PNB Housing Finance Ltd.

NSE: PNBHOUSING | BSE: 540173 | ISIN: INE572E01012 |Industry: Housing Finance
|Turnaround Potential
363.90 3.75 (1.04%)
NSE Oct 19, 2020 15:31 PM
Volume: 101.6K
 

PNB Housing Finance Ltd.    
24 Jul 2020
363.90
1.04%
Nirmal Bang Institutional
Remain wary of NPA risks amid challenging macros PNB Housing Finance (PNBHF) reported NII/PPOP at Rs 4,362mn/Rs4,094mn, 12%/7% better than our estimates. PAT at Rs 2,596mn was better than estimate primarily on account of lower provisioning. AUM declined by 5% YoY and was flat QoQ at Rs835bn. Disbursements were nil in April but picked up in May and further improved in June. Total disbursements for the quarter were Rs6.9bn. Collection efficiency (ex-morat loans) also witnessed improvement and stood at 98.2% (2 days ago) compared to ~96% in April. Sell down process was delayed due to covid led disruptions. The management has guided towards bringing down absolute opex by 5-10% in...
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PNB Housing Finance Ltd. is trading above all available SMAs
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