PNB Housing Finance Ltd.

NSE: PNBHOUSING | BSE: 540173 | ISIN: INE572E01012 |Industry: Housing Finance
|Turnaround Potential
345.05 -5.95 (-1.70%)
NSE Oct 29, 2020 15:31 PM
Volume: 269.0K

PNB Housing Finance Ltd.    
31 Jul 2019
Nirmal Bang Institutional
PNB Housing Finance (PNBHF) reported 1QFY20 results with the key pointers being: (1) Spread expanded 42 bps YoY to 2.53% with rise in yield outpacing the rise in cost of borrowings (2) Disbursements declined 22% YoY to Rs 76.34bn with a view to maintaining liquidity and staying cautious on wholesale lending (3) Asset quality worsened with Stage 3 assets ratio rising 37 bps QoQ to 0.85% but this is more than built into our conservative model and (4) Opex to ATA declined 7 bps YoY to 56 bps, which is also broadly along expected lines (See comprehensive conference call takeaways on page 2 for significant incremental colour). Per se, on the key P&L; items, PNBHF posted 44% YoY NII growth at Rs6,225mn, PPOP growth of 67% YoY at Rs6,498mn...
PNB Housing Finance .. has an average target of 390.00 from 4 brokers.
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