ALFA Finder| 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
- ₹1,121.70
- Market cap
- ₹29,254 Cr
- Revenue (annual)
- ₹8,505 Cr
- Net profit (annual)
- ₹2,291 Cr
- P/E (TTM)
- 12.4×Sector 20.8×
- Promoter holding
- 28.01%-0.02% QoQ
- FII holding
- 14.19%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 Debt & Borrowing: ₹900 Cr
PNB Housing Finance confirmed full redemption of Commercial Paper series CP-535 (ISIN INE572E14KR8) on maturity, 5 November 2026. The redeemed amount was INR 900 Crore across 18,000 CPs.
- Value
- ₹900.0 Cr
PNB Housing Finance Debt & Borrowing
PNB Housing Finance intimated record dates of 25 and 26 November 2026 for two commercial paper ISINs, which mature the following day. The record dates are for redemption of CPs.
PNB Housing Finance Earnings Call Transcript: Key Takeaways
PNB Housing delivers strong disbursement growth and margin expansion, supported by a significant credit rating upgrade to AAA.
- Call
- Guides 20% growth
PNB Housing Finance Other Announcement
PNB Housing reported no deviation in NCD proceeds for the quarter ended September 30, 2026. Its CFO also certified commercial paper proceeds were used as disclosed.
PNB Housing Finance Investor Presentation: Key Takeaways
Q2 FY27: PAT INR 617 cr (+6% YoY), loan book INR 95,079 cr (+19% YoY), NIM 3.67%, GNPA 0.91%. Strategy shifts toward high-yield Affordable and Emerging Markets segments.
PNB Housing Finance Q2 FY27 Results: Net Profit ₹616.5 Cr, Up 6.0% YoY
PNB Housing Finance Ltd reported revenue from operations of ₹2,423 Cr (+13.9% YoY) and net profit of ₹616.5 Cr (+6.0% YoY) for Q2 FY27.
- Key figure
- Net profit ₹616.5 Cr · +6.0% YoY