PNB Housing Finance posts 21% yoy dip in PAT for Q3FY20

PNB Housing Finance posts 21% yoy dip in PAT for Q3FY20

PNB Housing Finance reported its Q3FY20 earnings post market hours on Thursday.

Net profit fell to Rs237cr in the quarter from Rs302cr in the year-ago quarter, down 21% yoy.

Revenue from operations remained mostly unchanged at Rs2,074cr.

Interest income rose to Rs1,896cr in Q3FY20 from Rs1,761cr yoy.

GNPA stood at 1.45% on AUM and 1.75% on Loan Assets. Disbursement came in at Rs15,800cr (US$ 2,215 mn), down 66% yoy.

Retail loans made 87% of the total AUM.

NIM stood at 2.98% in the quarter vs. 3.06% yoy and 3.19% qoq.

PNB Housing Finance Ltd ended at Rs542.30 down by Rs28.6 or 5.01% from its previous closing of Rs570.90 on the BSE.

The scrip opened at Rs574.90 and touched a high and low of Rs579.25 and Rs525.20 respectively. A total of 18,06,277 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs9,601.79cr.

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