PNB Housing Finance reports a 25% Q1 profit increase to Rs 433 crore due to strong home loan demand.
PNB Housing Finance reports a 25% increase in Q1 profit to Rs 433 crore ($51.7m) due to steady home loan demand. Total disbursements rose 19% to Rs 4,398 crore, and net interest income increased by 4% to Rs 651 crore. Gross bad loans as a percentage of total loans decreased to 1.35% from 3.76% last year and 1.50% last quarter. Shares rose by up to 2.6% after the results were announced.
July 25, 2024
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