Housing Finance company PNB Housing Finance announced 9MFY25 & Q3FY25 results Q3FY25 Financial Highlights: Net profit increased by 42.8% YoY and 2.9% QoQ to Rs 483.3 crore. Net Interest Income grew by 17.0% YoY and 4.1% QoQ to Rs 695.7 crore. The Net Interest Income for Retail segment grew by 17.4% YoY. Operating expenditure grew by 22.3% YoY and 1.9% QoQ to Rs 202.6 crore. Pre provision operating profit grew by 16.1% YoY and 3.7% QoQ to Rs 579.5 crore. Yield at 10.12% in Q3FY25 as compared to 10.05% in Q2FY25 and 10.19% in Q3FY24. Cost of Borrowing is at 7.83% in Q3FY25 as compared to 7.84% in Q2FY25 and 8.07% in Q3FY24. Spread on loans is at 2.29% in Q3FY25 as compared to 2.21% in Q2FY25 and 2.12% in Q3FY24. Net Interest Margin stood at 3.70% in Q3FY25 as compared to 3.68% in Q2FY25 and 3.49% in Q3FY24. Gross Margin, net of acquisition cost, stood at 4.07% in Q3FY25. With recovery from retail written off pool, Credit Cost was -19 bps in Q3FY25 as compared to -24 bps in Q2FY25 and 34 bps in Q3FY24 9MFY25 Financial Highlights: Net profit increased by 29.7% YoY to Rs 1,385.8 crore. Net Interest Income grew by 7.0% YoY to Rs 2,015.3 crore. The Net Interest Income for Retail segment grew by 12.4% YoY. Operating expenditure increased by 22.5% YoY to Rs 591.3 crore. Pre provision operating profit grew by 7.8% YoY to Rs 1,680.9 crore. Yield at 10.07% in 9MFY25 as compared to 10.45% in 9MFY24. Cost of Borrowing is at 7.86% in 9MFY25 as compared to 8.03% in 9MFY24. Spread on loans is at 2.21% in 9MFY25 as compared to 2.42% in 9MFY24. Net Interest Margin stood at 3.67% in 9MFY25 as compared to 3.77% in 9MFY24. Gross Margin, net of acquisition cost, stood at 4.06% in 9MFY25. With recovery from retail written off pool, Credit Cost was -17 bps in 9MFY25 as compared to +32 bps in 9MFY24. ROA improved by 40 bps on YoY basis at 2.48% in 9MFY25 (annualized). ROE is at 11.81% (annualized) for 9MFY25. Other Highlights: The disbursements during Q3FY25 grew by 29.9% YoY and 0.7% QoQ to Rs 5,380 crore o Retail Segment grew by 30.9% YoY and 0.7% QoQ to Rs 5,380 crore. Loan Asset grew by 15.4%YoY and 3.5% QoQ to Rs 71,917 crore as on 31 st Dec 2024. Retail loans grew by 17.5% YoY and 4.0% QoQ to Rs 70,676 crore as on 31 th Dec 2024. Within Retail, Affordable Loan Asset grew by 234.0% YoY to Rs 3,838 crore, Emerging Markets Loan Asset grew by 23% YoY to Rs 13,169 crore and Prime segment grew by 11% YoY to Rs 53,669 crore as on 31 st Dec 2024. Corporate loans are at Rs 1,241 crore as on 31 st Dec 2024, reduced by 43.8% as compared to 31 st Dec 2023. Asset under Management (AUM) grew by 12.1% YoY and 2.8% QoQ to Rs 76,840 crore as on 31 st Dec 2024 Asset Quality: Gross Non-Performing Assets stood at 1.19% as on 31 st Dec 2024 as compared to 1.24% as on 30th Sep 2024 and 1.73% as on 31 st Dec 2023 Retail GNPA is 1.21% as on 31 st Dec 2024 as compared to 1.27% as on 30th Sep 2024 and 1.67% as on 31 st Dec 2023. Corporate GNPA stands Nil as on 31 st Dec 2024 and 30th Sep 2024 as compared to 3.35% as on 31 st Dec 2023. Net NPA stood at 0.80% as on 31 st Dec 2024. NNPA in Retail segment is at 0.81% Girish Kousgi, Managing Director & CEO said: “The Company delivered on its growth and profitability parameters with Retail segment growth at 17.5% and Return on Asset at 2.48% (annualised) for 9MFY25. Our affordable segment is performing well and has delivered robust disbursement growth of 127% YoY to Rs 920 crore during the quarter. The portfolio asset quality continues to improve with Gross NPA at 1.19% as on 31 st Dec 2024. The Company received NHB refinance sanction of Rs 5,000 crore and another ECB sanction of USD 100 million in Q3FY25. The Company has signed an MoU with NHB under Pradhan Mantri Aawas Yojna Urban 2.0 to support the eligible beneficiaries under Interest Subsidy scheme. The Company with Affordable and Emerging Markets segment and pan India presence is well placed to tap the available opportunity” Result PDF