PNB Housing Finance shares jumped 3% after the company reported strong financial results for Q3 FY25, showcasing impressive growth in profitability and income. As of 9:15 AM, PNB Housing Finance shares were trading 3.38% higher at Rs 930.30.
The company’s Profit After Tax (PAT) for the quarter ended December 31, 2024, surged 42.8% year-on-year (YoY) to Rs 483 crore, up from Rs 338 crore in Q3 FY24.
Key Financial Highlights:
- Total Income: Rs 1,943 crore, a 10.7% YoY increase from Rs 1,756 crore.
- Profit After Tax (PAT): Rs 483 crore, a 42.8% YoY growth.
- Net Interest Income (NII): Rs 1,943 crore, also reflecting a 10.7% YoY rise.
In the meantime, Global brokerage firm Morgan Stanley has maintained its ‘Overweight’ rating on PNB Housing Finance, with a target price of ₹1,520. This indicates a potential upside of nearly 69% from the current market price of ₹899.
According to Morgan Stanley, the company’s higher recoveries and faster loan growth have exceeded expectations, boosting its performance metrics. The brokerage also noted that PNB Housing Finance’s position in the housing finance segment is strengthening, supported by recoveries from a significant asset pool and robust operational efficiency.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
