PNB Housing Finance on January 24 reported a 26 percent on-year rise in its net profit to 338.44 crore in the third quarter of the financial year 2023-23.
Gross Non-Performing Assets (NPA) is at 1.73 percent as on December 31, 2023 as compared to 4.87 percent in a year ago period and 1.78 percent in a quarter ago period.
Retail Gross NPA is 1.67 percent as on December 31, 2023, as compared to 2.86 percent as on December 31, 2022, and 1.74 percent as on September 30, 2023.
Corporate Gross NPA is 3.35 percent as on December 31, 2023, as compared to 26.61 percent as on December 31, 2022, and 2.86 percent as on September 30, 2023.
Net NPA stood at 1.14 percent as on December 31, 2023. Net NPA in Retail segment is at 1.14 percent and in Corporate segment at 1.30 percent.
Asset under Management (AUM) grew by 4 percent on-year to Rs 68,549 crore as on December 31, 2023.
Loan Asset grew by 7 percent on-year and 2 percent on-quarter to Rs 62,337 crore as on December 31, 2023. Retail loans grew by 13 percent on-year and 3 percent on-quarter to Rs 60,129 crore as on December 31, 2023.
Corporate loans were at Rs 2,208 crore as on December 31, 2023, reduced by 55 percent as compared to December 31, 2022.
Disbursements for Q3 FY24 stood at Rs 4,143 crore registering an increase of 21 percent on-year and degrew by 1 percent on-quarter.
Net Interest Income excluding one-off remained flat at Rs 622 crore on QoQ basis due to gradual shift in mix towards retail. However, reported NII declined by 19 percent on-year and 10 percent on-quarter to Rs 595 crore, release said.
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