| Management target | Revenue 19.0% FY27 |
|---|
| Revenue growth | 18% to 20% loan book growth guided for FY27. |
|---|---|
| Margins | NIM bottomed at 3.50%; expansion expected from H2 FY27. |
| Demand visibility | Resilient domestic demand supported by government infrastructure and affordable housing focus. |
| Management confidence | High; management expects Q2 disbursements and margins to improve significantly. |
Growth
Retail loan portfolio grew 16% Y-o-Y to INR 89,180 crores. Disbursements grew 18% Y-o-Y to INR 5,882 crores.
Outlook
Guided for 18-20% overall loan book growth for FY27. Targeting 50-60% growth in Affordable housing loan book.
Risks
Geopolitical tensions in West Asia and volatile crude oil prices. Asset quality shows slight cyclical increase in 30+ DPD.
Last quarter's promises, checked
Delivered
- Retail loan book growth 18-20% → delivered 16% (= PARTIAL)
- Corporate book restricted to 3% → delivered 3% (= BEAT)
- Opex to ATA 1.0-1.1% → delivered <1% (= BEAT)
Partly delivered
- Affordable segment growth 50% → delivered 27% (= PARTIAL)
Missed
- NIM range 3.55-3.65% → delivered 3.50% (= MISS)
Earnings Call Transcript filed with NSE, NSE: PNBHOUSING. Summary written with AI assistance from the document.
PNB Housing Finance Ltd: key numbers
- Share price
- ₹1,094.90
- Market cap
- ₹28,555 Cr
- Revenue (annual)
- ₹8,505 Cr
- Net profit (annual)
- ₹2,291 Cr
- P/E (TTM)
- 12.3×Sector 22.0×
- Promoter holding
- 28.03%-0.01% QoQ
- FII holding
- 16.81%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from PNB Housing Finance Ltd
All →PNB Housing Finance Credit Rating
PNB Housing Finance received a [ICRA]AAA rating for its new Rs 2,000 Crore NCD programme. Existing ratings for bank facilities and NCDs were reaffirmed by ICRA.
PNB Housing Finance Debt & Borrowing
PNB Housing Finance intimated NSE of the record date for a CP redemption due 27 Oct 2026. No monetary value is stated in this intimation.
PNB Housing Finance Management Change
PNB Housing Finance designated Mr. Jatul Anand as its Chief Operating Officer (COO). He previously served as an Executive Director (non-Board).
PNB Housing Finance Debt & Borrowing: ₹500 Cr
PNB Housing allotted ₹500 Crore in 5-year secured NCDs at 8.135% via private placement on NSE EBP. The securities will be listed on NSE WDM segment.
- Value
- ₹500.0 Cr
PNB Housing Finance Earnings Call Transcript: Key Takeaways
Management is transitioning from a consolidation phase to aggressive retail expansion, targeting a 17% AUM CAGR through FY27. The strategy hinges on high-yield 'Affordable' and 'Emerging' verticals to offset Prime segment margin compression.
- Call
- Guides 17% growth
PNB Housing Finance Debt & Borrowing: ₹700 Cr
PNB Housing Finance Limited redeemed Commercial Papers worth ₹700 Crore on the due date of September 15, 2026. This confirms the repayment of debt obligations.
- Value
- ₹700.0 Cr