Business
PNB Housing Finance Q4 profit surges 19% to Rs 656 crore with strong retail growth
Its annual net profit for FY26 stood at 2291 crore over Rs 1936 crore in the preceding fiscal reflecting a 18% growth.
The board of the company proposed a final dividend Rs 8 per share having face value of Rs 10 a piece for the fiscal ended March 31.
Its net interest margin for the quarter however dipped a bit to 3.69% against 3.75% in the year ago period while the gross non-performing assets ratio improved to 0.93% from 1.08% a year back.
The mortgage lender’s assets under management expanded 13% year-on-year to Rs 90,921 crore. Its retail loan asset grew 16% to Rs 86,946 crore while the company resumed corporate lending after a gap of around four years.
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The company said that the affordable and emerging Markets segment grew by 28% year-on-year and contributed 40% to the retail loan assets.
Its retail disbursements clocked an all-time high of Rs 9,020 crore in the quarter under review while it disbursed Rs 335 crore to builders marking a re‑entry into the corporate lending segment.
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