PNB Housing Finance Ltd on Monday reported a 24% year-on-year rise in consolidated net profit to ₹582 crore for the quarter ended September 2025, driven by robust performance in the affordable and emerging market segments.
The company’s net interest income (NII) grew 14.4% to ₹765 crore, while its net interest margin (NIM) stood at 3.67%, marginally lower than 3.74% in Q1 FY26 and 3.68% in the same period last year. Operating expenses rose 7.6% to ₹217 crore during the quarter. Management expects NIMs to remain within the 3.6–3.7% range for the remainder of the fiscal year.
Strong Disbursement Momentum
Disbursements rose 12.2% year-on-year and 20.4% sequentially to ₹5,995 crore in Q2. Within this, disbursements in the affordable housing and emerging market segments increased by 30.7% and 23%, respectively, together accounting for 50% of total retail disbursements.
The company reaffirmed its growth guidance of 17–18% for FY26, citing continued demand momentum in the retail housing space.
Focus on Sustainable Retail Expansion
“Looking ahead to FY26, our focus remains on accelerating retail growth and expanding our presence in the Affordable and Emerging Markets segment. We aim to enhance customer experience, strengthen our risk framework, and maintain strong asset quality while delivering sustainable returns,” said Jatul Anand, Executive Director of PNB Housing Finance, during the post-earnings analyst call.
