Mortgage firm PNB Housing Finance Limited on Friday (September 5) announced that its board of directors approved the issuance of non-convertible debentures (NCDs) of up to ₹5,000 crore.
The NCDs will be issued on a private placement basis, with or without a green shoe option, in one or more tranches. The issuance may be undertaken by the board of directors or any committee authorised by it, from time to time.
First quarter results
PNB Housing Finance reported a 23.2% year-on-year (YoY) surge in net profit at ₹533.5 crore for the first quarter that ended June 30, 2025. In the corresponding quarter of the previous fiscal, the company posted a net profit of ₹432.8 crore.
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The company’s revenue from operations increased 14% to ₹2,076 crore against ₹1,823 crore in Q1FY25. The lender’s net interest income (NII) grew 24.2% YoY to ₹688 crore against ₹554 crore. Gross margin, net of acquisition cost, stood at 4.06%.
Gross non-performing assets (GNPA) of PNB Housing Finance stood at 1.06% as on June 30, 2025, showing an improvement from 1.35% a year ago and 1.08% as on March 31, 2025. Retail GNPA declined to 1.07% as of June 30, 2025, compared to 1.39% on June 30, 2024, and 1.09% on March 31, 2025.
The company maintained a clean book in its corporate lending portfolio, with corporate GNPA at nil across all three periods. Net non-performing assets (NNPA) stood at 0.69% as on June 30, 2025, with the retail segment reporting NNPA at 0.70%.
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Shares of PNB Housing Finance Ltd ended at ₹792.50, up by ₹9.90 or 1.27%, on the BSE today, September 5.
(Edited by : Shoma Bhattacharjee)
