Business Standard

PNB Housing Fin Q3 net down 19% to Rs 188 crore on shrinking NII

Loan book shrinks as well; CFO resigns

PNB housing finance, Punjab national bank

Abhijit Lele Mumbai
PNB Housing Finance Ltd’s (PNB HFC) net profit fell by 19 per cent year-on-year to Rs 188 crore in the third quarter ended December 2021 (Q3FY22) on shrinking net interest income (NII).

It had posted a net profit of Rs 232 crore in Q3FY21 and Rs 235 crore in the second quarter ended September 2021 (Q2FY22).

Its stock closed 1.06 per cent higher at Rs 487.35 per share on BSE.

Its Net Interest Income (NII) declined by 26 per cent at Rs 439 crore in Q3FY22 from Rs 590 crore in Q3FY21. Net Interest Margin was down at 2.7 per cent as compared

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First Published: Jan 20 2022 | 8:43 PM IST

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