PNB Housing Finance has continued to post strong 4% growth in the net profit to Rs 557.34 crore for the quarter ended June 2026 (Q1FY2027) over Q1FY2026. The loan book of the company improved 15%, while overall AUM moved up 13% end June 2026 over June 2025. The company has posted healthy 18% growth in the disbursement in Q1FY2027. The asset quality remained stable in Q1FY2027.
The net interest margin was at 3.50% in the quarter ended June 2026, compared with 3.69% in the preceding quarter and 3.74% in the corresponding quarter last year. Net interest income for the quarter ended June 2026 increased 7% to Rs 799.80 crore as against Rs 745.98 crore in the same period of the previous year.
Income from operations increased 8% to Rs 2138.43 crore in the quarter ended June 2026. Interest expense moved up 8% to Rs 1338.63 crore, while other expenses (including staff cost of Rs 134.67 crore and other expenses of Rs 86.40 crore) increased 10% to Rs 221.07 crore. Ensuing Gross profit advanced 9% to Rs 705.66 crore.
The depreciation rose to Rs 16.36 crore in Q1FY2027 against Rs 14.70 crore in Q1FY2026. The provision reversal declined to Rs 29.14 crore against Rs 56.22 crore in same quarter last year. PBT increased 4% to Rs 718.44 crore.
Effective tax rate eased to 22.42% bps on yoy basis from 22.45%. The profit after tax of the company improved 4% to Rs 557.34 crore in the quarter ended June 2026.
Loan book and disbursements
The AUM of the company increased 13% to Rs 93021 crore end June 2026 over June 2025. The loan portfolio of the company increased 15% to Rs 89670 crore, while the loans sold outstanding declined 23% to Rs 3351 crore end June 2026 over June 2025.
Retail Loan Asset grew by 16% yoy to Rs 89178 crore at end June 2026, which is 99.5% of the total loan Asset. Affordable and Emerging Markets segment grew by 27% yoy and contributed 41% to the Retail Loan Asset.
The disbursements increased 18% to Rs 5882 crore in the quarter ended June 2026, after one-time impact of change in accounting in disbursement recognition from cheque handover to cheque realization.
Spread maintained at 2.12% QoQ during Q1 FY27 and declined by 11 bps on yoybasis. Cost of borrowing for Q1 FY27 increased slightly at 7.36%. Net Interest Margin moderated by 19 bps QoQ due to increase in leverage in Q1 FY27 and true up of Q4FY26 reported NIM.
Opex to ATA improved to 0.99% in Q1 FY27 from 1.08% in Q4 FY26.' ROA for Q1 FY27 stood at 2.37% and ROE at 11.44%.
The total number of branches stands at 404 as on 30th June 2026, including 12 additions in Q1FY27.
Asset quality
Gross NPA ratio stood at 0.95% at end June 2026 from 0.93% a quarter ago and 1.06% a year ago. Meanwhile, Net NPA ratio was steady at 0.58% at end June 2026 from 0.57% a quarter ago.
GNPA continues to be <1% at 0.95%.' the company has recovered 67 crore in Q1 FY27 from total written off pool resulting in negative 12 bps credit cost.
In absolute terms, GNPA stood at Rs 851 crore and NNPA at Rs 516 crore at end June 2026.
Capital Risk Adequacy Ratio remained healthy at 28.26% as on 30th June 2026; Tier I at 27.87%.
Book value of the company stood at Rs 758.9 per share, while adjusted book value was at Rs 739.1 per share at end June 2026.
Commenting on the performance Ajai Shukla, Managing Director & CEO said:''We have started FY27 on a steady note, with AUM growing 13% year-on-year to Rs 93,021 crore and our Retail loan book growing 16% year-on-year. The Affordable and Emerging Markets segments continued to be key growth driver, registering 27% growth and contributing 41% to the Retail loan book. Asset quality continued to be strong, with GNPA at 0.95%, while healthy recoveries from the written-off pool supported our profitability. We remain focused on strengthening our distribution network and digital capabilities. Our ongoing digital transformation initiatives across sourcing, underwriting, servicing and collections are helping enhance customer experience, improve operational efficiency and support scalable growth. Backed by a strong capital position and prudent risk management practices, we remain well positioned to drive sustainable growth and create long-term value for our stakeholders.'
Financial Performance FY2026:
For the year ended March 2026 (FY2026), PNB Housing Finance reported 11% rise in Income from operations at Rs 8071.17 crore. Interest expense moved up 10% to Rs 5000.24 crore, while other expenses increased 13% to Rs 853.86 crore. Ensuing Gross profit increased 11% to Rs 2650.94 crore. Depreciation increased 19% to Rs 66.48 crore, while the company has written back provisions of Rs 386.15 crore. PBT improved 20% to Rs 2970.61 crore. Effective tax rate stood at 22.87% FY2026, compared with 22.11% in FY2025. The PAT of the company improved 18% to Rs 2291.24 crore in FY2026.
| PNB Housing Finance: Consolidated Results | ||||||
| Particulars | 2606 (3) | 2506 (3) | Var % | 2603 (12) | 2503 (12) | Var % |
| Income from operations | 2138.43 | 1980.35 | 8 | 8071.17 | 7273.73 | 11 |
| Other Income | 126.93 | 101.52 | 25 | 433.87 | 417.90 | 4 |
| Total Income | 2265.36 | 2081.87 | 9 | 8505.04 | 7691.63 | 11 |
| Interest Expenses | 1338.63 | 1234.37 | 8 | 5000.24 | 4551.40 | 10 |
| Other expenses | 221.07 | 201.10 | 10 | 853.86 | 757.10 | 13 |
| Gross profit | 705.66 | 646.40 | 9 | 2650.94 | 2383.13 | 11 |
| Depreciation | 16.36 | 14.70 | 11 | 66.48 | 55.89 | 19 |
| Profit before tax and Provisions | 689.30 | 631.70 | 9 | 2584.46 | 2327.24 | 11 |
| Provisions and write off | -29.14 | -56.22 | -48 | -386.15 | -158.53 | 144 |
| Profit before tax' | 718.44 | 687.92 | 4 | 2970.61 | 2485.77 | 20 |
| Provision for tax | 161.10 | 154.42 | 4 | 679.37 | 549.63 | 24 |
| PAT | 557.34 | 533.50 | 4 | 2291.24 | 1936.14 | 18 |
| EPS*(Rs) | 85.6 | 82.0 | ' | 87.9 | 74.5 | ' |
| Equity | 260.6 | 260.1 | ' | 260.6 | 260.1 | ' |
| Adj BV (Rs) | 739.1 | 648.3 | ' | 718.5 | 628.7 | ' |
| * EPS and Adj BV are calculated on diluted equity as given for each year. Face Value: Rs 10, Figures in Rs Crore, Figures as per Ind AS | ||||||
| Source: Capitaline Corporate Database | ||||||
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