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PNB Housing Finance December quarter net profit nearly flat at Rs 232 crore

The non-banking finance company (NBFC) had posted a net profit of Rs 237 crore in the same quarter of the previous fiscal.

January 27, 2021 / 06:21 PM IST
 
 
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PNB Housing Finance on Wednesday reported a nearly flat consolidated net profit at Rs 232 crore in the third quarter ended December.

The non-banking finance company (NBFC) had posted a net profit of Rs 237 crore in the same quarter of the previous fiscal.

Total revenue during October-December fell by 9 percent to Rs 1,896 crore from Rs 2,075 crore in the year-ago period, PNB Housing Finance said in a release.

Net interest margin–the measure of difference between interest earned and expended– stood at 3.2 percent for the said quarter as compared to 3 percent a year ago.