PNB Housing Finance Targets 18-20% Growth in FY27 Following Strong Q4 Results
PNB Housing Fin eyes 18-20% growth in FY27, says Ajai Kumar Shukla
Business Standard
Image: Business Standard
PNB Housing Finance reported a 19% year-on-year increase in net profit, reaching ₹656 crore for Q4FY26. Shares surged over 8% to ₹979.05 following the announcement. Managing Director Ajai Kumar Shukla emphasizes a focus on retail loans, with corporate loans capped at 10% of the portfolio.
- 01PNB Housing Finance's net profit for Q4FY26 reached ₹656 crore.
- 02The company's shares rose by over 8% following the profit announcement.
- 03Ajai Kumar Shukla, the new MD and CEO, aims for 18-20% growth in FY27.
- 04Retail loans will remain the primary focus, limiting corporate loans to 10% of the portfolio.
- 05The growth is supported by a robust increase in loan assets.
Advertisement
In-Article Ad
Shares of PNB Housing Finance surged by over 8% to ₹979.05 after the company announced a 19% year-on-year growth in net profit, reaching ₹656 crore for the January-March quarter (Q4FY26). Ajai Kumar Shukla, who became the managing director and chief executive officer in December 2022, stated that the company aims for an 18-20% growth in FY27. While PNB Housing has recently ventured into corporate loans, Shukla emphasized that the focus will remain on retail loans, with corporate loans not exceeding 10% of the overall portfolio. This strategy is expected to drive further growth, supported by a significant increase in loan assets.
Advertisement
In-Article Ad
The strong performance of PNB Housing Finance may lead to increased lending activity, benefiting homebuyers and borrowers in the retail segment.
Advertisement
In-Article Ad
Reader Poll
Do you think PNB Housing Finance will achieve its growth target for FY27?
Connecting to poll...
More about PNB Housing Finance
Read the original article
Visit the source for the complete story.