PNB Housing Finance Profit rose 51% of quarter year 2018-19 Finance year

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PNB Housing Finance Limited said on Thursday its net interest income registered a growth of 13 per cent to rupees 609.7 crore in the quarter ending 31 march from rupees 540.8 crore in the corresponding period of the previous fiscal year. The net interest margin for the quarter stood at 3.18 per cent.

PNB Housing said its board of directors recommended the final dividend of rupees 9 per equity share for 2018-19.

On asset quality, the gross non-performing asset stood at 0.48 per cent of the loan asset as on March 31, 2019, as against 0.33 per cent at the end of March 2018.

Net NPA stood at 0.38 per cent against 0.23 per cent.

PNB Housing Finance Profit rose

The company’s asset under management (AUM) is at rupees 84,721.9 crores as on March 31, 2019, up from rupees 62,252 crores a year ago, it added. Loan asset grew 30 per cent from a year earlier to rupees 74,023.0 crores.

“FY 18-19 was a challenging year with tight liquidity, which impacted the overall Indian financial and real estate sectors, our Profit After Tax (PAT) for the year crossed a landmark of 1,100 crore rupees for the financial year 18-19. We would continue to maintain a balanced approach to business, with a focus on asset quality, and improving profitability. This resulted in double-digit growth across all the businesses and financial sectors.” said Managing Director Sanjaya Gupta.

Shares of PNB Housing Finance Thursday rose 0.81 per cent of rupees 698.65 on the BSE.

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