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HomeNewsBusinessEarningsPNB Housing Finance Q3 profit up 32% at Rs 303 crore

PNB Housing Finance Q3 profit up 32% at Rs 303 crore

Total income of the housing finance company rose to Rs 2,078.46 crore as compared to Rs 1,416.21 crore in the same period a year ago.

January 24, 2019 / 17:14 IST
We are in the last phase of the September quarter earnings season, and the results announced by the BSE 500 companies so far have shown signs of a sharp recovery, as compared to the June quarter, when the economic activity in the country was compromised due to lockdown in various regions. From the BSE 500 list, 216 companies have announced their September quarter results so far. We excluded banking and financial companies.  Along with the index stocks we also analyse each sector quarterly earnings. (Data Source: ACE Equity)
     
     
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    PNB Housing Finance on Thursday reported a 32 percent rise in consolidated net profit at Rs 303 crore in the third quarter ended December 2018. Its net profit was Rs 229.5 crore in the corresponding quarter a year ago, PNB Housing Finance said in a statement.

    Total income of the housing finance company rose to Rs 2,078.46 crore as compared to Rs 1,416.21 crore in the same period a year ago.

    Net interest margin increased to 3.06 percent as against 3.02 percent for the third quarter of the previous fiscal.

    Gross non-performing assets (NPAs) rose to 0.47 percent of the assets as compared to 0.42 percent in the same period a year ago. At the same time, net NPAs widened 0.37 percent from 0.31 percent.

    Total borrowings stood at Rs 69,165.6 crore as on December 2018 as against Rs 50,751.0 crore at the end of third quarter of 2017-18, registering a growth of 36 percent.

    PTI
    first published: Jan 24, 2019 04:52 pm

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