PNB Housing Finance shares jumped more than 4% after the company reported robust earnings for Q2 FY25.
The company’s net profit saw a 23% year-on-year rise to ₹470 crore, while its net interest income (NII) grew by 1.2% YoY to ₹669 crore. NII also improved 2.7% quarter-on-quarter, despite the slower growth due to a shrinking corporate book.
Net interest margin (NIM) slightly dipped to 3.68% in Q2 FY25 from 3.95% YoY. However, gross NPA declined to 1.24%, showing a significant improvement from 1.78% in the previous year. The company’s AUM grew 10.8% YoY to ₹74,724 crore, highlighting its solid performance.
As of 9:54 am, PNB Housing shares were trading 4.86% higher at Rs 979.90 on the NSE.
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.
