 5
PNB Housing Finance said its board will meet on Friday, 5 September 2025, to consider a proposal for raising funds by issuing Non-Convertible Debentures (NCDs) of up to Rs 5,000 crore.
The fundraising may be carried out in tranches, with or without a green shoe option, through private placement. The proposal will be placed before the board for approval and necessary authorisations.
PNB Housing Finance is a deposit taking housing finance company registered with National Housing Bank (NHB). The companys asset base comprises primarily of retail home loans. The retail business focusses on organized mass housing segment financing for acquisition or construction of houses. In addition, it also provides loans against property and loans for purchase & construction of non-residential premises.
In Q1 June 2025, PNB Housing Finance's net profit increased by 23% YoY and declined by 3% QoQ to Rs 534 crore. Net interest income grew by 17% YoY and 4% QoQ to Rs 760 crore during the quarter. Net interest margin stood at 3.74% in Q1FY26 as against 3.75% in Q4FY25 and 3.65% in Q1FY25.
Shares of PNB Housing Finance fell 1.67% to Rs 753.45 on 29 August 2025.
Net interest income (NII) for the period under review was Rs 760 crore, up 17% year on year (YoY).
Net Interest Margin stood at 3.74% in Q1 FY26 compared with 3.65% in Q1 FY25. Gross Margin, net of acquisition cost, stood at 4.06% in Q1FY26.
In Q1 FY26, operating expenditure grew by 12% YoY to Rs 216 crore. Pre-provision operating profit grew by 17% YoY to Rs 632 crore. With recovery from write-off pool, Credit Cost was -27 bps in Q1 FY26 as against -7 bps in Q1 FY25.
Profit before tax in Q1 FY26 stood at Rs 687.92 crore, marking a 24.13% increase from Rs 554.18 crore in Q1 FY25.
Yield stood at 9.99% in Q1 FY26, compared to 10.03% in Q1 FY25.
Cost of Borrowing is at 7.76% in Q1 FY26 as compared to 7.92% in Q1 FY25.
Spread on loans is at 2.23% in Q1 FY26 as compared to 2.11% in Q1 FY25.
The Retail disbursement grew by 14% YoY to Rs 4,980 with Affordable segment growth at 30% and Emerging Markets segment growth at 32% in Q1FY26.
Loan asset grew by 16%YoY Rs 77,732 crore as on 30 June 2025. Retail loans grew by 18% YoY to Rs 76,923 crore as on 30 June 2025. Within Retail, Affordable Loan Asset grew by 143% YoY to Rs 5,744 crore, Emerging Markets Loan Asset grew by 20% YoY to Rs 22,701 crore and Prime segment grew by 10% YoY to Rs 48,478 crore as on 30 June 2025.
Asset under management (AUM) grew by 13% YoY to Rs 82,100 crore as on 30 June 2025.
Gross non-performing assets stood at 1.06% as on 30 June 2025 as compared to 1.35% as on 30 June 2024. Net NPA stood at 0.69% as on 30 June 2025.
No comments:
Post a Comment