PNB Housing Finance Ltd. share price target

PNB Housing’s (PNBHF) 1QFY27 PAT grew 4% YoY to ~INR5.6b (in line). NII rose ~7% YoY to ~INR8b (in line). Other income grew ~25% YoY to ~INR1.3b (~13% higher than estimate).

PNB Housing Finance (PNBHF) maintained strong AUM growth at 15% YoY/3% QoQ in Q1FY27, despite shifting to a cheque realisation-based disbursement recognition, which resulted in 18% YoY growth (56% YoY on handover basis).

PNB Housing Finance (PNBHF) is entering the next phase of its transformation, leveraging its retail franchise, distribution network, and improving operating infrastructure to accelerate growth in higher-yielding affordable and emerging segments.

PNB Housing Finance (PNBHF)’s Q4FY26 results demonstrated a sustained operational turnaround, with RoE touching 14% while the company successfully navigated a period of leadership transition.

PNB Housing’s (PNBHF) 4QFY26 PAT grew ~19% YoY to ~INR6.6b (14% beat). FY26 PAT grew 18% YoY to INR22.9b. 4Q NII rose ~11% YoY to ~INR8.1b (in line).

PNB Housing’s (PNBHF) 3QFY26 PAT grew 8% YoY to ~INR5.2b (5% miss). NII rose ~11% YoY to ~INR7.7b (in line). Other income declined ~10% QoQ to ~INR1b, owing to lower fee income and investment income.

PNB Housing Finance (PNBHF) continues to deliver a resilient and wellbalanced operating performance versus peers, navigating regional disruptions, intensified bank competition, and NIM pressure in a declining rate environment while sustaining growth and asset quality.

After successfully strengthening its retail asset franchise during FY24–25, PNB Housing Finance (PNB HF) has shifted its focus towards enhancing profitability going ahead, and its highest quarterly (since FY21) RoE at >13% during Q2FY26 is a reflection of sustained improvement across financial parameters despite management transition.

PNB Housing (PNBHF) delivered a broadly in-line performance in 2QFY26, marked by healthy retail loan growth of ~17% YoY, NIM compression of 7bp QoQ to 3.67%, following a ~10bp PLR cut taken by the company and lower investment yields in the quarter.

PNB Housing (PNBHF), on 31st Jul’25, announced that its MD and CEO, Mr. Girish Kousgi, has decided to step down from his role effective 28th Oct’25 to pursue external career opportunities.

PNB Housing Finance (PNBHF) delivered a resilient and well-rounded performance in FY25, effectively navigating regional headwinds (in states like Karnataka and Telangana/AP) and yield pressures stemming from repo rate cuts.

PNB Housing Finance’s (PNBHF) Q4FY25 and FY25 financial performance reflects management’s successful execution of revamped business strategy with retail loan growth at 18% YoY in FY25 exceeding guidance of 17%, GNPL touching 1% as on Mar’25, benign credit cost (as indicated it continued to benefit from strong recovery of INR 3.3bn in FY25) and affordable housing crossing INR 50bn AUM in Mar’25.

PNB Housing (PNBHF) delivered an all-round healthy performance, marked by a healthy retail loan growth of ~18% YoY, an expansion of 5bp QoQ in NIMs, a sustained improvement in asset quality, and recoveries from its retail written-off pool, which resulted in provision write-backs for the entire year.

PNB Housing (PNBHF) delivered an all-round healthy performance wherein it exhibited 1) a healthy retail loan growth of ~17.5% YoY, 2) a minor expansion (~2bp) in NIM, 3) a continued improvement in asset quality

PNBHF is pivoting its product mix toward the emerging and affordable housing segments, with both these relatively higher-yielding segments now contributing ~23% to the loan mix (compared to ~18% as of Mar’23

PNBHF’s 4QFY24 PAT grew ~57% YoY to ~INR4.4b (~20% beat), driven by
NIM expansion of ~15bp QoQ. This NIM expansion, despite a sequential
moderation in yields, was aided by 1) the absence of any one-offs unlike the
previous quarter, and 2) stable CoB.

PNB Housing Finance’s (PNBHF) strategy to build a scalable and sustainable retail mortgage business has been showing signs of success as reflected in 10% YoY growth in retail business during Q4FY24 - highest in past 5 years.

PNB Housing Finance (PNBHF) plans to transform from a prime housing financier into a lender that offers a wide bouquet of mortgage products across cohorts of
product and customer profiles. In addition to its existing affordable housing loans (Roshni) vertical, it will also enter the emerging market vertical from FY25.