PNB Housing Finance Ltd.

NSE: PNBHOUSING | BSE: 540173 | ISIN: INE572E01012 |Industry: Housing Finance
|Turnaround Potential
360.45 3.80 (1.07%)
NSE Oct 23, 2020 15:31 PM
Volume: 132.6K

PNB Housing Finance Ltd.    
25 Oct 2019, 12:00AM
Nirmal Bang
PNB Housing Finance (PNBHF) reported 2QFY20 results with the key pointers being: (1) Spread expanded 39 bps YoY to 2.62%; outlook for spreads remains positive (2) Disbursement de-growth was sharper than expected; capital raise pushed back (3) Asset quality was stable with Stage 3 assets ratio at 84%, down 1 bp QoQ and (4) Opex to ATA declined 5 bps YoY to 57 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 36% YoY NII growth at Rs6,268mn, PPOP growth of 47% YoY at Rs5,444mn and PAT growth of 64% YoY at Rs3,421mn. We have revised our estimates for FY20/FY21/FY22 and retained Buy rating on PNBHF, revising...
PNB Housing Finance .. has an average target of 390.00 from 4 brokers.
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