PNB Housing Finance Q2 net down 15% at Rs 313 crore; revenue falls 9%

PNB Housing Finance on Wednesday reported a 15 per cent decline in net profit at Rs 313 crore for the quarter ended September.

The housing finance company had posted a net profit of Rs 367 crore during the corresponding period of the previous fiscal.

Total revenue during the July-September period of FY21 declined by 9 per cent at Rs 2,022 crore, as against Rs 2,230 crore in the same period of 2019-20, PNB Housing Finance said in a statement.

Net interest margin stood at 3.5 per cent as compared to 3.2 per cent earlier, while the gross margin (net of acquisition cost) stood