Sign in to fuzzto save your conversations, follow your research and come back anytime.
PNB Housing Finance
SectorFinancial Services
PNB Housing Finance Limited is a registered housing finance company promoted by Punjab National Bank, which holds 32.57% of its share capital. The company offers retail and corporate loans, including home loans, loan against property, and construction finance. It operates through a network of branches across India and a wholly-owned subsidiary, PHFL Home Loans and Services Limited. As of March 31, 2023, PNB Housing Finance had expanded its branch network to 189 branches/outreaches, with 82 branches/outreaches focused on the affordable loan segment in over 150 districts. The company's Assets Under Management (AUM) as of March 31, 2022, were Rs. 65,977 crore. PNB Housing Finance is listed on the National Stock Exchange and Bombay Stock Exchange since November 2016.
In the news
PNB Housing Finance, TVS Motor recommended for tomorrow
Policy, Profit and Power: How India Inc Is Navigating Change
RBI rate hike to 5.50% may pressure housing affordability but demand resilient
PNB Housing Finance Approves ₹10,000 Cr NCD Fundraise with Strong Q1 Results
PNB Housing Finance targets higher-yielding segments
Physicswallah shares up 1.47% with 36-48% upside target
ICICI Securities joins Morgan Stanley in bullish PNB Housing call
PNB Housing Q1 profit up 4.5% to ₹557 cr, targets ₹100 cr micro-housing
PNB Housing Finance leads mutual fund small-cap favorites
PNB Housing Reports ₹422 Cr Fraud by Happy Home Corporation
PNB Housing Finance Raises ₹500 Cr NCDs at 7.83% Coupon Rate
PNB Housing Finance rises 1.63% on fundraising proposal
Motilal Oswal maintains bullish stance on PNB Housing Finance post Q4 results
Motilal Oswal's Taparia picks 3 stocks for May 26 amid GCC boom
PNB Housing Finance targets 18-20% loan growth, eyes ₹1 lakh cr book
PNB Housing Finance targets 18-20% loan growth, ₹1 lakh crore book
PNB Housing Q4 profit surges 19% on record retail growth
PNB Housing Finance targets 18-20% loan growth in FY27
PNB Housing shares surge 11% on strong Q4 results, margins expand
Tata Group's NELCO stock surges 13% on Q4 profitability return
The Quarter story
The two most recent quarterly results, compared side-by-side.
PNB Housing Finance scales its branch network and improves overall asset quality, though margin compression and rising affordable-segment stress require attention.
Consolidated branches grow from 200 in Q1 FY26 to 404 in Q1 2026-27, doubling the physical footprint.
Consolidated net interest margin compresses from 3.74% in Q1 FY26 to 3.50% in Q1 2026-27, squeezing profitability.
Consolidated GNPA improves from 1.06% in Q1 FY26 to 0.95% in Q1 2026-27, reflecting better asset quality.
Affordable GNPA rises from 0.33% in Q1 FY26 to 0.74% in Q1 2026-27, signaling stress in the entry-level book.
Consolidated cost of borrowing drops from 7.76% in Q1 FY26 to 7.36% in Q1 2026-27, easing funding pressure.
Consolidated DSA channel mix jumps from 49% in Q1 FY26 to 62% in Q1 2026-27, increasing reliance on third-party sales.
Emerging Markets DPD 30+ falls from 2.33% in Q3 FY26 to 2.09% in Q1 2026-27, showing tighter collections.
Consolidated spread narrows from 2.23% in Q1 FY26 to 2.12% in Q1 2026-27, compressing net margins.
Prime delinquency 30+ eases from 3.31% in Q4 FY26 to 2.75% in Q1 2026-27, stabilizing high-value loans.
Affordable DPD 30+ climbs from 0.91% in Q1 FY26 to 1.60% in Q1 2026-27, raising early-stage collection risks.
Company insights, generated from the most recent coverage.
The 10 bps of NIM improvement management expects from refinancing at better rates was guided before the hike; a rising rate curve raises the bar for that self-help lever to actually land.
Q1 FY27 NIM of 3.50% sits below the FY27 guidance band of 3.55-3.65% set on the Q4 FY26 call — management has not yet re-guided after the October repo hike, so the target looks at risk.
Cost of borrowing at 7.36% with spread stuck at 2.12% means PNB Housing's margin recovery depends entirely on repricing the existing book, not on new disbursement volumes.