PNB Housing Finance Q4 Results: Net profit jumps 57% to ₹439 crore, NII up 7%

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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PNB Housing Finance on Monday reported a 57.3% year-on-year (YoY) rise in consolidated net profit at ₹439.3 crore in the fourth quarter ending March 31, 2024. The same was ₹279.3 crore in the year-ago period.

The consolidated net interest income for the quarter rose 7.2% to ₹623.2 crore, compared with ₹581.2 crore in the corresponding quarter of last fiscal.

The board of PNB Housing Finance has approved a proposal for issuance of NCDs (non-convertible debentures) up to ₹2,500 crore on a private placement basis in one or more tranches.

Following the earnings announcement, shares of PNB Housing Finance Ltd. climbed 8% from day’s low of ₹764.50. The stock has gained more than 70% over the last 12 months.

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KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow