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.    
24 Jan 2020
Nirmal Bang Institutional
PNB Housing Finance (PNBHF) reported 3QFY20 results with the key pointers being: (1) Asset quality deteriorated with Stage 3 assets ratio at 1.75% (+128bps YoY, +91bps QoQ) (2) Capital raise expected in Q4FY20; Clarity regarding PNB's status and shareholding (3) Loan book declined 7% YoY and 2% QoQ at Rs692bn; AUM was up 8% YoY, down 4% QoQ (4) NIM declined 8bps YoY, 21bps owing to 3 bps decline in yield and flat cost of borrowing (See comprehensive conference call takeaways on page 2 for significant incremental colour). Per se, on the key P&L; items, PNBHF posted 3% YoY NII growth at Rs5,721mn, PPOP growth of 6% YoY at Rs4,777mn and PAT decline of 12% YoY at Rs3,421mn. We have revised our estimates for FY20/FY21/FY22...
PNB Housing Finance Ltd. has gained 67.81% in the last 6 Months
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