May 19,2023: PNB Housing Finance (PNBHF) reported a consolidated net profit of Rs 279 crore in Q4 FY23, registering a growth of 65% YoY as compared to Q4 FY22. The company’s net-interest income for the January-March quarter increased by 57% YoY to Rs 593 crore.
For FY23, the profit after tax (PAT) of the company stood at Rs 1,046 crore as against Rs 836 crore in the previous year, registering an increase of 25% YoY. The net interest income stood at Rs 2,346 crore in FY23 as compared to Rs 1,869 crore a year ago, marking an increase of 26% YoY.
Girish Kousgi, managing director and CEO, PNBHF, said, “After 13 quarters, we have achieved the highest retail disbursement and loan asset as an outcome of our ongoing efforts to build the retail business. We have also witnessed a remarkable improvement in the asset quality which reduced by 52% YoY. As another milestone we have successfully concluded our rights issue, which received an overwhelming response resulting in 1.21x subscription. The infusion of capital will enable us to capitalise on the available growth opportunities.”
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