PNB Housing Finance's net profit rose by 6% year-on-year to ₹617 crore in the second quarter of the fiscal year 2027 (Q2 FY27). This increase reflects the company's strong performance in key financial areas, including a significant rise in net interest income and disbursements.
- Net interest income (NII) increased 15% to ₹878 crore in Q2 FY27 from ₹765 crore in Q2 FY26.
- Total disbursements surged 60% year-on-year to ₹9,609 crore.
- Retail disbursements reached a record ₹9,250 crore, growing 54% year-on-year.
- Asset quality improved with gross non-performing assets (GNPA) reducing to 0.91%.
- Credit cost decreased by 19 basis points due to recovery efforts.
What were the key financial highlights for PNB Housing Finance in Q2 FY27?
PNB Housing Finance reported a consolidated net profit of ₹617 crore in Q2 FY27, up 6% from ₹582 crore in the same quarter last year. The net interest income (NII) rose by 15% to ₹878 crore, indicating stronger earnings from interest on loans and advances. The net interest margin (NIM) remained stable at 3.67% year-on-year but improved by 17 basis points compared to the previous quarter.
The company’s assets under management (AUM) grew by 17% year-on-year to ₹98,210 crore as of September 30, 2026. This growth reflects increased lending and business expansion.
How did PNB Housing Finance’s disbursements perform?
Total disbursements increased sharply by 60% year-on-year to ₹9,609 crore in Q2 FY27, compared to ₹5,995 crore in Q2 FY26. Retail disbursements reached an all-time high of ₹9,250 crore, showing a 54% increase year-on-year and a 59% rise quarter-on-quarter. This growth was driven by a focus on affordable and emerging market segments.
What improvements were seen in asset quality?
The company’s asset quality improved sequentially, with gross non-performing assets (GNPA) decreasing by 4 basis points quarter-on-quarter to 0.91%. Additionally, PNB Housing Finance recovered ₹75 crore from previously written-off loans, which helped reduce the credit cost by 19 basis points.
What did the company’s leadership say about these results?
Ajai Shukla, Managing Director and CEO of PNB Housing Finance, described Q2 FY27 as an encouraging quarter marked by consistent growth. He highlighted the company’s focus on granular retail expansion, especially in affordable housing and emerging markets, which strengthened their market position while maintaining prudent risk management.
Shukla also noted the company’s highest-ever retail disbursements and improved asset quality supported by strong collections and recovery efforts. He emphasized that profitability improved due to better spreads, stable margins, and efficient cost management.
Looking ahead, Shukla expressed confidence in the long-term housing finance opportunity. He stated that the company would continue expanding its retail footprint, enhancing customer experience, and delivering sustainable value to stakeholders.
What is PNB Housing Finance’s market position?
As of October 28, 2026, PNB Housing Finance had a market capitalization of ₹1.38 lakh crore, reflecting its significant presence in the housing finance sector.
