Infographic: PNB Housing Finance Q1 net profit down by 3%

PNB Housing finance reported total income of INR 1411 crores during the period ended June 30, 2022 as compared to INR 1425 crores during the period ended March 31, 2022. The company reported a dip in its revenue by 0.97% and 16.59% on QoQ and YoY basis subsequently. The company has posted net profit / (loss) of INR 235 crores for the period ended June 30, 2022 as against net profit / (loss) of INR 170 crores for the period ended March 31, 2022. The net profit of the company was up by 38.59% on the quarterly basis while it dipped by 3.2% on the yearly basis.

Disbursements during reporting quarter almost doubled to Rs 3,451 crore compared to Rs 1,759 crore in Q1FY22. Retail disbursement was 98 per cent of total disbursements in Q1 FY22-23. The Delhi-based mortgage lender is ramping up retail especially affordable housing loan book and scaled-down corporate loan portfolio.

Loan asset declined to Rs 56,301 crore as June 30, 2022 from Rs 60,438 crore a year ago and Rs 56,889 crore as March 31, 2022. The retail loan book grew to Rs 50,295 crore at end of June 2022 compared to Rs 49,450 crore in June 2021 and Rs 49,730 crore as end-March 2022.

The company’s corporate loan portfolio fell to Rs 6,006 crore at end-June 2022 from Rs 10,989 crore at end of June 2021. The corporate loan book contracted on account of accelerated pre-payment and pre-closures, said the statement. The Gross Non-Performing Assets (as per IndAS) reduced marginally to 6.35 per cent as end June 2022 from 6.4 per cent year ago and 8.12 per cent at end of March 2022. The company’s Capital Adequacy Ratio (CAR) stood at 23.9 per cent as of June 2022 up from 21.4 per cent at the end of June 2021.