Report Wire - PNB Housing Finance Q3 revenue jumps 43% to ₹269 crore; asset high quality improves

Report Wire

News at Another Perspective

PNB Housing Finance Q3 revenue jumps 43% to ₹269 crore; asset high quality improves

2 min read
PNB Housing Finance said that its spread on loans stood at 3.38% in Q2 FY23. (iStockphoto) (MINT_PRINT)

(PTI) PNB Housing Finance on Tuesday reported 43 per cent leap in internet revenue at ₹269 crore pushed by an enormous progress within the core internet curiosity earnings in December quarter regardless that mortgage progress was muted for the interval.

The firm’s internet curiosity earnings jumped 67 per cent to ₹734 crore in the course of the quarter, because it handed on the rising rates of interest to its clients regardless that the mainstay retail mortgage e-book inched up solely 6.6 per cent to ₹53,123 crore.

Retail e-book constitutes as a lot as 92 per cent of this asset, the corporate mentioned in a press release.

Total mortgage e-book elevated to ₹58,034 crore from ₹57,845 crore in December 2021. Spread on loans stood at 3.83 per cent, up from 3.38 per cent, serving to it enhance its internet curiosity margin to 4.68 per cent from 4.14 per cent.

Total earnings rose to ₹1,713.64 crore within the quarter from ₹1,411.24 crore within the year-ago interval.

Impairment on monetary devices and write-offs rose to ₹254.84 crore from ₹129.48 crore.

Overall asset high quality improved with gross unhealthy mortgage ratio coming right down to 4.87 per cent from 6.06 per cent and internet NPA ratio remaining flat at 3.22 per cent.

Of the overall dud loans, 2.86 per cent are within the retail phase, which additionally improved from 3.39 per cent whereas company NPAs stood at 26.61 per cent, down from 30.37 per cent.

 

View Full Image

What is EBITDA

Catch all of the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint.
Download The Mint News App to get Daily Market Updates.

More
Less