PNB Housing Finance Shares Surge 11% Following Strong Q4 Earnings Report
PNB Housing Finance shares jump 11 pc post Q4 earnings
News 18
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Shares of PNB Housing Finance, a company promoted by Punjab National Bank, rose by 11% to ₹1,006 after reporting a 19% increase in net profit to ₹656 crore for the March quarter. This performance reflects a rise in total income and interest income, despite a slight decline in net interest margin.
- 01PNB Housing Finance's shares jumped 11% to ₹1,006 following Q4 earnings.
- 02Net profit for the March quarter increased by 19% to ₹656 crore.
- 03Total income rose to ₹2,172 crore, up from ₹2,037 crore a year earlier.
- 04Interest income in Q4 FY26 was ₹2,054 crore, compared to ₹1,906 crore in the previous year.
- 05Gross non-performing assets (NPAs) improved to 0.93% from 1.08%.
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Shares of PNB Housing Finance, a housing finance company promoted by Punjab National Bank, surged 11% to ₹1,006 on the Bombay Stock Exchange (BSE) following the announcement of its fourth-quarter earnings. The company reported a 19% rise in net profit, reaching ₹656 crore for the quarter ending March 2026, compared to ₹550 crore in the same quarter the previous year. Total income also saw an increase, rising to ₹2,172 crore from ₹2,037 crore year-over-year. Interest income grew to ₹2,054 crore, up from ₹1,906 crore in the previous year. Despite these positive results, the net interest margin declined slightly to 3.69% from 3.75% in the previous quarter. Additionally, the gross non-performing assets (NPAs) improved to 0.93%, down from 1.08% a year earlier, indicating better asset quality.
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The rise in PNB Housing Finance's shares reflects investor confidence, which could lead to increased investment in housing finance, potentially benefiting homebuyers through better loan options.
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