PNB Housing Finance Q3 Results: Net profit jumps 43% YoY to Rs 483 crore on strong home loan demand
PNB Housing Finance on Tuesday reported a 43 per cent jump in net profit to Rs 483 crore for the December quarter. The non-banking finance company, promoted by Punjab National Bank, had earned Rs 338 crore in the same quarter a year ago.
Total income during the third quarter of the current fiscal year grew to Rs 1,943 crore from Rs 1,756 crore in the year-ago period, PNB Housing Finance said in a regulatory filing.
During the quarter, interest income improved to Rs 1,848 crore as compared to Rs 1,680 crore in the same period a year ago.
Total expenses increased marginally to Rs 1,327 crore as against Rs 1,316 crore a year earlier.
Gross non-performing assets declined to 1.19 per cent as of December 31, 2024, compared to 1.73 per cent at the end of the third quarter of the previous fiscal year.
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