Daijiworld Media Network- Mumbai

Mumbai, Jul 22: PNB Housing Finance Ltd has reported robust financial results for the first quarter of fiscal year 2026, with its standalone net profit surging 21% year-on-year to Rs 532 crore, as per an official exchange filing. The company had reported a net profit of Rs 439 crore in the corresponding quarter last year.

The housing finance firm also witnessed a healthy 16% jump in its net interest income (NII), which stood at Rs 733.57 crore, compared to Rs 631.25 crore in Q1FY25. Total income rose by 13.6% to Rs 2,070.61 crore, up from Rs 1,822.01 crore a year ago.

An additional highlight in the results was the provision write-back of Rs 56 crore, significantly higher than the Rs 12 crore write-back in the year-ago period, reflecting improved asset quality and risk management.

PNB Housing Finance shares closed marginally higher by 0.18% at Rs 1,084.20 on the NSE, even as the benchmark Nifty registered a 0.49% gain for the day. Over the past 12 months, the stock has delivered an impressive return of 36.91%, and 23.53% year-to-date.

Analyst sentiment remains largely positive, with Bloomberg data showing that out of 14 analysts tracking the stock, 13 have maintained a 'buy' rating and one has a 'hold'. The average 12-month target suggests a potential upside of 13.5% from current levels.

PNB Housing’s performance underscores its continued momentum in the housing finance sector, driven by strong credit demand and improving operational efficiencies.