PNB Housing Finance Q1 net jumps 93% on robust interest income – ET RealEstate

PNB Housing Finance Q1 net jumps 93% on robust interest income. PNB Housing Finance today reported a 93 per cent jump in net profit to Rs 184.80 crore for the first quarter of the current fiscal, mainly driven by robust earnings in core business. The company’s net profit stood at Rs 95.90 crore in April-June quarter of 2016-17.

PNB Housing Finance Limited (PNBHFL) is an Indian public limited housing finance company (HFC), headquartered in New Delhi with branches in major cities across India. The company is promoted by Punjab National Bank and is registered with state owned bank and regulation authority of India – National Housing Bank (NHB).

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PNB Housing Finance Q1 net jumps 93% on robust interest income 3 aug, 2017, 08.00PM IST The company’s net profit stood at Rs 95.90 crore in April-June quarter of 2016-17.

PNB Housing Finance Limited is a registered Housing finance company (hfc) with National Housing Bank (NHB).The company was formed under the Companies Act, 1956 and commenced its operations on November 11, 1988, and is a subsidiary of Punjab National Bank (PNB), which holds 51% of share capital in the Company.

Read more about IndusInd Bank Q4 net jumps 27% to Rs 9.53 bn on higher interest income on Business Standard. Gross bad loans as a percentage of total loans stood at 1.17% at end-March, compared with 1.16% in the previous quarter and 0.93% a year earlier.

PNB Housing Finance today reported a 93 percent jump in net profit to Rs 184.80 crore for the first quarter of the current fiscal, mainly driven by robust earnings in the core business.

New Delhi, Aug 3 () PNB Housing Finance today reported a 93 per cent jump in net profit to Rs 184.80 crore for the first quarter of the current fiscal, mainly driven by robust earnings. per cent.

Send me a copy: PNB Housing Finance has surged 6% to Rs 1,533 on BSE in early morning trade after the company reported a robust 93% year on year (YoY) jump in net profit at Rs 185 crore in June quarter (Q1FY18), on back of strong net interest income. The housing finance company had logged profit of Rs 96 crore in the same quarter an year ago.

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PNB Housing Finance Ratios, Financial summary of PNB Housing Finance, PNB Housing Finance, Profit & Loss, Cash Flow, Ratios, Quarterly, Half-Yearly, Yearly financials info of PNB Housing Finance.