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PNB Housing Finance Q2 Profit Rises 6% to ₹617 Cr, Income Grows 14%
Sentiment: NeutralMedium Priority
What Happened?
PNB Housing Finance reported a 6% increase in net profit to ₹617 crore for Q2 2026, up from ₹582 crore last year. Total income rose to ₹2,424 crore from ₹2,131 crore.
Key points
- Net profit for Q2 2026 is ₹617 crore.
- Total income increased to ₹2,424 crore.
- Interest income rose to ₹2,289 crore.
- Net interest income grew 15% to ₹878 crore.
- Gross NPAs decreased to 0.91%.
- Capital adequacy ratio declined to 27.02%.
- Assets under management reached ₹98,210 crore.
Key insights
- The increase in net profit suggests effective cost management.
- A decline in NPAs indicates improved asset quality.
- The growth in assets under management may attract more investors.
Why it matters
The financial performance indicates stability and growth in the housing finance sector.
Entities
PNB Housing Finance· Company
Source
Business Standard
